Survey: Activity in Texas service industry accelerates but f

Survey: Activity in Texas service industry accelerates but finding workers a struggle


Survey: Activity in Texas service industry accelerates but finding workers a struggle
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Visitors crowd the River Walk in San Antonio on March 18, 2021.Eric Gay /Associated Press
Activity in Texas’ struggling service industry accelerated in March at its fastest pace since mid-2019 as visitors returned to hotels and restaurants and businesses recovered from February’s winter storm, a survey by the Federal Reserve Bank of Dallas indicates.
The revenue index — a key measure of the sector’s health — jumped from 2.6 in February to 21.6 last month, signaling an uptick in revenues.
“We are seeing travel picking up,” one respondent wrote, citing spring break and the NCAA women’s basketball tournament. “We are hoping for group business in hotels to continue to increase.”

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