The travel price index (TPI) published by the U.S. Travel Association includes data on the monthly changes in the consumer price index (CPI) of travel and tourism services in the United States, such as airline fares, lodging, and recreation. Throughout 2022, and particularly in the first half of the year, both the travel and consumer price indexes grew dramatically, with the TPI reporting a staggering 19.4 percent annual increase in May. Meanwhile, in December 2023, the TPI went up by 1.3 percent compared to the previous year, while the CPI experienced a 3.3 percent year-over-year rise.
Year-over-year percentage change in the travel price index vs. consumer price index in the United States from January 2022 to December 2023
The travel price index refers to the following industries: transportation (airline fares, motor fuel, intracity transportation, intercity transportation); lodging (hotels/motels); recreation; food and beverage (alcohol away from home, food away from home).
Data prior to December 2023 were previously published by the source. Figures for November 2023 were not available.
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US Travel Association. (January 16, 2024). Year-over-year percentage change in the travel price index vs. consumer price index in the United States from January 2022 to December 2023 [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/1359431/travel-price-index-change-united-states/
US Travel Association. "Year-over-year percentage change in the travel price index vs. consumer price index in the United States from January 2022 to December 2023." Chart. January 16, 2024. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1359431/travel-price-index-change-united-states/
US Travel Association. (2024). Year-over-year percentage change in the travel price index vs. consumer price index in the United States from January 2022 to December 2023. Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/1359431/travel-price-index-change-united-states/
US Travel Association. "Year-over-year Percentage Change in The Travel Price Index Vs. Consumer Price Index in The United States from January 2022 to December 2023." Statista, Statista Inc., 16 Jan 2024, https://www.statista.com/statistics/1359431/travel-price-index-change-united-states/
US Travel Association, Year-over-year percentage change in the travel price index vs. consumer price index in the United States from January 2022 to December 2023 Statista, https://www.statista.com/statistics/1359431/travel-price-index-change-united-states/ (last visited November 18, 2024)
Year-over-year percentage change in the travel price index vs. consumer price index in the United States from January 2022 to December 2023 [Graph], US Travel Association, January 16, 2024. [Online]. Available: https://www.statista.com/statistics/1359431/travel-price-index-change-united-states/
