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It operates similarly to airline fare structures, where algorithms modify prices on a daily or even hourly basis.

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Before you reserve your accommodations,ensure youre not booking during these times.

If supply exceeds demand and the hotel needs to fill rooms, then prices may be lower.

Instead:Book early and keep tabs on prices online.

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I would always advise booking in advance, Tim Hentschel, CEO and founder ofHotel Planner, recommended.

You will then have a wider choice of dates, hotels, departure airports and destinations to select from.

Plan on paying more during peak holiday periods and major local events, Drewe said.

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Instead:Hentschel recommends booking a hotel in the shoulder season when theres less demand.

Instead:Hentschel recommends booking on a Tuesday if you want to get the best deal.

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