Domestic tourism expenditure on air passenger transport services in the US saw consistent growth from 2013 to 2019, with some fluctuations. Growth was largely positive until 2020 when the pandemic caused a significant decline (-53.8%). Recovery began in 2021 with a 62.53% increase, continuing up to 2023. In 2023, expenditure valued at $265.8 billion, marking a 14.93% rise year-on-year.
Notable year-on-year changes include:
- 2014: 15.09%
- 2018: 12.55%
- 2020: -53.8%
- 2021: 62.53%
- 2023: 14.93%
CAGR analysis over different periods:
- 2018: 7.55%
- 2020: -9.96%
- 2023: 3.58%
- 2028 (forecast): 1.82%
Future trends to watch for include the impact of economic conditions on tourism spend, potential pandemic aftereffects, technological innovations such as sustainable aviation, and the evolution of consumer behavior towards air travel preferences.
