Arizona Tourism Cost Index
The cost to Mexican visitors of traveling in Arizona's major metro areas has risen rapidly since mid-2014. The Arizona-Mexico Tourism Cost Index, calculated separately for the Phoenix metro and the Tucson metro, reflects costs likely faced by Mexican visitors to the state. The index is composed of three major components of tourism expenditures: hotel room rates, gasoline prices, and food away from home. All price data were seasonally adjusted then converted to Mexican pesos using the monthly U.S. dollar exchange rate.
Sources and notes: Hotel room rates used to calculate the index, Smith Travel Research (STR); Phoenix and Tucson metro regular unleaded gasoline price data, AAA; food away from home prices are for the nation as a whole, U.S. Bureau of Labor Statistics; monthly U.S. dollar exchange rate, Board of Governors of the Federal Reserve System. Index calculated by the Economic and Business Research Center.