There is no specific answer to "When is the best time of year to travel?" Generally speaking, for the lowest prices, you should travel during off-peak season. That sounds easy doesn't it! What is off-peak season? That is not so easy!
The time of year must be taken into consideration. The climate of the region, as related to the time of year, is one factor which determines the off-peak season. Another is simply that most people travel in the months of June, July and August due to their job situations and the children being out of school. Also, there is a significant number of people who travel at Thanksgiving, Christmas and New Year's Eve.
Generalized examples of when to obtain the lowest prices:
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• Caribbean: September, October, November, early December, early January.
• Europe: Winter months; with the exception of skiing destinations.
• Colorado Ski Resorts: Summer months. Other areas of Colorado: Winter months.
• Alaska: Cruise lines and most tour companies only book from May to September due to weather conditions. There is primarily only one season: peak season.
• Australia: USA summer months because it is winter in Australia at that time.
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You see...if you think about it...it will be fairly easy to determine when the off-peak season is for whatever endeavor you might be considering. The business world turns on an axis of "supply and demand". If you can travel in the off-season, you will save tons of money and that will enable you to go on more trips later!