The number of overseas leisure visitors to the US has shown steady growth from 2013 to 2023, reaching 31.5 million units in 2023. From 2013 to 2015, annual growth rates ranged from 7.01% to 10.89%, indicating strong momentum. However, 2016 witnessed a minor setback with a -1.51% decline. The following years up to 2022 saw modest but positive growth, with annual increases generally between 2.6% and 4.09%. The year-on-year growth for 2023 was 2.48%, reflecting a slight deceleration in growth trends. The five-year CAGR as of 2023 was 2.73%.
For future trends, the forecasted data suggests continued growth albeit at a slower pace. The forecasted CAGR from 2024 to 2028 is 1.7%, with an overall growth rate of 8.82% over the same period. This moderated forecast suggests a stabilizing market, with potential influences from economic, political, and global factors.
Future trends to watch for include:
- Impact of international relations and travel policies on tourism.
- Economic conditions globally affecting discretionary spending on leisure travel.
- Developments in travel technology and digitalization to enhance visitor experience.
- Sustainable travel trends and their influence on long-term visitor numbers.
