Travel journalist Lucy McGuire asked some seasoned travellers whether last-minute holidays live up to the hype.
Many travel companies have last-minute sections on their websites, and the bargain hunters among us thrive on the excitement of bagging a cut-price holiday that starts tomorrow - especially when it's cold and grey outside and we're craving some winter sun.
And it's not just holidays that can be snapped up for a more reasonable rate last minute - flights, accommodation and even package deals are all available last minute from the right sites. Oh, and don't forget to buy your travel insurance before you start your trip.
But is last-minute travel worth it? Lucy McGuire (@LucyAMcGuire) asks the experts to find out.
There are various reasons why we take last-minute trips and the chance of grabbing a bargain is definitely one of them. But Research by ABTA found that only 15 per cent of late holiday bookers were motivated by price. Many travellers booked late trips due to personal circumstances and the simple fact they hadn't had the time to book earlier.
Technology has also changed the way we look at holidays. With mobile phone apps such as Jetsetter and Late Rooms, which offer same-day hotel and travel deals, it's no wonder many of us are hooked on impromptu travel.
The pros of booking a last-minute holiday
'Booking late means you can swoop in and get some amazing deals on hotels, cruises and package holidays, giving you more value for money than if you'd booked ahead,' she says.
'I used the app HotelTonight to nab a beautiful room at the Franklin Guest House in New York. I'd checked the room rates for weeks ahead but decided to book last minute and got 30 per cent off.'
'Flights are nearly always more expensive at the very last minute. However, packages and hotel room rates will, at some point, reduce from their first published price.
'Predicting how and when this will happen is as much art as science, but it can really pay off.'
A study in 2010 found the holiday countdown can affect our levels of happiness. More recently, Psychologist Dr David Holmes created a scientific formula that suggests holidaymakers should book their trip at least 120 days in advance to get maximum happiness. So, do last-minute holidays bring us as much joy as we think? Freelance travel writer Julia Hammond (@juliamhammond) doesn't think so.
'I used to be a teacher so I had to plan my holidays well in advance,' says Julia. 'Old habits die hard, I guess, but I still prefer the anticipation of a trip over a last-minute decision. Trip planning is something to be savoured, not rushed.'
There are, of course, practical reasons for booking your holiday ahead. If you're planning a skiing holiday and taking your own skis, you'll need to get them serviced ahead of your trip and make sure you're feeling physically fit - which you can't do if you're booking late. Some top destinations also require advanced itinerary planning, otherwise you could miss out on the best attractions.
'When I travelled to Chile, I managed to rent a 4x4 to drive the gravel roads of the Torres del Paine National Park and get a front row seat to the incredible Inti Raymi celebrations in Cusco,' Julia says. 'These things sell out fast but I booked ahead and it really paid off.'
It's also worth remembering that travel companies simply can't offer late deals on some long-haul trips. Which is perhaps why the Compass Report by Cheap Flights found the average pre-booking period for destinations like Asia and Oceania is three to six months.
Let's not forget those special occasions such as anniversaries and honeymoons either, which really aren't conducive to the book-and-go approach. Sometimes, as Julia says, half of the joy comes from counting down to your holiday.
'You're always better off looking for a last-minute holiday outside peak travel times,' says Jill, 'especially if you book in January and on Cyber Monday when you can find some really good deals.'
Sarah Slattery (@TravelExpert_IE), founder of The Travel Expert, also has some useful tips: 'Be flexible and consider using a travel agent. Chances are they will know instantly what the best value last-minute trip is for that time of year.'
In her post offering top tips to find a last minute deal to the sun, Sarah also suggests looking at mid-week flights and reading online reviews of a resort or hotel before you spontaneously book - especially when they're part of a package deal.
So whether you're searching for a last-minute skiing holiday, a city break or a trip to the Caribbean, there are always great deals to find. Be flexible and go with a sense of adventure - and you're bound to have a fantastic trip.
Check out our article on all-inclusive holidays; the good, the bad and the unlikely.