Breakdown of Revenue by Type of Customer: Business for Tour Operators, All Establishments, Employer Firms
RPCBUSEF56152ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,705.00
Year-over-Year Change
14.51%
Date Range
1/1/2013 - 1/1/2022
Summary
This economic trend measures the breakdown of revenue by type of customer for tour operators, specifically the share of revenue from business customers. It provides insight into the market dynamics and customer composition within the tour operator 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 'Breakdown of Revenue by Type of Customer: Business for Tour Operators, All Establishments, Employer Firms' trend represents the percentage of total revenue generated by business customers for tour operator establishments in the United States. This data is used by economists and industry analysts to understand the relative importance of different customer segments within the tour operator industry.
Methodology
The data is collected through surveys of tour operator establishments by the U.S. Census Bureau.
Historical Context
This trend is relevant for understanding the tour operator industry's reliance on business customers and its potential sensitivity to changes in corporate travel patterns.
Key Facts
- Tour operators generate approximately 50% of their revenue from business customers.
- The share of business revenue for tour operators has remained relatively stable over the past decade.
- The tour operator industry is heavily influenced by trends in corporate travel and events.
FAQs
Q: What does this economic trend measure?
A: This trend measures the breakdown of revenue by type of customer for tour operator establishments in the United States, specifically the share of revenue from business customers.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the market dynamics and customer composition within the tour operator industry, which is useful for understanding the industry's sensitivity to changes in corporate travel patterns.
Q: How is this data collected or calculated?
A: The data is collected through surveys of tour operator establishments by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend is used by economists and industry analysts to monitor the tour operator industry's reliance on business customers, which can inform policies and decisions related to corporate travel and tourism.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of Census Bureau surveys, which may include occasional delays or changes in methodology.
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Citation
U.S. Census Bureau, Breakdown of Revenue by Type of Customer: Business for Tour Operators, All Establishments, Employer Firms (RPCBUSEF56152ALLEST), retrieved from FRED.