MSIC 554—Intermediation service activities for accommodation

Where 554 sits

1. I Accommodation and Food Service Activities
2. 55 Accommodation
3. 554 Intermediation service activities for accommodation

Contains 1 narrower code

• 5540 Intermediation service activities for accommodation

What 554 includes

• This group includes the intermediation of all types of accommodation by bringing clients and service providers together for a fee or commission. These intermediation activities can be carried out on digital platforms or through non-digital channels (phone, post etc.) . The fee or commission can be received from either the client or the provider of the accommodation. Revenue for the intermediation activities can include other sources of income, such as revenues from the sale of advertising space.
• This group includes also time-share exchange services and reservation services for accommodation.

What 554 excludes

• This group excludes the activities of combined activities of accommodation, travel and food, i.e. travel agencies and tour operators (see class 7911, 7912) .

554 in other systems