Revenue for Hotels (Except Casino Hotels) and Motels, All Establishments, Employer Firms
HCHAMRAEEF272111 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
221,036.00
Year-over-Year Change
53.70%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures revenue for hotels (except casino hotels) and motels across all employer firms in the United States. It provides important insights into the performance and health of the hospitality industry.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Revenue for Hotels (Except Casino Hotels) and Motels, All Establishments, Employer Firms series tracks the total revenue generated by non-casino hotels and motels, including room rentals, food and beverage sales, and other services. This metric is a key indicator of consumer and business demand for accommodation services.
Methodology
The data is collected through surveys of hotel and motel establishments by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and investors to gauge the strength of the travel and tourism sectors.
Key Facts
- Hotels and motels account for over $200 billion in annual revenue in the U.S.
- The hospitality industry employs over 8 million people nationwide.
- Revenue for non-casino hotels and motels has grown by 30% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by hotels (except casino hotels) and motels across all employer firms in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the performance and health of the hospitality industry, which is a key driver of economic activity and employment.
Q: How is this data collected or calculated?
A: The data is collected through surveys of hotel and motel establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, industry analysts, and investors to gauge the strength of the travel and tourism sectors and inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Revenue for Hotels (Except Casino Hotels) and Motels, All Establishments, Employer Firms (HCHAMRAEEF272111), retrieved from FRED.