The US tourism employment in traveler accommodations exhibited steady growth from 2013 to 2023, reaching 1.52 million units (persons) in 2023. The year-on-year variations indicate a generally positive trend, with significant growth between 2013 and 2017. The compounded annual growth rate (CAGR) started strong, peaking in 2015 at 2.22%, but showed a declining trend, settling at 0.74% in 2023. Forecast data from 2024 to 2028 project a continued increase, albeit at a reduced CAGR of 0.51%, suggesting a growth of 2.55% over this period.
Future trends to watch for:
- The impact of emerging travel technologies on employment.
- Potential disruptions from economic fluctuations or global events.
- Growth in eco-tourism and its influence on job creation within the sector.
- Shifts in consumer preferences towards unique and personalized travel experiences.
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