Is it time to book vacations?

An interesting article by Christopher Elliott wonders if now is a good time to book vacations or it is better to wait.

According to him, making a comparison of the evolution during the last months of the price of oil, the Dow Jones index of US Airline and US Hotels concludes that they will soon begin to fall.

Wall Street is betting that airlines and hotels won't be as profitable in the near-term (or, perhaps more unprofitable, in the case of airlines). Combine that with lower energy costs, and it's hard to argue that rates and fares will go up. In fact, the best deals may be just ahead.

If your predictions are applicable to the rest of the world, it will be a matter of starting to see destinations and prepare the card for when the best time comes.

Via | Elliott