According to the U.S. Bureau of Labor Statistics, prices for lodging away from home are 28.08% higher in 2024 versus 2020 (a $28.08 difference in value).
Between 2020 and 2024: Travel lodging experienced an average inflation rate of 6.38% per year. This rate of change indicates significant inflation. In other words, travel lodging costing $100 in the year 2020 would cost $128.08 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 4.89% during this same period, inflation for travel lodging was higher.
In the year 2020: Pricing changed by -10.23%, which is significantly below the average yearly change for travel lodging during the 2020-2024 time period. Compared to inflation for all items in 2020 (1.23%), inflation for travel lodging was much lower.
Below are calculations of equivalent buying power for Travel lodging, over time, for $100 beginning in 2020. Each of the amounts below is equivalent in terms of what it could buy at the time:
| Year | USD Value | Inflation Rate |
|---|---|---|
| 2020 | $100.00 | -10.23% |
| 2021 | $109.74 | 9.74% |
| 2022 | $121.75 | 10.95% |
| 2023 | $126.98 | 4.29% |
| 2024 | $128.08 | 0.87%* |
* 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 | 2024 |
| 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 | 189.095 | 190.738 |