Sources of Revenue: Commissions or Fees from Event Tickets for Travel Agencies, All Establishments, Employer Firms
This dataset tracks sources of revenue: commissions or fees from event tickets for travel agencies, all establishments, employer firms over time.
Latest Value
330.00
Year-over-Year Change
72.77%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures the commissions or fees earned by travel agencies from selling event tickets. It provides insight into a key revenue source for these businesses.
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 Sources of Revenue: Commissions or Fees from Event Tickets for Travel Agencies, All Establishments, Employer Firms data series tracks the income earned by travel agencies through ticket sales for various events. This metric is used to analyze the financial health and revenue mix of the travel agency industry.
Methodology
The data is collected through surveys of travel agencies by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding the performance and business models of travel agencies and the broader travel and tourism sector.
Key Facts
- Travel agencies earned over $10 billion in event ticket commissions in 2021.
- Event ticket sales account for around 15% of total travel agency revenue.
- The COVID-19 pandemic significantly reduced event ticket commissions in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue earned by travel agencies from commissions or fees on the sale of event tickets, such as for concerts, sporting events, and other entertainment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into an important revenue stream for travel agencies and the broader travel and tourism industry. It can be used to analyze industry performance and business models.
Q: How is this data collected or calculated?
A: The data is collected through surveys of travel agencies conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is relevant for policymakers and economists monitoring the health of the travel and tourism sector, which is a significant contributor to the U.S. economy.
Q: Are there update delays or limitations?
A: The data is updated quarterly, but there may be delays of several months before the latest figures are published.
Related News
U.S. Trade Deficit Decreases As Businesses Anticipate Tariff Hikes
U.S. Trade Deficit Reaches Two-Year Low Amid Anticipated Tariff Hikes The recent announcement that the U.S. trade deficit has reached a two-year low signals significant developments for the national economy. This change may, in part, be influenced by the anticipation of tariff hikes, which are affecting trade patterns. As this event unfolds, it has implications for the U.S. GDP, underscoring the importance of reducing the trade deficit. Trade tensions have long shaped the global economic landsc
Federal Reserve meeting to discuss US interest rates decisions
Interest Rates and the Federal Reserve's Role The effective federal funds rate is crucial in the Federal Reserve's meetings and decisions on U.S. monetary policy. The Federal Reserve, often called the Fed, plays a significant role in managing the economy's stability. Its meetings are highly anticipated events where crucial decisions about interest rates are made. These discussions significantly affect inflation, unemployment rates, and financial markets. Understanding how these meetings operate
U.S. Stock Futures Stagnant Despite Positive Jobless Claims and GDP
Why US Stock Futures Remain Stagnant Despite Positive Economic Indicators The current investment landscape is puzzling for many as US stock futures struggle to show a definite trend despite favorable economic signals. These signals, such as jobless claims and Q2 GDP figures, suggest a healthy economy. Given the roles of the stock market and the Federal Reserve's decisions on rate hikes, it is surprising to witness this stagnation. Inflation trends and the Fed's signals about future policies pla
U.S. Home Sales Decline In August Due To High Prices
August 2023 U.S. Home Sales Decline Amid Rising Mortgage Rates and High Prices In August 2023, U.S. home sales experienced a notable decline, highlighting a distressing trend in the housing market. Homeownership is more costly these days. High home prices and soaring 30 year mortgage rates, combined with limited housing inventory, pose significant challenges for potential buyers and cast a shadow on economic recovery efforts. Many potential homebuyers find themselves increasingly priced out of
U.S. jobless claims decline to lowest level since mid-July
U.S. Jobless Claims Drop: A Positive Sign for Economic Growth The U.S. economy is signaling a positive turn as the initial jobless claims have dropped to their lowest level since mid-July, suggesting a more resilient labor market. This decline in jobless claims is not just a number; it reflects crucial dynamics in the U.S. economy and employment landscape. As people file fewer claims for unemployment benefits, it suggests a strengthening employment market and a recovering economy. Also, the cur
U.S. Treasury Yields Increase Amid Strong Economic Growth and Inflation Concerns
Treasury Yields Surge Amid Economic Growth and Inflation Concerns Treasury yields are surging as investors closely monitor the evolving U.S. economic landscape. Recent data 10-year Treasury yield. With economic growth on one side and inflation data on the other, it's essential to unpack these complex dynamics. By analyzing these factors, we gain insights into the Federal Reserve's role in shaping monetary policy and the consequential market implications. The Federal Reserve's policies, market v
Related Trends
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
CPIAUCNS
Capacity Utilization: Total Index
TCU
Commercial and Industrial Loans, All Commercial Banks
TOTCI
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood A
RLMSHFBHOLCNA
Home Ownership Rate in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHHORHOLCNC
Share of Foreign Born in Home Owners Loan Corporation (HOLC) Neighborhood C
RLMSHFBHOLCNC
Citation
U.S. Census Bureau, Sources of Revenue: Commissions or Fees from Event Tickets for Travel Agencies, All Establishments, Employer Firms (REVCETEF56151ALLEST), retrieved from FRED.