Expenses for Skiing Facilities, All Establishments, Employer Firms
SFEAEEF3271392 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,008.00
Year-over-Year Change
56.75%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures spending by U.S. ski facilities, a key indicator of winter tourism and outdoor recreation activity.
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 Expenses for Skiing Facilities metric tracks the total operating expenses reported by employer firms in the ski facility industry. It provides insight into the scale and health of the ski resort sector.
Methodology
The data is collected through surveys of U.S. businesses by the Census Bureau.
Historical Context
Ski facility expenses are closely watched by policymakers and investors to gauge consumer demand and the broader winter tourism economy.
Key Facts
- Ski facility expenses averaged $3.2 billion annually from 2010-2020.
- The industry saw a 23% drop in expenses in 2020 due to the COVID-19 pandemic.
- California, Colorado, and Utah account for over 60% of U.S. ski facility expenses.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total operating expenses reported by U.S. ski facilities, including ski resorts, lodges, and other winter recreation businesses.
Q: Why is this trend relevant for users or analysts?
A: Ski facility expenses provide insight into the health and growth of the winter tourism industry, an important part of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses by the Census Bureau.
Q: How is this trend used in economic policy?
A: Ski facility expenses are closely watched by policymakers and investors to gauge consumer demand and the broader winter tourism economy.
Q: Are there update delays or limitations?
A: The data is published annually with a lag of about 18 months from the reference year.
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Citation
U.S. Census Bureau, Expenses for Skiing Facilities, All Establishments, Employer Firms (SFEAEEF3271392), retrieved from FRED.