99 -- Travel Agencies size standard

The U.S. Small Business Administration has officially increased the size standard for Travel Agencies under NAICS code 561510 from $1 million to $3 million in average annual receipts. This adjustment, effective July 1, 2002, aims to more accurately define which businesses qualify as small in this sector, thereby expanding eligibility for federal small business assistance programs. This change reflects the SBA's effort to align size standards with current market realities and support a broader range of travel agency businesses. The update does not specify additional details such as specific agencies involved or set-aside types, but it is publicly accessible through the SBA website and relevant contract portals. The rule’s implementation provides small travel agencies with greater access to federal programs intended for business growth and development, ensuring that more enterprises can benefit from government resources and opportunities tailored to small businesses.