According to the U.S. Bureau of Labor Statistics, prices for lodging away from home were 4.39% lower in 2020 versus 2018 (a $4.39 difference in value).
Between 2018 and 2020: Travel lodging experienced an average inflation rate of -2.22% per year. This rate of change indicates significant deflation. In other words, travel lodging costing $100 in the year 2018 would cost $95.61 in 2020 for an equivalent purchase. Compared to the overall inflation rate of 1.37% during this same period, inflation for travel lodging was significantly lower.
Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Lodging away from home:
Below are calculations of equivalent buying power for Travel lodging, over time, for $100 beginning in 2018. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|