The travel services employment in the US showed fluctuations from 2013 to 2023, peaking in 2018 at 204,000 employees and experiencing a significant drop in 2020. Employment numbers gradually recovered from 2021, reaching 196,010 employees by 2023, a 5.33% year-on-year increase. The compound annual growth rate (CAGR) for the past five years was -0.8%, reflecting the lasting impact of the pandemic.
For future trends:
- Modest growth is expected with a forecasted 5-year CAGR of 0.34%
- Employment numbers are projected to reach 200,260 by 2028
