Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Travel Arrangement and Reservation Services (NAICS 5615) in the United States
IPUPN5615T300000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90,606.10
Year-over-Year Change
151.93%
Date Range
1/1/1997 - 1/1/2024
Summary
This economic trend measures the output and production levels of the travel arrangement and reservation services sector in the United States. It provides valuable insights into the health and activity of this important 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 Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Travel Arrangement and Reservation Services (NAICS 5615) in the United States tracks the production and operations of businesses involved in travel booking, ticketing, and related services. This data point is a key indicator of consumer and business demand for these services.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of businesses in this sector.
Historical Context
This trend is closely monitored by policymakers, industry analysts, and economists to gauge the state of the travel and tourism industry.
Key Facts
- The travel arrangement and reservation services sector accounts for over $100 billion in annual economic output.
- This industry includes travel agencies, tour operators, and online booking platforms.
- Output in this sector is closely tied to consumer spending and business investment in travel.
FAQs
Q: What does this economic trend measure?
A: This trend measures the output and production levels of businesses in the travel arrangement and reservation services sector in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides key insights into the health and activity of the travel and tourism industry, which is an important driver of economic growth.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects this data through surveys of businesses in the travel arrangement and reservation services sector.
Q: How is this trend used in economic policy?
A: Policymakers, industry analysts, and economists closely monitor this trend to gauge consumer and business demand for travel-related services.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delay in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Sectoral Output for Administrative and Support and Waste Management and Remediation Services: Travel Arrangement and Reservation Services (NAICS 5615) in the United States (IPUPN5615T300000000), retrieved from FRED.