Real Gross Domestic Product: Other Services (Except Government and Government Enterprises) (81) in Hawaii
Quarterly, Seasonally Adjusted Annual Rate
HIOTHSERVERQGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,854.90
Year-over-Year Change
-6.77%
Date Range
1/1/2005 - 1/1/2025
Summary
The Quarterly, Seasonally Adjusted Annual Rate (HIOTHSERVERQGSP) measures the gross output of the hotel and other accommodation services industry in the United States. It is a key indicator of economic activity and consumer demand in the hospitality sector.
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 Quarterly, Seasonally Adjusted Annual Rate (HIOTHSERVERQGSP) provides a comprehensive measure of the total gross output generated by the hotel and other accommodation services industry. It captures the value of goods and services produced, including room rentals, food and beverage sales, and other revenue streams. This metric is closely watched by economists, policymakers, and industry analysts to gauge the health and trajectory of the hospitality sector.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry surveys and national accounts data.
Historical Context
The HIOTHSERVERQGSP trend is widely used to inform economic policy decisions and investment strategies related to the hospitality and tourism industries.
Key Facts
- The hotel and other accommodation services industry accounts for over $300 billion in annual gross output.
- Quarterly, Seasonally Adjusted Annual Rate has shown steady growth since the COVID-19 pandemic disruptions.
- The hospitality sector is a significant contributor to overall U.S. economic activity and employment.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Seasonally Adjusted Annual Rate (HIOTHSERVERQGSP) measures the total gross output of the hotel and other accommodation services industry in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, policymakers, and industry analysts as a key indicator of economic activity and consumer demand in the hospitality sector.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using industry surveys and national accounts data.
Q: How is this trend used in economic policy?
A: The HIOTHSERVERQGSP trend is widely used to inform economic policy decisions and investment strategies related to the hospitality and tourism industries.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a typical delay of 2-3 months from the end of the reference period.
Related Trends
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Industrial Carbon Dioxide Emissions, All Fuels for Hawaii
EMISSCO2TOTVICTOHIA
Chain-Type Quantity Index for Real GDP: Private Goods-Producing Industries in Hawaii
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Regional Price Parities: Goods: Nonmetropolitan Portion for Hawaii
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Citation
U.S. Federal Reserve, Quarterly, Seasonally Adjusted Annual Rate (HIOTHSERVERQGSP), retrieved from FRED.