I have been asked this question so many times during my 22-year career in this business that I decided to write an article on it and to save it as a resource for each time I get asked this question.
Should I book now my vacation now or wait for a deal? While nothing in life is guaranteed except death and taxes what I am about to tell you is a given fact that you can take to the bank 80-90% of the time. Those are excellent winning odds, even in Las Vegas.
If you book in advance you will always get the cruise lines version of their “book early” discount. Most of the time as the ship is empty early in the booking process they will offer the bigger discounts. As the ship begins to fill up the discount they offer you will start to decrease. Most people think the cruise lines lowball the prices right before the cruise. WRONG !!!!! It doesn’t work that way.
You can’t have your cake and eat it too. If you wait closer to the sail date to book your cruise and there happens to be some kind of promotion going on be prepared NOT to get something that you were really hoping for. More than likely the dining time you really want will be on a waitlist. You might want a balcony, but there isn’t any left so now you have to suffice with just a window cabin, or an interior cabin. More than likely the last cabins available on the ship will be by the staircase, elevator, the front or back of the ship, next to the pantry area or under some very noisy and busy public area. So, while you may have saved a few bucks on your cruise you can now stay up even later at night since you won’t be able to get a good night sleep in your noisy cabin. On the flip side if you book early you will get the early booking discount, and will get to choose your specific deck and cabin, and will even have your choice of dining times.
Let’s do some math. Say I book a cruise a year in advance and my balcony cabin is $1,000 per person. With 2 people in the room that would be $2,000. Now 3 months before the cruise they come up with a Texas resident, a senior or a military promotion. You are so happy that you decided to wait and book this cruise now instead of doing it a year in advance like I did. You’re super excited because you got a deal by waiting and I did not. They are offering 30% off the first passenger and a $50 onboard credit per cabin. What you fail to realize is that your balcony price because you waited so long to book this cruise has increased to $1,300 per person or $2,600 for 2 people, and with a 30% discount off the first person (-$390) that brings it down to $2,210. And even if you take off the $50 of onboard credit that takes your price down to $2,160. You’re feeling proud of yourself because you took advantage of a good promotion and brought your $2,600 cruise down to $2,160. When I booked the cruise, there was no promotion except the basic early booking promotion and I paid $2,000. So, you ended up paying $2,160 and I paid $2,000. Let me ask you a question, “who paid less?”. And again, I got the dinner time I wanted and you are more than likely going to get waitlisted for what you want and probably won’t even get it. I also have a great cabin location right in the center of the ship in a nice and quiet area. Because you waited to book your cruise everyone else beat you to the prime cabin locations. Your choices now are probably underneath the cafeteria which has a crew working above your head 24 hours a day making noise, underneath the noisy pool area, or underneath the disco with loud music echoing through your walls until 3am.
If you book in advance you will also get to split up the deposit and final payment date helping you to spread out your payments and budget for your vacation. If you book within 3-4 months of departure you will have to come up with the full amount all at once.
This philosophy not only applies to cruises, it applies to all vacations including all those great all-inclusive resorts in Mexico and the Caribbean. I will bet you money that any smart shopper will want the cheapest, shortest, and most direct airline schedule to begin and end their vacation with. Once the wise folks buy these seats up you will be left with the longer and more expensive flights.
So, there you have it.