According to the U.S. Bureau of Labor Statistics, prices for lodging away from home are 25.83% higher in 2023 versus 2015 (a $25.83 difference in value).
Between 2015 and 2023: Travel lodging experienced an average inflation rate of 2.91% per year. This rate of change indicates significant inflation. In other words, travel lodging costing $100 in the year 2015 would cost $125.83 in 2023 for an equivalent purchase. Compared to the overall inflation rate of 3.17% during this same period, inflation for travel lodging was lower.
In the year 2015: Pricing changed by 3.07%, which is above the average yearly change for travel lodging during the 2015-2023 time period. Compared to inflation for all items in 2015 (0.12%), inflation for travel lodging was higher.
Below are calculations of equivalent buying power for Travel lodging, over time, for $100 beginning in 2015. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|
* 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: