Travel lodging price inflation, 2008→2023

Travel Lodging Inflation Calculator

Prices for Travel Lodging, 2008-2023 ($100)

According to the U.S. Bureau of Labor Statistics, prices for lodging away from home are 31.43% higher in 2023 versus 2008 (a $31.43 difference in value).

Between 2008 and 2023: Travel lodging experienced an average inflation rate of 1.84% per year. In other words, travel lodging costing $100 in the year 2008 would cost $131.43 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 2.27% during this same period, inflation for travel lodging was lower.

In the year 2008: Pricing changed by 0.60%, which is below the average yearly change for travel lodging during the 2008-2023 time period. Compared to inflation for all items in 2008 (3.84%), inflation for travel lodging was much lower.

Price Inflation for Lodging away from home since 1997

Consumer Price Index, U.S. Bureau of Labor Statistics

Years with the largest changes in pricing: 2022 (10.95%), 2020 (-10.23%), and 2021 (9.74%).

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Buying power of $100.00 since 2008

Below are calculations of equivalent buying power for Travel lodging, over time, for $100 beginning in 2008. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year	USD Value	Inflation Rate
2008	$100.00	0.60%
2009	$93.44	-6.56%
2010	$93.03	-0.44%
2011	$95.64	2.80%
2012	$97.81	2.27%
2013	$99.15	1.36%
2014	$103.33	4.22%
2015	$106.50	3.07%
2016	$110.03	3.32%
2017	$110.94	0.83%
2018	$112.12	1.06%
2019	$115.47	2.99%
2020	$103.66	-10.23%
2021	$113.75	9.74%
2022	$126.20	10.95%
2023	$131.43	4.14%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Lodging away from home:

Year	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
CPI	100.000	109.008	112.308	117.485	118.631	118.323	119.277	125.862	130.300	135.977	142.813	143.664	134.243	133.656	137.401	140.521	142.439	148.452	153.003	158.080	159.387	161.072	165.888	148.916	163.422	181.309	188.814

Adjust travel lodging prices for inflation

Start with the inflation rate formula:

CPI in 2023 / CPI in 2008 * 2008 USD value = 2023 USD value

Then plug in historical CPI values from above. The CPI for Lodging away from home was 143.664 in the year 2008 and 188.814 in 2023:

188.814 / 143.664 * $100 = $131.43

Therefore, according to U.S. Bureau of Labor Statistics, $100 in 2008 has the same "purchasing power" as $131.43 in 2023 (in the CPI category of Lodging away from home).

Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Lodging away from home in 1997. In addition to travel lodging, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.