Revenue for Accommodation and Food Services, All Establishments, Employer and Nonemployer Firms
AAFSRAEEANF172 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,296,503.00
Year-over-Year Change
71.84%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures the total revenue generated by accommodation and food service establishments in the United States, including both employer and nonemployer firms.
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 Accommodation and Food Services, All Establishments, Employer and Nonemployer Firms metric provides a comprehensive view of economic activity in the hospitality and dining sectors. It is a key indicator used by economists and policymakers to analyze consumer spending and the overall health of the service industry.
Methodology
The data is collected through surveys of businesses in the accommodation and food services industries.
Historical Context
This revenue trend is closely monitored for insights into consumer behavior and the broader service economy.
Key Facts
- Covers revenue for hotels, restaurants, bars, and other food and lodging establishments.
- Includes both employer firms and nonemployer sole proprietorships.
- Provides a comprehensive view of the hospitality sector's economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by accommodation and food service establishments in the United States, including both employer and nonemployer firms.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator used by economists and policymakers to analyze consumer spending and the overall health of the service industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses in the accommodation and food services industries.
Q: How is this trend used in economic policy?
A: This revenue trend is closely monitored for insights into consumer behavior and the broader service economy.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule with minimal delays, providing timely insights into the hospitality sector.
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Citation
U.S. Federal Reserve, Revenue for Accommodation and Food Services, All Establishments, Employer and Nonemployer Firms (AAFSRAEEANF172), retrieved from FRED.