The employment in the US interurban charter bus transportation sector has demonstrated a steady state with a marked shift beginning in 2020. The employment was stable at 13,000 persons from 2013 to 2019, but declined to 12,000 in 2020 and is projected to drop further to 11,000 by 2026 and beyond. The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) was -1.59%, with a projected CAGR of -1.73% over the next five years (2024-2028), indicating a continual declining trend in employment.
Key future trends to watch for:
- Technological advancements and how they influence employment needs in the sector.
- Changes in tourism patterns and demand for interurban transportation.
- Impact of economic factors and potential recovery or further decline post-COVID-19 pandemic.