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The research group IBISWorld reported that in 2015, the dance studios industry generated $2 billion in revenue and that consumer spending on dance instruction had increased gradually between 2010 and 2015. The U.S. Department of Labor (DOL) reports that the number of jobs for dancers will grow by only 5 percent through 2024, and those for choreographers will grow by 6 percent, about as fast as the average for all occupations. Interest in traditional dance has been declining, and there is increased interest in popular dance, which will lead to a rise in registration at dance schools and the need for choreographers.
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