Sources of Revenue: Commissions or Fees from Lodging for All Other Travel Arrangement and Reservation Services, All Establishments, Employer Firms
REVCFLEF561599ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,956.00
Year-over-Year Change
-18.94%
Date Range
1/1/2013 - 1/1/2021
Summary
This economic trend measures the commissions or fees generated by all establishments providing travel arrangement and reservation services, including hotels, airlines, and other travel-related 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 Lodging for All Other Travel Arrangement and Reservation Services, All Establishments, Employer Firms series tracks the revenue earned by these businesses from commissions and fees related to lodging services. This metric is used by economists and policymakers to monitor the health and activity of the travel and tourism industry.
Methodology
The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Historical Context
This trend provides insight into consumer spending on travel and the overall performance of the tourism sector.
Key Facts
- Measured in millions of U.S. dollars.
- Includes revenue from hotels, airlines, and other travel providers.
- Reflects consumer demand for travel-related services.
FAQs
Q: What does this economic trend measure?
A: This trend measures the commissions and fees earned by businesses providing travel arrangement and reservation services, including lodging, from their customers.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of the travel and tourism industry, which is an important sector of the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to monitor consumer spending on travel and the overall performance of the tourism sector, which can inform economic and policy decisions.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Sources of Revenue: Commissions or Fees from Lodging for All Other Travel Arrangement and Reservation Services, All Establishments, Employer Firms (REVCFLEF561599ALLEST), retrieved from FRED.