The US tourism employment sector displayed steady growth from 2013 to 2019, peaking at 6.07 million employees in 2019. In 2020, a significant decrease of 35.96% occurred due to the global pandemic, sharply reducing employment to 3.887 million. The sector rebounded over the subsequent years, and by 2023, employment had risen to 6.2719 million, showing a 9.28% increase from the previous year. The overall CAGR from 2018 to 2023 was 0.55%, reflecting a slow recovery.
Forecasts from 2024 to 2028 predict a steady annual growth rate of approximately 1.04%, with total employment expected to reach 6.6981 million by 2028, marking a 5.33% increase over the five-year period.
Future trends to watch for:
- Technological advancements and their integration into tourism services, potentially impacting employment patterns.
- Shifts in consumer preferences towards sustainable and eco-friendly tourism options.
- The long-term effects of geopolitical and economic changes on global travel trends.