Visit TIA: www.tia.org
www.tia.org
|
Travel Prices Increase in May
|
Washington, DC � June 2004 � The Travel Industry Association of America�s (TIA) May 2004 Travel Price Index (TPI) was up 5.6 percent compared to May 2003 - the largest year-over-year increase in the Index since September 2000. Lodging prices rose 5.2 percent from twelve months ago. Airfares, on the other hand, declined 1.2 percent during the same period. Motor fuel prices jumped 29.9 percent against May 2003 and 9.4 percent over the previous month. Overall inflation as measured by the Consumer Price Index (CPI-U) increased more slowly than the TPI, rising 3.1 percent from one year earlier.

Developed by TIA, the TPI measures the seasonally unadjusted inflation rate of the cost of travel away from home in the United States. TPI is released monthly and is directly comparable to the CPI.
|

Economic Research: Travel Price Index � May 2004
Industry 
May
2004
Previous Month
Previous Year
% Change Previous Month
% Change Previous Year
% Change YTD
Recreation Services
210.5
210.9
208.1
-0.2
1.1
1.2
Food & Beverage
188.9
188.4
183.6
0.3
2.9
2.8
Alcohol Away From Home
235.3
234.4
227.4
0.3
2.9
2.8
Food Away From Home
186.7
186.2
181.5
0.3
2.9
2.8
Other Lodging (Includes Hotel/Motel)
270.9
273.0
257.5
-0.8
5.2
4.9
Transportation
194.8
187.3
173.8
4.0
12.1
4.7
Airline Fares
230.5
232.4
233.3
-0.8
-1.2
0.5
Intracity Public Transportation
209.3
207.5
201.0
0.9
4.1
9.6
Motor Fuel
170.5
155.9
131.3
9.4
29.9
10.2
Other Intercity Transportation
144.8
146.1
151.3
-0.9
-4.3
-5.6
CPI-U
189.1
188.0
183.5
0.6
3.1
2.1
TPI
213.2
211.6
201.8
0.7
5.6
3.8
|
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 $529 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.
|
Contact:
Cathy Keefe (Manager, Media Relations)
202-408-2183
ckeefe@tia.org , www.tia.org
|
Travel Industry Association of America
1100 New York Avenue, NW, Suite 450, Washington, DC 20005-3934, 202-408-8422, Fax 202-408-1255
TIA Home Page | Members & Subscribers | International Pow Wow | Marketing Programs | SeeAmerica.org
Meetings & Events | Sponsorship Opportunities | About TIA | Research | Publications | Tourism Awareness Resources
|Press & Communications | National Councils | Government Affairs | Career Opportunities | Contact Us | Sitemap|

�Service of Hospitality 1ST and Subscribing Members�
Placement Dates: 06/30/04 � 08/30/04
|
Press-News Index||||||||Home||||||||Employment Index
Small Business Hospitality Association (SBHA)