Forecast: Internal Tourism Consumption of Tourism Characteristic Products in the US

The internal tourism consumption of tourism characteristic products in the US has displayed interesting trends over the past decade. Between 2013 and 2019, there was a consistent rise with some fluctuations, peaking at $2.9798T in 2019. The global pandemic led to a sharp decline in 2020, with a $2.1783T value. Recovery began in 2021 and continued, with internal tourism consumption reaching $3.1654T in 2023.

The year-on-year change for 2022 and 2023 was 11.55% and 7.77% respectively. The Compound Annual Growth Rate (CAGR) over the last 5 years was 1.89%. Forecasts for 2024 and beyond suggest continued growth with a CAGR of 1.43% until 2028, where the value is expected to reach $3.4628T.

Future trends to watch for include:

- Potential economic shifts influencing consumer spending on tourism.- The impact of evolving travel regulations and health protocols.- Technological advancements and digitalization in tourism services. - Sustainability and eco-tourism trends gaining traction.