Type of Submission
Invited Article
Abstract
In the United States, individuals spend more than half of their food expenditures on food away from home (FAFH), and this trend is growing. This study aims to examine the factors that impact FAFH from a macroeconomic perspective. Macroeconomic and FAFH spending data from January 1997 to February 2020 were obtained from the various databases. The results reveal that the unemployment rate, Consumer Price Index (CPI), stock index, and oil price had a significant negative influence on both nominal and constant FAFH spending percentage, and oil price had a significant positive influence on constant FAFH spending percentage. This study contributes to the literature by concentrating on FAFH consumption, given that the extant literature focuses on household overall spending patterns. It also provides policymakers a better understanding of FAFH activities that are related to small business viability and community development.
DOI
https://doi.org/10.7275/qgpk-5z07
Recommended Citation
Lin, Michael S.; Jung, Inhaeng N.; and Huang, Yidan
(2021)
"Factors Impacting Food Away from Home (FAFH) Spending in the United States: A Macroeconomic Perspective,"
Journal of Hospitality Financial Management: Vol. 29:
Iss.
1, Article 5.
DOI: https://doi.org/10.7275/qgpk-5z07
Available at:
https://scholarworks.umass.edu/jhfm/vol29/iss1/5
Included in
Corporate Finance Commons, Finance and Financial Management Commons, Food and Beverage Management Commons, Gaming and Casino Operations Management Commons, Real Estate Commons, Tourism and Travel Commons