THIS is the cheapest time to book a hotel room

If, like 98 per cent of PA Life readers, you are responsible for booking hotel rooms, this data could help you save your company’s accommodation budget.

According to Vouchercloud, four weeks in advance is the optimum time to book a room, saving you up to 15 per cent on the price.

The data – which looked at 30 hotels across the ten most populated UK cities over three different dates – revealed just how much money can be saved.

With Travelodge, Premier Inn and Holiday Inn locations included in the study – 10 of each from each city included – the research also shows that early bookings at Travelodge are especially lucrative, while Holiday Inn prices vary a little less when booking in advance.

Rather unsurprisingly, the capital cities of the UK are where the biggest savings can be made when booking in advance. If you’re booking a room in Edinburgh, getting organised and securing a hotel booking could be well worth your while.

For every week you book in advance in the Scottish capital, savings of 4.33 per cent can be made every week, with the biggest price hikes happening over the last month where you could save yourself on average £18.77 per week.

When booking London hotels, advance bookings can help you save, on average, £5.04 for each week you book in advance.

Elsewhere, the cities where you can afford to leave your booking until the last minute are Liverpool, Glasgow, and Manchester where weekly savings are £1.21, £1.70 and £1.96 respectively.

“Going really in depth into the numbers and collecting a lot of data allowed us to find the peaks and troughs in hotel pricing, and the results are really interesting for consumers,” said Chris Johnson, head of operations at Vouchercloud.

“It’s comforting to know that booking early does indeed save you money, and putting a number to it really helps. When you can show how steeply prices fall when you manage to book two weeks in advance, it’s clear that preparation is everything!”