We've seen airfares as low as $179 each way from the East Coast to major European cities for travel between November 1 and March 31, and many hotel deals to match.

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What's happening is consumers on the Internet can find great deals, both way in advance and last minute. The Internet is used by many retailers as a way of getting rid of inventory. When they realize that they've got two more hotel rooms or airline seats left to book they just keep slashing prices and slashing prices until they're gone. It's a great opportunity for consumers.

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For example, in New York City, if you travel the third week of December, most of the hotels slash their rates. Also, other cities such as Washington, D.C. -- if you're traveling after mid-November, the rates go way down.

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It's definitely not too late. You can get great travel bargains for Valentine's Day up 'til the last minute in some of the most romantic and popular cities in the world. There are all kinds of cheap fares and specials right now.

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You can fly right now from the East Coast to London for as low as $289 round-trip. (Right now) it's cheaper to travel to London than it is coast to coast.

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We predict, a year or two down the road, that there will be a higher supply of hotel rooms. And a higher supply means lower occupancy, and a lower occupancy means there should be better rates for the consumer.

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