The US Travel Association's Travel Price Index (TPI) measures the cost of travel away from home. The most recent data shows airline fares fell for the third consecutive month and are almost 8% lower than at the same time last year. Hotel prices also fell for the second month in a row, down 0.2% and 2.4% lower than the previous year. Energy prices have also declined, and gas is almost 12% cheaper than it was last year. In both the short and long term, prices of travel-related goods and services remain attractive to consumers and have increased at a slower rate than the broader economy.
