The internal tourism consumption of sports and recreation services in the US showed significant growth from 2013 to 2019, peaking at $335.17 billion before a sharp decline in 2020 due to the COVID-19 pandemic. Recovery began in 2021, and the sector is forecasted to grow steadily up to 2028. Year-on-year growth for the last two years was 13.61% in 2022 and 9.47% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years shows an average annual increase of 2.67%. The forecasted 5-year CAGR until 2028 is 2.3%, with a total growth rate of 12.06% from 2023.
Future trends to watch include the impacts of increasing domestic travel due to pandemic-related international travel restrictions, evolving consumer preferences for wellness and outdoor activities, and potential economic fluctuations. These factors will likely influence the internal tourism consumption of sports and recreation services.
