The Scenic and Sightseeing Transportation Services Tourism output in the US increased from 3.05 billion USD in 2013 to 3.85 billion USD in 2023. The year-on-year variations have shown significant fluctuations, with notable downturns in 2016 (-4.27%) and 2020 (-15.55%) due to market disruptions. However, there has been a recovery trend with a marked increase of 12.93% in 2022, leading to a respectable 1.58% growth in 2023. The compound annual growth rate (CAGR) over the past five years has been 1.71%, signaling upward momentum.
Future trends to watch for:
- Continued growth at a forecasted 5-year CAGR of 1.26%, reaching 4.14 billion USD in 2028.
- Potential impacts of technological advancements and sustainable tourism practices.
- Changes in consumer behavior and preferences in a post-pandemic world.
Latest reports
US Tourism Market Report- Q4 2024
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UK Tourism Market Report- Q4 2024
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France Tourism Market Report- Q4 2024
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Canada Tourism Market Report- Q4 2024
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