tpi
Travel Price Index (TPI) Shows Positive Signals For Travelers
U.S. Travel Association | September 12, 2024
WASHINGTON (September 12, 2024)—Following today’s CPI report, U.S. Travel Association Vice President of Research Josh Friedlander released the following statement: “With overall inflation cooling to its lowest level since 2021 and gas prices down significantly, travelers have reason to be excited about their plans, even as we conclude one of the biggest summer travel seasons ever. Prices of travel-related goods and services have grown less than those for the economy broadly, both annually and compared with prior to the pandemic. U.S. Travel’s Travel Price Index grew just 0.9% annually in August, compared with 2.5% for the broader CPI...
Travel Prices Decline, Lead the Way for Overall Economy
U.S. Travel Association | July 15, 2024
WASHINGTON - Thursday’s Consumer Price Index (CPI) release for June reveals an encouraging trend: Inflation is easing across the board—and travel-related goods and services are at the forefront. For the second month in a row, prices throughout the travel sector have fallen, and at a steeper rate than the overall economy. According to the U.S. Travel calculated Travel Price Index (TPI), prices decreased an impressive 1.4% from the previous month, led by lower hotel, airline and gas prices. In contrast, the overall economy saw a modest 0.1% decrease, the first monthly decline since 2020. Comparisons month-to-month, year-over-year, and ...
