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