U.S. Travel Market Data Sheet 2023-2027

Summary

Following the robust 2022 recovery, the U.S. travel market is still re-establishing what the new normal for travel looks like, and in that process, some fluctuation is expected. Featuring healthy 13% year-over-year growth in 2023, the market finally surpassed pre-pandemic levels. Though economic uncertainty, regulation and rising costs impeded performance for some segments, travel demand remained robust. Gross bookings will continue to climb moderately throughout the forecast period, reflecting the anticipated return to equilibrium.

This data sheet provides comprehensive market sizing and projections for the U.S. travel industry from 2021-2027, including analysis of key segments, share and trends, distribution and recovery dynamics by segment, and more. Much of the data included here, along with expanded analysis, is also featured in Phocuswright’s U.S. Travel Market Report 2023-2027 (coming soon).

Reports in the U.S. Travel Market Report 2023-2027 series include: (available now or publishing soon):

• U.S. Travel Market Report 2023-2027
• U.S. Airline Market Report 2023-2027
• U.S. Car Rental Market Report 2023-2027
• U.S. Cruise Market Report 2023-2027
• U.S. Hotel & Lodging Market Report 2023-2027
• U.S. Online Travel Agency Market Report 2023-2027
• U.S. Packaged Travel Market Report 2023-2027