Forecast: Foreign and Domestic Tourists Arrivals at Tourist Accommodations in Belgium

The data on tourist arrivals in Belgium shows significant fluctuations over the past decade. From 2013 to 2019, there was a general upward trend, peaking at 18.058 million arrivals in 2019. However, the impact of the COVID-19 pandemic is evident, with a dramatic decline of 59.15% in 2020. Post-pandemic recovery saw a strong rebound with the highest year-on-year growth of 60.65% in 2022, only to witness a slight decline of 13.01% in 2023, where arrivals stood at 15.334 million. Over the last five years, the average annual growth rate (CAGR) has been -2.67% due to the pandemic's substantial impact.

Forecasts from 2024 to 2028 predict a modest recovery and stabilization, with a forecasted CAGR of 0.91%. By 2028, arrivals are expected to reach 16.233 million, suggesting a gradual but steady resurgence.

Future trends to watch for include the potential influence of global economic conditions on travel affordability, the impact of sustainable tourism practices, and the role of technological advancements such as contactless travel services and virtual tourism experiences in shaping travel behaviors.