Total Revenue for Traveler Accommodation, Establishments Subject to Federal Income Tax
REV7211TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76,550.00
Year-over-Year Change
24.53%
Date Range
7/1/2012 - 1/1/2025
Summary
This economic indicator tracks total revenue for traveler accommodation establishments subject to federal income tax in the United States. It provides insights into the performance and trends within 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 Traveler Accommodation, Establishments Subject to Federal Income Tax metric represents the total gross revenue generated by hotels, motels, and other lodging facilities that are required to pay federal income taxes. This data series is a key barometer of economic activity and consumer demand in the travel and tourism sector.
Methodology
The data is collected and published quarterly by the U.S. Census Bureau through surveys of businesses.
Historical Context
This indicator is closely monitored by policymakers, industry analysts, and investors to assess the health of the hospitality market and broader consumer spending patterns.
Key Facts
- Covers hotels, motels, and other lodging establishments.
- Reported quarterly by the U.S. Census Bureau.
- Provides insights into consumer demand for travel and tourism.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total revenue generated by traveler accommodation establishments that are subject to federal income tax, such as hotels, motels, and other lodging facilities.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and consumer demand in the travel and tourism industry, which is a significant driver of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected and published quarterly by the U.S. Census Bureau through surveys of businesses in the traveler accommodation industry.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and investors closely monitor this indicator to assess the health of the hospitality market and broader consumer spending patterns, which can inform economic policies and investment decisions.
Q: Are there update delays or limitations?
A: The data is reported quarterly, so there may be a delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Total Revenue for Traveler Accommodation, Establishments Subject to Federal Income Tax (REV7211TAXABL144QNSA), retrieved from FRED.