A study by cruisewatch.com, a next-generation cruise search engine with an innovative decision support system, finds prices for cruise sailings are cheapest five weeks before setting sail.
Have you ever experienced checking cruise prices and finding they are high and then upon checking again later prices have decreased? The biggest factor you should consider in saving money is to determine the right moment when to book a cruise, says cruisewatch.com. Based on an elaborate study that considered more than 25,000 cruise sailings, cruise prices drop the lowest five weeks before departure.
The best discounts can be found in the weeks prior to sailing, with average reductions of 4 percent for interior and ocean-view cabins. But that is just the average. Not fully sold sailings can be discounted up to 40 percent.
“If you’re flexible regarding the cruise sailing, ship, or departure date, you can save big money by booking short term. But you can only choose between the last unsold rooms. If you are keen to get a special category, especially a suite, you should book your cruise early,” explains Nina Stumpe, a cruise enthusiast and cofounder of cruisewatch.com.
Prices get more dynamic short term; more expensive cabins have less or no price reductions
“Cruiseline’s prices are steered mainly during the last 100 days before departure. During this ‘hot phase,’ the biggest price decreases take place, especially for interior and ocean-view cabins. Interestingly the balcony staterooms, which are more expensive, are reduced less, and suites don’t get any discounts,” Nina says.
The search engine cruisewatch.com is offering a free price drop monitoring website that utilizes big data and machine learning to help customers find the perfect time to book their cruise. Users can get notified automatically when prices are reduced or when good deals are coming up. Even a price forecast is included on the webpage. “Cruise lines invest massive amounts of resources into revenue optimization. We are levelling the playing field and offering consumers up-to-date technology to make the right decisions,” says the cruisewatch.com cofounder. According to our claim right time, right cruise right price.