Revenue for RV (Recreational Vehicle) Parks and Recreational Camps, All Establishments, Employer Firms
This dataset tracks revenue for rv (recreational vehicle) parks and recreational camps, all establishments, employer firms over time.
Latest Value
8599.00
Year-over-Year Change
73.68%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures revenue for recreational vehicle (RV) parks and camps operated by employer firms in the United States. It provides insight into the financial health and consumer demand within the outdoor 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 RV Parks and Recreational Camps metric tracks the total sales and receipts for establishments primarily engaged in operating RV parks and recreational camps. This data point is used by economists and policymakers to analyze consumer spending patterns, leisure and tourism trends, and the overall state of the outdoor recreation sector.
Methodology
The data is collected through surveys of employer firms in the RV park and recreational camp industry.
Historical Context
This metric is closely watched by businesses, investors, and policymakers to gauge consumer behavior and the broader health of the travel and tourism industry.
Key Facts
- RV parks and recreational camps generated over $5 billion in revenue in the U.S. in 2021.
- The outdoor hospitality industry has seen steady growth over the past decade.
- Consumer demand for RV travel and camping spiked during the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue or sales and receipts for establishments primarily engaged in operating recreational vehicle (RV) parks and recreational camps in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into consumer spending patterns, leisure and tourism trends, and the overall health of the outdoor hospitality industry, which is closely watched by businesses, investors, and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employer firms in the RV park and recreational camp industry.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to analyze consumer behavior and the broader travel and tourism industry, which can inform decisions related to economic policy, infrastructure investment, and support for the outdoor recreation sector.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in reporting due to the survey collection process.
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Citation
U.S. Federal Reserve, Revenue for RV (Recreational Vehicle) Parks and Recreational Camps, All Establishments, Employer Firms (RVPARCRAEE27212), retrieved from FRED.