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TIA Reports: Travel Price Index Up 4.5 Percent In 2004
TIA Reports: Travel Price Index Up 4.5 Percent In 2004
Washington, DC � January 2005 � The December Travel Price Index, the TPI, rose 5.2 percent compared to December 2003. Over the twelve month period ending in December 2004, the Index was up 4.5 percent - the largest annual increase since 2000. Gasoline prices, which jumped 26.1 percent from one year ago and 18.1 percent for the year to date, were a major factor. Lodging prices also increased, up 5.0 percent compared to December 2003 and 5.2 percent over the course of the year. However, because demand was relatively weak, airfares declined 1.8 percent during 2004. The Consumer Price Index, or CPI-U, rose 3.3 percent against December 2003 and 2.7 percent for the year to date.

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.
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Economic Research: Travel Price Index � December 2004
Industry December
2004		 Previous Month Previous Year % Change Previous Month % Change Previous Year % Change YTD
Recreation Services 209.9 210.3 208.3 -0.2 0.7 1.0
Food And Beverage 192.2 191.9 186.5 0.2 3.1 3.0
Alcohol Away From Home 240.9 240.1 232.0 0.3 3.8 3.5
Food Away From Home 189.9 189.6 184.3 0.2 3.0 3.0
Other Lodging (Includes Hotel/Motel) 248.5 255.5 236.6 -2.7 5.0 5.2
Transportation 185.1 193.8 167.6 -4.5 10.5 7.0
Airline Fares 219.7 226.2 223.1 -2.9 -1.5 -1.8
Intracity Public Transportation 211.9 211.8 204.1 0.0 3.8 5.9
Motor Fuel 161.2 171.9 127.8 -6.2 26.1 18.1
Other Intercity Transportation 144.6 142.8 147.0 1.3 -1.6 -2.4
CPI-U 190.3 191.0 184.3 -0.4 3.3 2.7
TPI 206.1 210.1 195.9 -1.9 5.2 4.5
Base year for index: 1982-84=100
Sources: Travel Industry Association of America and U.S. Department of Labor
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Travel Industry Association of America
TIA (www.tia.org) is the national, non-profit organization representing all components of the $555 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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Contact:
Cathy Keefe (Manager, Media Relations)
202-408-2183
ckeefe@tia.org , www.tia.org
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Travel Industry Association of America
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