The international tourism expenditures in the US are forecasted to continue growing steadily over the next five years. In 2023, the expenditures stood at approximately 207.10 billion USD. The forecasted values indicate a consistent year-on-year growth with expenditures reaching 213.21 billion USD in 2024, 219.83 billion USD in 2025, 226.38 billion USD in 2026, 232.86 billion USD in 2027, and 239.29 billion USD by 2028.
The year-on-year growth rates are as follows:
- 2024 over 2023: 2.96%
- 2025 over 2024: 3.10%
- 2026 over 2025: 2.97%
- 2027 over 2026: 2.86%
- 2028 over 2027: 2.76%
The compound annual growth rate (CAGR) over these five years is approximately 2.93%, indicating a steady and sustainable increase in international tourism expenditures in the US.
Future trends to watch for include potential impacts from changing global economic conditions, fluctuations in international travel policies, advancements in travel technologies, and emerging travel preferences among global tourists. These factors could influence the pace and magnitude of growth in tourism expenditures.
