Total Revenue for Scenic and Sightseeing Transportation, Land, Establishments Subject to Federal Income Tax, Employer Firms
REVEF4871TAXABL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,170.00
Year-over-Year Change
29.57%
Date Range
1/1/2009 - 1/1/2022
Summary
This economic trend measures the total revenue generated by land-based 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, Land, Establishments Subject to Federal Income Tax, Employer Firms series tracks the total operating revenue earned by businesses in this industry. It is a key indicator of economic activity and consumer spending patterns in the tourism and leisure sectors.
Methodology
The data is collected through surveys of businesses by the U.S. Census Bureau.
Historical Context
This metric is used by economists, policymakers, and industry analysts to assess the state of the tourism industry and consumer discretionary spending.
Key Facts
- The series dates back to 1998.
- Revenue peaked in 2019 before declining due to the COVID-19 pandemic.
- Land-based scenic and sightseeing transportation accounts for over 60% of total U.S. sightseeing revenue.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by land-based scenic and sightseeing transportation establishments in the United States that are subject to federal income tax.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial performance and consumer demand for tourism-related transportation services, which is an important indicator of economic activity and consumer discretionary spending.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and industry analysts use this metric to assess the state of the tourism industry and consumer spending patterns, which can inform economic policies and business decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several months, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Total Revenue for Scenic and Sightseeing Transportation, Land, Establishments Subject to Federal Income Tax, Employer Firms (REVEF4871TAXABL), retrieved from FRED.