Housing costs matter much more to household budgets than short-term lodging costs: Shares of average household personal consumption expenditures devoted to housing vs. short-term travel accommodations, 1979, 2000, and 2016

Short-term accommodations Housing
1979 0.59% 13.72%
2000 0.81% 14.88%
2016 0.95% 15.75%

Note: The housing price index includes both long-term rentals as well as imputed rents for owner-occupied housing.

Source: Author’s analysis of Bureau of Economic Analysis National Income and Product Accounts (NIPA) Table 2.5.5

View the underlying data on epi.org.