A few years ago I purchased airline tickets to Maine to visit family at what I thought was a decent rate. A week later I happened to be looking on the same website that I bought them on and noticed that the same exact flight was fifty dollars cheaper! A week after than it was another twenty cheaper still!
If you’ve bought enough airline tickets you have probably experienced the same effect. Airline prices fluctuate, and unless you follow it for a while on your own, you’ll never really know when to buy and when to wait… until now. I Stumbled Upon the website FareCast.com which predicts prices to and from most U.S. cities based on it’s historical costs over the last couple months.
For example: Roundtrip airfare to Kahalui, Hawaii (Maui island) is as low as $358 for the same week that I was there last year… but FareCast is telling me (with a 75% certainty) that the price will go down, and that I’d be better off waiting. Though looking at the 66-day lowest-price history I can judge that it probably wont go down more than just a few dollars… so instead of risking the loss of a good fare altogether to save just a few bucks, I’d buy right now… with confidence!
I’m going to keep an eye on a few fares to see how accurate this thing is… but it seems to make sense, and since it has relatively transparent data for the last two months, I feel I can trust it more than the wild guessing system that I used before this.