According to the U.S. Bureau of Labor Statistics, prices for lodging away from home were 9.92% lower in 2021 versus 2016 (a $9.92 difference in value).
Between 2016 and 2021: Travel lodging experienced an average inflation rate of -2.07% per year. This rate of change indicates significant deflation. In other words, travel lodging costing $100 in the year 2016 would cost $90.08 in 2021 for an equivalent purchase. Compared to the overall inflation rate of 1.86% during this same period, inflation for travel lodging was significantly lower.
In the year 2016: Pricing changed by 3.32%, which is significantly above the average yearly change for travel lodging during the 2016-2021 time period. Compared to inflation for all items in 2016 (1.26%), inflation for travel lodging was higher.
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 2016. Each of the amounts below is equivalent in terms of what it could buy at the time:
|Year||USD Value||Inflation Rate|