Tourism employment in the wholesale trade and transportation services sector in the US has experienced moderate fluctuations over the last decade. In 2023, tourism employment stood at 171,000 persons. Following significant growth from 2013 to 2016, there was a decline in 2017, but it stabilized in subsequent years. Between 2018 and 2023, the sector saw marginal year-on-year increases, indicative of a slow recovery or stabilization.
Year-on-year variations over the past two years were modest, at 0.59% in both 2022 and 2023. The Compound Annual Growth Rate (CAGR) over the last five years was 0.6%. The forecast for 2028 anticipates a further conservative growth, with a forecasted 5-year CAGR of 0.46% and a growth rate of 2.33% over this period.
Future trends to watch for include potential impacts of technological advancements on employment, shifts towards sustainable travel, and economic factors affecting tourism demand. Monitoring these elements will be crucial in predicting further employment trends in this sector.
