If you are willing to take a bit of a risk with your cheap American holiday plans, you can save a substantial amount of money by waiting for late deals on accommodation and flights.

Last minute offers are not hard to find; the only problem with them is that unusual or difficult conditions are normally attached.

For example, with cheap last minute flights you may have to board a plane at an ungodly hour, or you may have to sit in transit for eight hours on a stopover.

Accommodation offers can be fraught with drawbacks too, so make sure you fully read the conditions of the stay before you handover the cash.

There will probably be a minimum stay period, and you may not have access to amenities that you normally take for granted. Breakfast, for instance, might not be included in your accommodation price.

Organising holidays on the back of cheap last minute deals is probably only suitable for some types of travel groups; a young couple or university students, for example.

Family groups or larger touring groups simply won’t be able to depend on late deals because of the uncertainty attached.

However, there are other ways for larger groups to organise discount travel deals – booking well in advance and in large numbers will often attract a low price.