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Hospitality Industry Trends |
Sunday November 23rd, 2008 |
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Travel Prices Increase 5.6 Percent In February |
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Lodging prices were up 3.2 percent compared to February 2005 and 4.9 percent from last month. Airfares increased 8.3 percent against twelve months earlier and 1.2 percent from previous month. |
Gasoline price increased 20.6 percent from one year ago. Lodging prices were up 3.2 percent compared to February 2005 and 4.9 percent from last month. Airfares increased 8.3 percent against twelve months earlier and 1.2 percent from previous month. The Consumer Price Index, or CPI-U, was up 3.6 percent from February 2005.
Developed by the Travel Industry Association of America's (TIA), the Travel Price Index (TPI) measures the seasonally unadjusted inflation rate of the cost of travel away from home in the United States. The TPI is based on U.S. Department of Labor price data collected for the monthly Consumer Price Index (CPI). The TPI is released monthly and is directly comparable to the CPI.
Economic Research: Travel Price Index - February 2006
Base Year For Index: 1982-84 = 100
Sources: Travel Industry Association of America and U.S. Department of Labor
Travel Industry Association of America
TIA (www.tia.org) is the national, non-profit organization representing all components of the $645 billion travel industry. TIA's mission is to represent the whole of the U.S. travel industry to promote and facilitate increased travel to and within the United States.
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Travel Industry Association
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TIA is the national, non-profit organization representing all components of the $537 billion travel industry. TIA's mission is to represent the whole of the U.S. travel industry to promote and facilitate increased travel to and within the United States. |
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