This first of its kind forward-looking report -- based on 30 billion global online lodging searches from 5,000 consumer travel websites (representing nearly 60 percent of all global lodging searches and conversions) is aggregated exclusively for U.S. Travel by nSight.
Travel is essential to the American economy, providing an indispensable source of job creation. The travel industry is unique: it is highly dependent on human labor, generally immune to outsourcing and plays a key role in international trade.
Developed by the U.S. Travel Association, the Travel Price Index (TPI) measures the one-month change in the cost of travel ("travel inflation") away from home in the United States on a seasonally adjusted basis and the 12-month change of the cost of travel away from home in the U.S. on a seasonally unadjusted basis. The TPI is released monthly and is directly comparable to the CPI.