Revealed: The cheapest time to book a cruise holiday
Published 23/08/2016 | 07:26
An analysis of over 600,000 cruise price reductions claims to reveal the cheapest day of the week for booking a cruise.
Cruise price drops vary widely throughout the week, the study found, but Thursday emerged as the single cheapest day on which to book.
By contrast, Wednesday was the biggest day for price hikes, according to cruisewatch.com, a search engine that tracks cruise price drops.
“Cruise prices fluctuate with demand and supply,” says Britta Bernhard, a cruise enthusiast and co-founder of the website. “Most people do not realize that they can save massive amounts of money by booking at the right time.”
Cruise prices vary for several reasons, including late notice discounts to fill up staterooms that have not sold, rather than leave them empty on a sailing.
Its analysis of cruise price reductions found twice as many price drops on Thursdays than on Sundays - the slowest day for deals, cruisewatch.com said.
While weekends were "quiet", 34pc of all price hikes fell on Wednesdays.
“Cruise lines invest massive amounts of resources into revenue optimization," Bernhard added. "We are levelling the playing field and offering consumers up-to-date technology to make the right decisions."
In a separate study, cruisewatch.com found that it was cheaper to cruise continuously for an entire year than to pay rent and live in New York City.
Combining cost-of-living data from the 2012 US Census with an analysis of five years' cruise price information, the website found the average cost of living in the Big Apple to be $637 per week, while cruising was possible for $313.25 per week.
The savings, based on interior cabins, did not include taxes or surcharges.
“Even so,” Bernhard said, “it’s easy to see that going on a cruise is a lot less expensive than most people think.”