Travel arrangement and reservation services industry gross output in United States grows in 2016

According to new numbers announced by U.S. Bureau of Economic Analysis, travel arrangement and reservation services industry gross output climbed by 5.08% in 2016. Travel arrangement and reservation services industry gross output grew by 2 656 million US Dollars, as it follows the tendency of the prior year when it went up by 6.26 percent. It's the highest ever announced since 1997. United States saw a increase of 115.18% in travel arrangement and reservation services industry gross output during the last 20 years. Besides, it has shown a 0.04 percent average annual growth rate over the last 5 years with a marginal overall rise since the start of observations. It averaged 37 356.5 million US Dollars from 1997 to 2016 and it reached its minimum of 25 516 million US Dollars in 1997.