The employment in the US spectator sports tourism sector experienced significant variability over the years, peaking in 2014 at 73,000 persons and showing a generally declining trend since 2017. Employment stood at 52,000 units in 2023 and is projected to gradually decline to 49,000 by 2028. Over the last two years, there was no change, while the five-year CAGR from 2019 to 2023 was -1.12% and the forecasted five-year CAGR stands at -0.8% with a cumulative growth rate of -3.92%.
Future trends to watch for include:
- Technological advancements in sports viewing experiences.
- Changes in consumer behavior post-pandemic.
- Economic fluctuations affecting disposable income.
- Potential shifts in sports popularity and new sporting events emerging.
