Question: When planning a trip far in the future (three to four months away), is it better to make reservations now or wait until closer to the actual date to get the best rates?
Lorraine in San Francisco
Answer: Knowing exactly when to book your vacation to get the lowest rate possible is a tricky proposition. It really depends on how determined you are and how much effort you want to put into the process.
My recommendation is that you check rates now on three or four of your desired hotels, then check again in about two weeks, and again another two weeks after that. If you aren't seeing a lot of movement in the prices, I'd hold off booking until six to eight weeks before your actual trip. If you see the rates going down or up, you may want to consider booking earlier, because if they're going down, people will book those rooms and the rates will go up accordingly. If they are going up ... well, they probably won't go back down.
Most hotels allow cancellation up to 48 hours before check-in with no penalty. So if you book now, you can keep calling and asking for rates. If they go down after you've booked your reservation, you can either ask for the lower rate or cancel your first reservation and book again at the lower rate.
It's all about staying on top of things!
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Rick Garman is the head writer for Vegas4Visitors
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