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Global travel search engine Kayak has unveiled a new tool which can predict and forecast the fare and prices for future flights and hotels. Yes, you heard it right. The new feature ‘Best Time to Travel tool‘ can help users plan their trip, uncover optimal times of the year to fly and when to book by for a great price and trip experience.
The tool incorporates predictive data from Kayak’s billions of travel queries to forecast future flight and hotel prices so travellers can easily compare pricing against weather and seasonality information to determine the best time to travel for their next trip.
According to Kayak’s search data, people are continuing to prioritise travel despite price hikes. Flight prices have increased by around 6 per cent year over year for domestic travel and 10 per cent for international travel the second half of the year. Searches on Kayak have gone up by 47 per cent for domestic travel and about 16 per cent for international travel vs. last year.
With Kayak’s new ‘Best Time to Travel tool’, Travellers can also view a breakdown of the average, minimum and maximum flight prices for every month of the year. According to Kayak’s predictive data and search results, flight prices to Toronto are generally highest during the summer months (May through August) and cheapest during the low season months like March.
PLAN by ixigo is an intelligent trip planner built on OpenAI that delivers comprehensive itineraries and real-time destination information. The online travel platform has also launched a ChatGPT plugin, enabling conversational interactions with its search engine. Travellers can get travel destination recommendations based on their location, time, or weather conditions.
Commenting, Tarun Tahiliani, Country Manager, Kayak, said, “At Kayak, every tech-backed tool is built to make travel simpler, cheaper and more efficient for users, be it our travel search engine that finds the great deals or the price alert that makes it easy to lock in the best price. The ‘Best Time to Travel tool’ is the next natural progression for us, since it addresses a key pain point – uncertainty while planning. It also removes the guesswork for the travel planning process.” “With our predictive analysis, travellers can rest assured that they’re choosing not just the best month to travel but also the most economical booking window. We’re using our data to give travellers the information they need to make decisive actions and ultimately simplify the planning process for everyone,” he added.
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