Travel costs fell in April, but the dip may be short-lived

U.S. prices for airfare, hotel rooms and rental cars declined in April, according to the consumer price index

May 12, 2023

Typical trip costs increased by 9% in the first quarter of 2023, according to the NerdWallet Travel Price Index, which includes prices for flights, hotels, car rentals and dining out. But travelers saw a reprieve in April, according to federal data.

Key takeaways

  • Airline ticket prices declined by 2.6% in April relative to March, according to the consumer price index;
  • Hotel and motel prices, as well as those to rent a car or truck, each fell by more than 3% during the month;
  • The April reprieve may be temporary in some categories, though. Round-trip domestic airfare, for example, will jump by 7% in May and another 5% in June, according to a forecast by Hopper.

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