Sources of Revenue: Commissions or Fees from Packaged Tours for All Other Travel Arrangement and Reservation Services, All Establishments, Employer Firms
This dataset tracks sources of revenue: commissions or fees from packaged tours for all other travel arrangement and reservation services, all establishments, employer firms over time.
Latest Value
325.00
Year-over-Year Change
43.17%
Date Range
1/1/2013 - 1/1/2017
Summary
This economic trend measures the revenue from commissions or fees related to packaged tours for all other travel arrangement and reservation services, across all U.S. employer establishments. It provides insight into the financial performance of the travel and tourism 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 Sources of Revenue: Commissions or Fees from Packaged Tours for All Other Travel Arrangement and Reservation Services, All Establishments, Employer Firms trend tracks the revenue generated by travel agencies, tour operators, and other firms that arrange and sell packaged tours. This metric is used to analyze the health and trends within the broader travel and tourism sector.
Methodology
The data is collected through surveys of U.S. employer establishments.
Historical Context
This trend is relevant for policymakers, economists, and industry analysts seeking to understand the financial dynamics of the travel and tourism industry.
Key Facts
- The travel and tourism industry accounts for over 5% of U.S. GDP.
- Revenue from packaged tours represents a significant portion of total travel industry revenue.
- This metric has shown volatility in recent years due to the impact of the COVID-19 pandemic on the travel sector.
FAQs
Q: What does this economic trend measure?
A: This trend measures the revenue generated by commissions or fees from packaged tours for all other travel arrangement and reservation services across U.S. employer establishments.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial performance of the travel and tourism industry, which is a key sector of the U.S. economy. It is useful for policymakers, economists, and industry analysts to understand trends and changes in this revenue stream.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. employer establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers and economists to monitor the health and financial performance of the travel and tourism industry, which can inform economic policies and stimulus measures.
Q: Are there update delays or limitations?
A: There may be some delays in the release of this data, as it is collected through survey-based methods. Additionally, the data may not capture the full extent of the travel and tourism industry, as it only includes employer establishments.
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Citation
U.S. Census Bureau, Sources of Revenue: Commissions or Fees from Packaged Tours for All Other Travel Arrangement and Reservation Services, All Establishments, Employer Firms (REVCPTEF561599ALLEST), retrieved from FRED.