The number of self-employed persons in travel services in the US is expected to decline slightly over the forecast period. From a peak of 18,000 in 2024, the figure is projected to decrease to 16,000 by 2028. Compared to the estimated figures in 2023, this indicates a modest contraction. Year-on-year analysis shows a 5.56% decline from 2024 to 2025, stabilization through 2026 and 2027, and a further 5.88% decline by 2028. The compound annual growth rate (CAGR) over these five years suggests an average decrease of approximately 2.9% annually.
Future trends to watch for include:
- Technological advancements impacting travel planning and booking.
- Economic conditions affecting discretionary spending on travel.
- Potential shifts in consumer behavior post-pandemic.
- Regulatory changes that could impact self-employed business operations.
