REVEALED: The cheapest week to travel that could see you save hundreds of dollars

Pack your bags and get ready to jet set to this summer's hottest - and cheapest - travel destinations - the only catch is that you have to fly at a specific time to get the best bang for your buck. 

As frequent fliers prepare to flood airports this summer, new data has revealed the most cost effective week to hop on a plane and enjoy your time off. 

Research from Skyscanner showed that travelers could save up to $1,064 by taking a vacation during the week of August 19. 

According to the site, only four per cent of people tend to travel during that week and take advantage of the big deals. 

Pack your bags and get ready to jet set to this summer's hottest - and cheapest - travel destination - the only catch is that you have to fly at a specific time (stock image)

The data showed just how much traveling in August versus June can slash off prices. 

A round trip from Chicago to Barcelona, Spain is about $1,236 in June. But, if you move your trip to the week of August 19, you can spend just $733. 

Meanwhile, going from Los Angeles to London is about $1,000 throughout the summer, but the average cost during the third week of August will cost you $724. 

If you're traveling from NYC to Punta Cana, you can expect to spend $1,000 during June and July.

However, if you're jetting off the week of August 26, it will cost you about $524. 

Flying from San Francisco to Dublin will cost you a whopping $2,000 during June and July. 

But, between August 3 through 9, it can cost an average of $933. 

Skyscanner revealed that the first week of July saw the most amount of people traveling.

If you're looking for a cheap spot to travel, research has shown that Split, Croatia (seen) and Zurich, Switzerland have seen a 24 per cent decrease

That week costs 29 per cent more than the week of August 19. 

The second most costly week for traveling is June 17. 

If you're looking for a cheap spot to travel, research has shown that Split, Croatia  and Zurich, Switzerland have seen a 24 per cent decrease. 

Meanwhile, Dubrovnik - also in Croatia - enjoyed a 22 per cent reduction. 

Flights to Bucharest, Romania, and the Bahamas - which has been issued travel warnings due to rampant crime - are also down 22 per cent.