The US travel agency and tour operator sector experienced notable fluctuations from 2013 to 2023, with a strong recovery post-pandemic. Value in 2023 stood at $75.82 billion, recovering from the sharp drop in 2020. Over the last two years, the output saw variations of -3.88% in 2022 and +17.95% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was 4.22%.
Future trends to watch for:
- Technological integration and digitalization of services.
- Increased demand for personalized and experiential travel.
- Sustainability and eco-friendly travel options gaining popularity.
- Expansion in niche markets like adventure and wellness tourism.
- Adaptation to changing consumer behavior and preferences post-pandemic.
Latest reports
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