Travel arrangement and reservation services industry gross output in United States grows in 2017

According to numbers published by U.S. Bureau of Economic Analysis, in 2017 travel arrangement and reservation services industry gross output grew by 5.22%. Travel arrangement and reservation services industry gross output went up by 2 867 million US Dollars, as it follows the tendency of the previous year when it climbed by 5.08 percent. It's the highest level on record since 1997. The overall changes for the prior 21 years hit a growth of 126.42%. Besides, it has had a 0.05 percent compound annual growth rate over the 5 years with a slight overall rise since the start of time series. It averaged 38 328.71 million US Dollars from 1997 to 2017 and it attained its minimum of 25 516 million US Dollars in 1997.