{"id":471,"date":"2013-12-20T10:11:53","date_gmt":"2013-12-20T15:11:53","guid":{"rendered":"http:\/\/www.whitehutchinson.com\/blog\/?p=471"},"modified":"2013-12-20T10:11:53","modified_gmt":"2013-12-20T15:11:53","slug":"travel-expenditures-since-2005-and-the-great-recession","status":"publish","type":"post","link":"https:\/\/www.whitehutchinson.com\/blog\/2013\/12\/travel-expenditures-since-2005-and-the-great-recession\/","title":{"rendered":"Travel expenditures since 2005 and the Great Recession"},"content":{"rendered":"

Earlier this year The Bureau of Labor Statistics<\/i> at TED: The Editor\u2019s <\/i>Desk<\/i> posted a graph on their website showing \u201cTravel expenditures during the recent recession, 2005-2011<\/a>.\u201d The post stated that 2011 average annual consumer expenditures for travel for pleasure was down 6% from its peak in 2007. When we looked at the data used to generate the graph, we were surprised that it was not inflation-adjusted. Between 2007 and 2011, inflation (the consumer price index) showed that consumer prices had increased by 8.5%.<\/p>\n

So to set the record start, we have redone the graph with all expenditures adjusted for inflation and also included 2012 data.<\/p>\n

\"Travel<\/a><\/p>\n

When adjusted for inflation, the drop in travel expenditures was much greater than the Bureau<\/em> reported. From its peak in 2007, average household total pleasure travel expenses in 2011 were down 14%, not 6%. Food and beverage was down 9%, lodging down 10%, transportation was down 14% and entertainment fees and admissions (from its peak in 2006) were down 21%.<\/p>\n

There was an uptick in expenditures in 2012, but travel expenditures are still down from their peaks:<\/p>\n

Total travel expenditures: \u00a0-9% from 2007<\/p>\n

Food and beverage: \u00a0-5% from 2007<\/p>\n

Lodging: \u00a0-10% from 2007<\/p>\n

Transportation: \u00a0-9% from 2007<\/p>\n

Entertainment: \u00a0-20% from 2006<\/p>\n","protected":false},"excerpt":{"rendered":"

Earlier this year The Bureau of Labor Statistics posted a graph showing that 2011 household travel expenditures had decreased 6% from their peak in 2007. However, they didn’t adjust for inflation. The decrease is actually much more severe. Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[160,48,142,161],"tags":[167,318,163,11,79,168,164,82,166,165,162],"class_list":["post-471","post","type-post","status-publish","format-standard","hentry","category-consumer-expenditures","category-eatertainment","category-staycations","category-travel-expenditures","tag-admissions","tag-consumer","tag-decrease","tag-entertainment","tag-expenditures","tag-fees","tag-great-recession","tag-household","tag-lodging","tag-transportation","tag-travel"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p4dB0k-7B","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.whitehutchinson.com\/blog\/wp-json\/wp\/v2\/posts\/471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.whitehutchinson.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.whitehutchinson.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.whitehutchinson.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.whitehutchinson.com\/blog\/wp-json\/wp\/v2\/comments?post=471"}],"version-history":[{"count":2,"href":"https:\/\/www.whitehutchinson.com\/blog\/wp-json\/wp\/v2\/posts\/471\/revisions"}],"predecessor-version":[{"id":474,"href":"https:\/\/www.whitehutchinson.com\/blog\/wp-json\/wp\/v2\/posts\/471\/revisions\/474"}],"wp:attachment":[{"href":"https:\/\/www.whitehutchinson.com\/blog\/wp-json\/wp\/v2\/media?parent=471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.whitehutchinson.com\/blog\/wp-json\/wp\/v2\/categories?post=471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.whitehutchinson.com\/blog\/wp-json\/wp\/v2\/tags?post=471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}