Total Revenue for Scenic and Sightseeing Transportation, Establishments Subject to Federal Income Tax
REV487TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
937.00
Year-over-Year Change
29.60%
Date Range
1/1/2010 - 1/1/2025
Summary
This economic trend measures the total revenue generated by scenic and sightseeing transportation establishments subject to federal income tax. It provides insight into the financial performance and demand for these tourism-related services.
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 total revenue for scenic and sightseeing transportation tracks the sales and receipts of businesses engaged in providing tourist transportation services, such as sightseeing buses, excursion boats, and helicopter rides. This metric is used by economists and policymakers to gauge the health of the tourism industry and consumer demand for discretionary leisure activities.
Methodology
The data is collected through quarterly surveys of businesses subject to federal income tax.
Historical Context
This trend is closely monitored by tourism boards, transportation companies, and economic analysts to assess the state of the travel and leisure sector.
Key Facts
- This metric covers a wide range of tourist transportation services.
- Revenues can fluctuate based on economic conditions and consumer confidence.
- Analyzing this trend provides insights into the health of the leisure and hospitality sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by businesses providing scenic and sightseeing transportation services, such as sightseeing buses, excursion boats, and helicopter rides.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial performance and demand for tourism-related transportation services, which is a key indicator of the health and growth of the leisure and hospitality sector.
Q: How is this data collected or calculated?
A: The data is collected through quarterly surveys of businesses subject to federal income tax.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by tourism boards, transportation companies, and economic analysts to assess the state of the travel and leisure sector and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released quarterly, so there may be a short delay in reflecting the most recent economic conditions.
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Citation
U.S. Federal Reserve, Total Revenue for Scenic and Sightseeing Transportation, Establishments Subject to Federal Income Tax (REV487TAXABL144QNSA), retrieved from FRED.