Key Market Indicators
Belgian Travel Agency Revenue is projected to decline to approximately €2.4 billion by 2028, down from around €2.8 billion in 2023. This represents an annual compound growth rate (CAGR) decrease of 2.5%. The Belgian market has experienced a consistent decline at a rate of 2.5% year-on-year since 2014. As of 2023, Belgium ranked seventh in travel agency revenue among European nations, with Portugal narrowly surpassing it, also posting revenue around €2.8 billion. Spain, Germany, and Italy occupied the second, third, and fourth positions respectively in the same ranking, demonstrating stronger performance in the travel agency sector compared to Belgium.
