Fastest Growing Industries in the US by Revenue Growth (%) in 2021

1. Domestic Airlines in the US

2021-2022 Revenue Growth: 62.5%

Revenue for the Domestic Airlines industry has experienced significant declines over the five years to 2021. While most of the period has been characterized by expansion amid broader economic growth, the COVID-19 (coronavirus) pandemic caused unprecedented industry disruption. Operators primarily engaged in the scheduled transportation of passengers represent one of the most vulnerable industry groups in regard to the pandemic's negative effects. As a result, industry revenue has decreased at an annualized rate of 5.3% to $106.3 billion over the five years to 2021, including an estimated decline of 53.8% in 2020 alone. Mass vaccination efforts have loosened travel restrictions,... Learn More

2. International Airlines in the US

2021-2022 Revenue Growth: 61.3%

Demand for the International Airlines industry has experienced significant volatility over the five years to 2021. In recent years, mounting competition from foreign competitors and chronic overcapacity within the industry's cargo transportation segment have forced industry operators to slash ticket prices and reduce freight shipping rates, causing industry revenue to decline. While competing enterprises were still able to generate growth during most of the period, unprecedented disruptions from the COVID-19 (coronavirus) pandemic will likely generate the most substantial revenue decline in industry history. Overall, industry revenue has decreased at an annualized rate of 9.6% to $30.6 billion over the five... Learn More

3. Hotels & Motels in the US

2021-2022 Revenue Growth: 57.8%

The Hotels and Motels industry is highly susceptible to changes in the domestic and global economic environments, which has caused the industry to experience substantial volatility due to the onset of the COVID-19 (coronavirus) pandemic in 2020. Over most of the five years to 2021, the industry has benefited from increases in travel spending, corporate profit and general consumer spending. These factors were all affected substantially by the coronavirus pandemic. The onset of the virus in the United States immediately reversed economic trends that were benefiting the industry, by stifling spending and halting travel; as a result, the industry was... Learn More

4. Casino Hotels in the US

2021-2022 Revenue Growth: 57.8%

Revenue for the Casino Hotels industry has declined over the five years to 2021. Domestic competition has increased during the period, as states that did not previously permit gambling have since loosened regulations. Meanwhile, competition from international gaming capitals that attract operators by offering tax exemptions for new establishments, such as Macau, remains significant. Moreover, the COVID-19 (coronavirus) pandemic weighed on the industry, as all casino hotels were required to temporarily shutter in mid-March 2020. Consequently, industry revenue has decreased at an annualized rate of 3.6% to $53.7 billion over the five years to 2021, including an estimated growth of... Learn More

5. Movie Theaters in the US

2021-2022 Revenue Growth: 56.3%

Due to social distancing measures associated with the COVID-19 (coronavirus) pandemic which remains ongoing, revenue for the Move Theaters industry has declined over the five years to 2021. During most of the period, the industry experienced growth due to rising per capita disposable income and the success of blockbuster films, drawing more moviegoers to theaters. Competition from substitute film viewing methods, such as an online streaming platforms, and other forms of entertainment has posed significant sources of external competition for the industry. The coronavirus pandemic has had a disastrous effect on the industry. IBISWorld estimates that industry revenue has decreased... Learn More

6. Non-Hotel Casinos in the US

2021-2022 Revenue Growth: 53.3%

The Non-Hotel Casinos industry has been dealt a mixed hand over the five years to 2021, as various factors, including increased competition, have curbed spending at casinos. Long-standing casino operators have struggled over the past five years, mainly due to an influx of new casino hotels in states that have eased restrictions on casinos. As a result, industry revenue has decreased an annualized 5.9% to $15.2 billion over the five years to 2021, including a decrease of 52.6% in 2020 alone. During the period, increased competition has also placed pressure on industry operators' profit. Through 2019, gambling revenue increased, as... Learn More

7. Tour Operators in the US

2021-2022 Revenue Growth: 52.4%

The Tour Operators industry has experienced growth over most of the five years to 2021. The industry benefited from rising disposable income levels and a strengthening global economy. As unemployment declined and consumer spending grew, domestic and international trips taken by US residents increased, bolstering demand for tour packages. Additionally, inbound trips made by non-US residents also grew as disposable income levels rose in countries in Asia, Latin America and Europe. However, the tourism sector as a whole endured a sharp contraction in 2020 as lockdowns and travel restrictions within the United States and globally went into effect, in an... Learn More

8. Travel Agencies in the US

2021-2022 Revenue Growth: 48.3%

The Travel Agencies industry has experienced a significant contraction in revenue, profit and overall industry participation over the five years to 2021. This curtailment of demand and industry activity is due to the 2020 COVID-19 (coronavirus) pandemic, as stringent travel restrictions were issued to limit close social interactions and help curb the spread. As a result of these unforeseen complications, industry revenue is expected to decrease at an annualized rate of 6.4% to $32.1 billion over the five years to 2021.

The industry prospered prior to 2020, which can be attributed to sizable increases in consumer confidence, as it is a... Learn More

9. Maternity Wear Stores

2021-2022 Revenue Growth: 47.8%

Over the five years to 2021, the Maternity Wear Stores industry has grappled with an increasingly difficult retailing environment. Operators in this industry specialize in clothing targeted to pregnant women. The industry does not include online maternity wear sales or sales from department stores. Over the five years to 2021, the number of births is expected to decrease at an annualized rate of 0.5%, resulting in softer demand for maternity apparel. Furthermore, the COVID-19 (coronavirus) pandemic has posed a major threat to industry operations as industry establishments have had to operate at limited capacity. In addition to challenges posed by... Learn More

10. Concert & Event Promotion in the US

2021-2022 Revenue Growth: 45.2%

Operators in the Concert and Event Promotion industry produce, advertise and manage a variety of live events and performances, including concerts, sporting events and public appearances. For the majority of the five-year period between 2016 and 2021, industry revenue experienced significant growth. Positive economic expansion fueled consumer discretionary purchases on live events and related performances. However, the COVID-19 (coronavirus) pandemic has generated an estimated 60.2% revenue decline in 2020 alone, representing unprecedented disruption for live event promoters across the United States. Despite the disruption trickling into the current year, the easing of coronavirus restrictions is anticipated to boost demand for... Learn More