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If you book in advance, you get confirmed bookings and do not have to run pillar to post searching for accommodation or arranging for excursion tours. You also get the accommodation of your choice and comfort. You get better prices on hotels and flight bookings, thus resulting in lower expenses. If you scout various travel websites, you can also clinch good bargain deals and packages. The money you save on all this can be used on extra goodies during your holiday. You also have the time to understand all facets of the destination beforehand, thus ensuring you do not waste time when you get there. When you plan in advance, there are lower chances of missing out on things to take along with you. Last but not the least, there is a lower strain on your finances as you would have planned for the vacation by saving regularly every month.