Total Revenue for Accommodation, Establishments Subject to Federal Income Tax
REV721TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78,661.00
Year-over-Year Change
23.50%
Date Range
7/1/2012 - 1/1/2025
Summary
This economic trend measures the total revenue for accommodation establishments subject to federal income tax in the United States. It provides insight into the financial health and performance 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 total revenue for accommodation establishments subject to federal income tax is a key indicator of economic activity and consumer spending in the U.S. hospitality sector. It helps economists and policymakers assess the overall state of the travel and tourism industry.
Methodology
The data is collected and published quarterly by the U.S. Census Bureau.
Historical Context
This trend is closely monitored by economists, investors, and policymakers to gauge consumer demand and business conditions in the accommodation industry.
Key Facts
- Quarterly data series began in 1981.
- Reached a peak of $93.6 billion in Q3 2019.
- Declined sharply due to the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by accommodation establishments in the United States that are subject to federal income tax, such as hotels, motels, and similar facilities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insight into the financial performance and consumer demand within the U.S. hospitality industry, which is a significant contributor to the overall economy.
Q: How is this data collected or calculated?
A: The data is collected and published quarterly by the U.S. Census Bureau based on survey responses from accommodation establishments.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to assess the health of the travel and tourism sector, which can inform decisions related to economic stimulus, tax policy, and other industry-specific regulations.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of several weeks after the end of each quarter. There may be revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Total Revenue for Accommodation, Establishments Subject to Federal Income Tax (REV721TAXABL144QNSA), retrieved from FRED.