The number of employees in travel services in the US has shown varied trends over the past decade. From 2013 to 2016, there was a noticeable increase, highlighted by a peak year-on-year growth of 6.31% in 2016. However, growth plateaued between 2017 and 2023, with the number of employees stabilizing at around 220,000. As of 2023, the number of employees stood at 220,000. The compound annual growth rate (CAGR) over the last 5 years was 0%, indicating a stagnant growth trend in recent years. Forecast data predicts a slight increase, with the future 5-year CAGR estimated at 0.09%, suggesting minimal growth.
Future trends to watch for include potential impacts of technological advancements on travel services employment, the influence of economic fluctuations on travel demand, and changes in consumer preferences towards sustainable travel options. These trends could significantly affect the employment landscape in the travel services sector.