From 2013 to 2019, the U.S. Travel Agency and Tour Operator Gross Value Added (GVA) experienced steady growth, reaching a peak in 2018 at $25.82 billion before a slight decrease in 2019. The COVID-19 pandemic caused a significant drop in 2020, reducing GVA by 80.52%. Recovery started in 2021 with a 244.13% increase, continuing into 2022 and 2023 with respective increases of 28.21% and 21.96%. By 2023, the GVA stood at $26.52 billion.

Forecasted data from 2024 to 2028 indicate an average yearly growth (CAGR) of 1.66%, with the GVA expected to reach $29.43 billion by 2028, marking a total increase of 8.57% over this period.

Key future trends to watch for include:

Technological advancements integrating AI for custom travel planning
Increased demand for sustainable and eco-friendly travel options
Growth in niche markets like adventure and cultural tourism
Continued recovery post-pandemic influencing travel behaviors and consumer confidence