Now may be the time to book a hotel for the December holidays. But it all depends on where you will be spending them.
That's according to a new analysis by TripAdvisor showing the least expensive times to book hotels for the last two weeks of December. Brooke Ferencsik, a spokesperson for the travel site, explains:
"Based on TripAdvisor booking data, we've seen that hotel prices can vary significantly from one week to the next depending on the destination, so it's the well-informed traveler that is most likely to snag the best deals."
For this analysis, TripAdvisor defined the best time to book as periods when hotel prices were less than the average for a given destination.
In the U.S. as a whole, the best time to book a hotel starts in November, when hotel rates start to fall, the analysis shows.
RELATED: Scariest travel destinations
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Chamonix in the French Alps.
The Chamonix Skywalk is a five-sided glass structure installed on the top terrace of the Aiguille du Midi (3842m), with a 1,000 metre drop below, where visitors can step out from the terrace, giving the visitors the impression of standing in the void.
(REUTERS/Robert Pratta (FRANCE)
The Burj Kahlifa, the world's tallest building in Dubai, United Arab Emirates.
Situated in downtown Dubai, the building was completed in October 2009. The building stands 829.8 metres tall, 2,722 feet. Visitors to Dubai can visit the buidling, with an observation deck on the 124th floor, named 'At the Top'. The views from the deck are stunning and give an amazing view of the surrounds of Dubai. The lift taking visitors to the deck hurtles guests at top speed and then allows them space outside to view the surrounds. There are 24,348 windows in the building. The building dominates for miles around and is truly a spectacular building of our day.
Picture shows the glass-bottomed bridge across the Zhangjiajie Grand Canyon on June 12, 2016 in Zhangjiajie, Hunan Province of China. The bridge stretched 430 meters long, 6 meters wide and the biggest vertical drop was 1,430 meters under the path. (Photo by VCG/VCG via Getty Images)
Willis Tower, Chicago.
The observation deck of the 108-story Willis Tower (formerly named the Sears Tower), January 15, 2014. Over one million people visit its observation deck each year. The 1,451-foot building is home to United Airlines's main office.
(Photo by Robert Nickelsberg/Getty Images)
Langkawi Sky Bridge, Malaysia.
It's a curved pedestrian bridge built on top of Mt. Machinchang at a height of 700 meters above sea level. The bridge is suspended from a 82 meter pylon swinging out over the landscape to give visitors a unique view of the surrounding area and neighboring islands.
(Photo by John S Lander/LightRocket via Getty Images)
The observation deck at the top of the tower becomes the Blackpool Tower Eye and features a skywalk made of glass overlooking the sea and the promenade.
(Photo by Christopher Furlong/Getty Images)
Aerial view of tourists walking on the 100-meter-long and 1.6-meter-wide glass skywalk clung the cliff of Tianmen Mountain (or Tianmenshan Mountain) in Zhangjiajie National Forest Park on August 1, 2016 in Zhangjiajie, Hunan Province of China. The Coiling Dragon Cliff skywalk, featuring a total of 99 road turns, layers after another, is the third glass skywalk on the Tianmen Mountain (or Tianmenshan Mountain).
(Photo by VCG/VCG via Getty Images)
Auckland's Sky Tower, New Zealand.
Steeplejacks celebrate the completion of electrical and construction work on Auckland's Sky Tower.
Dachstein Mountains, Austria.
People on the 'Stairway to Nothingness' on the Dachstein Mountains.
Lion's Head, Cape Town, South Africa.
Lion's Head is known for spectacular views over both the city and the Atlantic Seaboard, and the hike to the top is particularly popular hike in the city and people hike up during full moon. Its slopes are also a popular launching point for paragliders.
(Photo by Nardus Engelbrecht/Gallo Images/Getty Images)
Via Ferrata, Telluride, Colorado.
Traversing the Main Event section of the Via Ferrata.
Capilano River, Vancouver.
The Capilano Suspension Bridge across the Capilano River in Vancouver, British Columbia, Canada, circa 1960.
(Photo by Archive Photos/Getty Images)
Royal Gorge in Colorado Springs.
Devil's pool, Victoria Falls, Zambia.
Stone Stairway, Skellig Michael, Ireland.
El Caminito del Ray, Malaga Spain.
'El Caminito del Rey', which was built in 1905 and winds through the Gaitanes Gorge, reopened last weekend after a safer footpath was installed above the original. The path, known as the most dangerous footpath in the world, was closed after two fatal accidents in 1999 and 2000. The restoration started in 2011 and reportedly cost 5.5 million euros.
(Photo by David Ramos/Getty Images)
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More specifically, travelers who book for the holidays during the week of Thanksgiving stand to save the greatest amount possible — 21 percent compared to peak pricing.
TripAdvisor's analysis also covered four domestic cities that are popular travel destinations:
Chicago: Hotel rates for the December holidays start to fall below average in October, when travelers who book during the month can save 28 percent or more compared to peak prices.
New York City: Rates start to fall in mid-September and drop again in mid-November. Travelers who book at the last minute can save 25 percent off early year peak rates.
Orlando: Rates vary dramatically from one week to the next throughout the year, so travelers should shop carefully. The best time to book is early in the year, but average or slightly below-average rates can still be found in late October and late November.
San Francisco: Rates start to fall below average in mid-September. Rates also drop significantly during the week of Thanksgiving and again in December.
For a list of international cities and the best times to book hotels in each city, check out TripAdvisor's analysis.