Where are you booking your flight to on this year's 'cheap flight day'?

Before you go, we thought you'd like these...
Before you go close icon

The Cheapest Days to Book Flights for the Holidays

Summer peak prices can be overwhelming and most times, completely unfeasible. But once the season starts to dwindle down, prices start to drop at rapid rates.

So if you're trying to pack in a last minute summer vacation, it looks like your best shot at a cheap flight is coming up.

SEE ALSO: 7 hidden fees airlines charge you

August 23rd is known as "cheap flight day", as it generally marks the start of plummeting flight costs across all airlines.

Flights can drop anywhere from 10 to 20 percent, according to ABC News.

Back-to-school season and an end to the carefree, summertime vacation approach towards life marks a significant drop in booked flights, allowing cheaper prices to come into fruition.

This period of cheaper flights lasts until Thanksgiving, when high demand for holiday travel and winter blues result in an increase of booked flights once again.

So if you've been staring at your travel-themed Pinterest board for weeks too long, it's time to start shamelessly making those dreams a reality – your ideal time to book is only a few weeks away!

RELATED: 11 travel expenses worth the splurge

12 PHOTOS
11 travel expenses worth the splurge
See Gallery
11 travel expenses worth the splurge

Comfortable walking shoes

Photo credit: Getty

Checking a bag

Photo credit: Getty

Health insurance

Photo credit: Getty

Accommodations in a central and convenient location

Photo credit: Getty

A data plan

Photo credit: Getty

Vaccinations

Photo credit: Alamy

GPS system/smartphone GPS or map app

Photo credit: Getty

Nonstop flights

Photo credit: Getty

One must-do, dream experience 

Photo credit: Getty

Durable luggage

Photo credit: Getty

Local, handcrafted souvenirs

Photo credit: Getty

of
SEE ALL
BACK TO SLIDE
SHOW CAPTION +
HIDE CAPTION

More on AOL.com:
New law makes airlines refund fees for delayed bags
The 20 most-loved airlines in the world
Here's how Brexit could affect your travel plans

Read Full Story

Markets

S&P 500 2,246.19 4.84 0.22%
DJIA 19,614.81 65.19 0.33%
NASDAQ 5,417.36 23.59 0.44%
DAX 11,179.42 192.73 1.75%
HANG SENG 22,711.54 -150.30 -0.66%
NIKKEI 225 18,899.19 133.72 0.71%
USD (per EUR) 1.06 0.00 -0.15%
USD (per CHF) 1.02 0.00 0.13%
JPY (per USD) 114.51 0.44 0.39%
GBP (per USD) 1.26 0.00 -0.04%

From Our Partners