Largest travel costs increase since 2000

Monday, 27 Jan, 2005 0

Last December’s Travel Price Index, the TPI, rose 5.2% compared to a year earlier, reported the Travel Industry Association of America (TIA).

The TPI over the year was up 4.5% for the largest annual increase since 2000.

The major factor in the rise: gasoline prices, which went up more than 26% in one year.

Sectors of the travel industry that were costing less than a year ago included airline fares (down 2.9%).

Developed by the TIA, the Travel Price Index measures the seasonally unadjusted inflation rate of the cost of travel away from home in the US.

Report by David Wilkening



 

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