travel price index
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 Remain Stable Through July
U.S. Travel Association | August 15, 2024
The U.S. Bureau of Labor Statistics Consumer Price Index release for July reflected a continuation of the encouraging trend of stable prices both for consumers overall and for travelers. Overall prices rose slightly for the month, while travel related prices were flat. “Overall, comparisons month-to-month, year-over-year, and against pre-COVID-19 levels all show today’s prices are more favorable for travelers,” said Joshua Friedlander, Vice President of Research at the U.S. Travel Association. According to the U.S. Travel Association-calculated Travel Price Index (TPI), prices were on average the same in July as for the prior m...
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 ...
The Economic Rollercoaster
Aaron Szyf | October 16, 2023
By Aaron Szyf It seems like we’re on an economic rollercoaster right now and the big question is when we get off. When does inflation cool? We dig into the latest data to help determine if a soft landing really is where we’re heading. After renewed expectations of a recession in recent weeks, as summarized in our earlier blog, it now seems like the prospects of a “soft landing” have increased. Shocking jobs data: Last Friday, BLS surprised economists when it announced that the economy added 336,000 jobs in September, way above the 170,000 increase that was expected and above the monthly average of 267,000 over the past ye...
