The production of accommodation and food services in Belgium has seen fluctuations over the past decade. The sector grew steadily from 2013 to 2019, with year-on-year variations generally positive and a CAGR peaking at 4.86% in 2018. The COVID-19 pandemic had a severe impact in 2020, causing a sharp decline of 43.06%. However, a strong recovery followed in 2021 with a 64.71% increase. By 2023, the production value stood at 21.74 billion Euros, showing a modest growth of 2.28% from the previous year and an average annual growth rate (CAGR) of 2.67% over the past five years. Forecasts indicate a continued steady growth, albeit at a slower pace, with a projected CAGR of 1.76% through 2028.

Future trends to watch for:

Potential impact of lingering economic effects from the COVID-19 pandemic.
Changes in consumer behavior towards dining and travel post-pandemic.
Influence of technological advancements and digital transformations in the hospitality sector.
Environmental sustainability trends influencing accommodation and food service practices.
Economic policies and tourism promotion strategies by the Belgian government.