Forecast: Domestic Tourism Expenditure on All Goods or Services in the US

In 2023, domestic tourism expenditure in the US was recorded at an actual value of approximately 1.23 trillion US dollars. From 2024 to 2028, forecasted growth shows a steady increase from 1.2513 trillion to 1.3406 trillion US dollars. The year-on-year growth rates are consistent, suggesting solid recovery and expansion of the tourism sector post-pandemic. The compound annual growth rate (CAGR) over these five years reflects a robust upward trajectory in domestic tourism expenditure.

Key Future Trends:

• Technological advancements enhancing the travel experience may drive higher expenditure.
• Potential economic shifts, such as inflation, could affect disposable income and alter travel spending patterns.
• Sustainability trends may lead to changes in travel preferences, influencing the composition of tourism expenditure.