The internal tourism consumption of railways passenger transport services in the US has demonstrated fluctuations over the past decade. From 2013 to 2019, a generally upward trend was observed, with notable increases in 2018 and 2019. However, 2020 saw a significant drop by 73.44%, attributable to the COVID-19 pandemic. Recovery began in 2021 with a sharp rise of 145.8%, followed by substantial growth in 2022 and 2023, standing at 3.05 Billion USD in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was 2.75%.
Looking forward, the forecast from 2024 to 2028 predicts steady growth, with the internal tourism consumption of railways passenger transport services expected to reach 3.48 Billion USD by 2028, reflecting a forecasted 5-year CAGR of 2.07% and overall growth of 10.77%.
- Future trends to watch for include the impact of technological advances in railway services, increased sustainability efforts, and potential variability in consumer travel preferences post-pandemic.
