This is the number one tip that you get from expert travelers and travel agents. However, it is true. First time travelers think that they are able to get the best deal out of last minute booking. However, this is wrong. However, there are times when hotels and airlines offer huge discount for last minute deal, however, this is a rare situation. It is best and proven effective if you'll plan your vacation earlier and opt for advance booking. Hotels and airlines appreciate travelers who make their reservations in advance.