Are "fareologists" for real? Yup and here's their holiday travel predictions

Bing Travel actually employs "fareologists" that recently reported a preliminary outlook about the upcoming holiday season that predicts very little change over last year's holiday season. .

According to Bing, 2009 airfares and hotel rates were kept low to reinvigorate consumer travel during a tough economy. This year, similar opportunities exist for people planning to visit family or travel during this high season.

Knowledgeable fareologists tell us that domestic destinations are averaging $310, down 3 percent from 2009, but down 13 percent when compared with 2008 fares. Christmas and New Years holiday airfare to domestic destinations averages $368, up only 2 percent from this same period in 2009 and even with 2008 fares.

This marks the first time since the initial Farecast Holiday Forecast in 2007 that airfares have swung less than 10 percent in one direction.

What has been a seesaw of fares over the past few years from sky high to rock bottom is finally finding its balance point, said Chief Fareologist David Lindheimer, Global Lead for for Bing Travel at Microsoft Corp. Airlines have made the right capacity cuts and are now consistently filling their planes, which has evened out fares. Though holiday flights are pretty reasonable now, prices will increase as more people finalize and book their holiday travel.

Nationally, the average ticket for the most popular Thanksgiving itinerary Wednesday departure, Sunday return is favorable this year averaging $397, down $34 from 2009 and down $65 from 2008. Travelers who can stay flexible with their Thanksgiving travel dates will likely be rewarded with savings. For example, traveling on Thanksgiving morning and returning on the following Saturday instead of Sunday can yield a savings of $84 per ticket.

Nationally, the ticket for the most popular Christmas itinerary Thursday departure, Sunday return could cost $403 on average, up $14 from 2009. If you want to save some money during Christmas, traveling back on Saturday saves about $67 per ticket.

Fareologist Tips for Smart Holiday Travel

Watch early October for holiday price drops. Since 2006, most Christmas itineraries saw price drops in the first two weeks of October. If you cant book that early, there will likely be more deals. Bing Travel data has found that there are 50 percent more price drops during the holidays than other times of the year. Travelers are advised to set up Bing Travel Fare Alerts, which include price predictor, or subscribe to the Bing Travel RSS feed to help you catch elusive deals.
Be flexible. Travelers can save big by avoiding the busiest travel days during both Thanksgiving and Christmas. For example, you can save more money by shifting your outbound travel date for Christmas. More specifically, avoiding the popular Wednesday or Thursday before Christmas departure days can save approximately $15 to $70 per ticket. Use the Bing Travel Flexible Travel graph to help determine the best time for you to travel.
Use available tools. Most airfare price drops last less than 48 hours, so travelers need to be ready to jump when a fare falls. Travelers with specific travel dates in mind and for whom flexibility isnt an option are advised to set Bing Travel Fare Alerts that will notify them if the fares for their trips drop, allowing them to catch the best fares.
Avoid travel surcharges. Many airlines have imposed holiday surcharges. Making airfare and hotel purchases in the fall as opposed to waiting until closer to the holidays is the best tactic to avoid these charges. In addition, many airlines charge extra fees for a variety of things, from checking baggage, having overweight baggage, receiving pillows or meals, and getting aisle or exit row seats. Make sure to be well informed about your airlines fees.

I'll be home for Christmas, for me it's the coziest spot on earth on that day.

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