Total Revenue for Travel Arrangement and Reservation Services, Establishments Subject to Federal Income Tax
REV5615TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,953.00
Year-over-Year Change
49.28%
Date Range
10/1/2003 - 1/1/2025
Summary
This economic trend measures the total revenue generated by travel arrangement and reservation services establishments subject to federal income tax. It provides insight into the financial performance and health of the travel 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 Total Revenue for Travel Arrangement and Reservation Services metric tracks the quarterly revenue of businesses that facilitate travel bookings and reservations, such as travel agencies, tour operators, and online travel platforms. This data is used by economists and policymakers to analyze consumer spending patterns and the overall state of the travel and tourism sector.
Methodology
The data is collected through surveys of businesses subject to federal income tax.
Historical Context
This trend is closely monitored by government agencies, industry groups, and financial analysts to assess the economic conditions and outlook for the travel and tourism industry.
Key Facts
- The travel and reservation services industry generates over $300 billion in annual revenue in the U.S.
- This metric has shown significant volatility during major economic events and travel disruptions.
- Revenue in this sector is a leading indicator of consumer confidence and broader economic activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total quarterly revenue generated by businesses that provide travel arrangement and reservation services, such as travel agencies, tour operators, and online travel platforms.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into the financial performance and health of the travel and tourism industry, which is a significant contributor to the U.S. economy. It is closely monitored by economists, policymakers, and industry analysts to assess consumer spending patterns and the overall economic outlook.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses subject to federal income tax that provide travel arrangement and reservation services.
Q: How is this trend used in economic policy?
A: This trend is used by government agencies, industry groups, and financial analysts to assess the economic conditions and outlook for the travel and tourism sector, which has important implications for policy decisions related to consumer spending, transportation, and the service industry.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a typical delay of 2-3 months from the end of the reference period. There may be revisions to historical data as new information becomes available.
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Citation
U.S. Federal Reserve, Total Revenue for Travel Arrangement and Reservation Services, Establishments Subject to Federal Income Tax (REV5615TAXABL144QNSA), retrieved from FRED.