United States Tourism Source Market Size, Share and Growth Analysis Report: Forecast Trends and Outlook 2025-2034

The United States tourism source market was valued at USD 895.00 Billion in 2024. The industry is expected to grow at a CAGR of 5.40% during the forecast period of 2025-2034 to attain a valuation of USD 1.51 trillion by 2034.

United States Tourism Source Market Outlook

The growing number of US residents travelling home and abroad is one of the crucial factors influencing the growth of the United States tourism source market. There is also a rising interest among US citizens in visiting developing nations to explore different cultures, which also supports market expansion. Moreover, group travels are gaining prominence in the country where many travellers book multiple-day trips to popular tourist spots.

As per the World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR), the contribution of the travel and tourism sector to the GDP of the country increased by 7% in 2023. Domestic tourists further spent around USD 1.37 trillion in 2023, which is expected to boost the market share.

As per the United States Tourism Source Market Regional Analysis, the Far West Leads the Market

• The Far West region is expected to lead with the highest CAGR of 6.3%, driven by a strong tourism infrastructure and increasing outbound travel.
• As per the United States tourism source industry analysis, the Rocky Mountain region follows with a CAGR of 5.8%, supported by growing interest in both domestic and international travel.
• The Southwest, with a CAGR of 5.6%, sees steady growth due to its diverse population and rising disposable income.
• The Southeast, at 5.3%, reflects moderate growth driven by its expanding tourism activities and proximity to popular travel destinations.
• New England, with a 5.0% CAGR, shows stable growth and fuels the United States tourism source market value. The regional growth is supported by its rich cultural and historical attractions.
• The Mideast and Plains regions, with CAGRs of 4.6% and 4.3% respectively, exhibit slower growth due to their smaller market size and less diversified tourism offerings.
• The Great Lakes region, at 4.1%, experiences the slowest growth, reflecting lower tourism activity and market saturation.

United States Tourism Source Market Growth is Driven by Rising Prevalence of Short Domestic Trips

• Domestic tourism is expected to experience the highest growth in the market from 2024 to 2032, with a CAGR of 5.9%, driven by the increasing popularity of staycations and short trips within the country.

International tourism, with a CAGR of 4.9% boosts the United States tourism source market opportunities, owing to the easing of travel restrictions and growing interest in exploring destinations abroad.

The overall growth is driven by the continuous increase in travel demand across different segments and the diversification of travel options.

One of the Key United States Tourism Source Market Trends is the Burgeoning Popularity of Recreational Trips

• Leisure travel is projected to lead with the highest CAGR of 6.0%, driven by the increasing demand for recreational and relaxation trips.
• Business travel, with a CAGR of 5.7%, follows closely, supported by the recovery of corporate travel activities and the resumption of in-person meetings and events.

Visiting friends and relatives (VFR), with a CAGR of 5.1%, sees steady growth as people prioritize reconnecting with loved ones post-pandemic and further contribute to the United States tourism source demand.

The market growth is driven by evolving travel preferences and the increasing focus on personalized travel experiences.

Key Questions Answered in This Report:

• How has the United States tourism source market performed historically, and what are the growth expectations for the future?
• What are the primary factors influencing demand and growth in the United States tourism source market?
• What are the key segments within the United States tourism source market, and how are they expected to evolve over the forecast period?
• What are the major challenges and opportunities facing stakeholders in the United States tourism source market?
• Who are the key players in the United States tourism source market, and what strategies are they employing to maintain a competitive edge?
• What are the regulatory and policy factors influencing the United States tourism source market globally or regionally?
• How competitive is the United States tourism source market according to Porter's five forces analysis, including factors like bargaining power of buyers and suppliers?
• What are the current trends shaping the United States tourism source market landscape, and how are they expected to evolve in the future?
• How are technological advancements impacting the United States tourism source market, and what role do innovation and R&D play in driving growth?
• What are the consumer preferences and buying behavior trends influencing the United States tourism source market?
• How sustainable are current growth rates in the United States tourism source market, and what factors could potentially disrupt these trends?
• What are the regional dynamics within the United States tourism source market, and how do they contribute to overall market growth?
• What are the economic factors influencing the United States tourism source market, such as GDP growth, inflation rates, and currency fluctuations?
• How are demographic shifts, such as aging populations or urbanization trends, affecting demand in the United States tourism source market?
• What are the key strategic partnerships, mergers, and acquisitions shaping the competitive landscape of the United States tourism source market?
• What are the regulatory and legal frameworks impacting the United States tourism source market globally or in key regions?
• How are changing consumer lifestyles and preferences influencing product or service demand within the United States tourism source market?
• What are the emerging market trends and niche opportunities within the United States tourism source market that stakeholders should be aware of?
• How resilient is the United States tourism source market to external shocks or disruptions, such as geopolitical tensions or natural disasters?
• What are the potential barriers to market entry and growth for new players in the United States tourism source market?

Key Benefits for Stakeholders:

Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the United States tourism source market spanning from 2018 to 2032.

The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States tourism source industry.

Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States tourism source market.

The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.

Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States tourism source market landscape.