The United States Census Bureau created a classification system for business entities called the North American Industry Classification System (NAICS). Several company databases and industry research databases use these to organize their information, and it is useful to know these codes when you are looking for industry reports. These codes start at 2 numbers to identify broad industry group and move to 6 to identify specific industries.
Example Codes:
561 - Administrative and Support Services
5615 - Travel Arrangement and Reservation Services
561520 - Tour Operators
IBISWorld allows you to search for reports using keywords, company names, or by using NAICS codes. Example Reports: Tourism in the US, Travel Agencies in the US, and Cruise & Travel Agency Franchises in the US
To learn more about the contents of the IBISWorld industry reports and how to use them, watch the video below.
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