Last minute   

I have not used this system for reservation for myself. But I worked at a travel agency, and I can say these really worths the cost. these are good if you do not have to plan in advance your holiday, and you want to enjoy first or second class service. Usually the expensive travels and hotels have this kind of "sold out". SO you may think they are not cheao, but regarding the service they are cheaper, that the original price.

I wanted to book flights using lastminute.com a while ago,but when i compared it to other flight serach engines like expedia,or even booking directly with the airlines,its not that cheap,but they do have some good package deals

It really depends on what you are buing, and how poplar they are. For instance i think package trips may be an exellent thing to get last minute. the price is low, and you may get a really good hotel. Usually these deals are very good

Plane tickets may be another thing completely. Seems more and more companies will sell the cheap tickets first. But, there are bargains to be had if there are lots of seats available right before departure. This i feel is a bit of a gamble. It might be that the last minute price is higher than usual as well if there are a very limited number of seats left

sometime I did last minute reservations and they can have very cheap prices

I our country last minute reservation is very costly... so we will not try that...