From 2013 to 2019, nights spent at tourist accommodations in Belgium displayed a generally upward trajectory peaking at 42.513 million in 2019. A significant decline occurred in 2020 due to the pandemic, reducing the numbers to 24.14 million. Recovery followed, with a sharp increase in 2021 by 64.01%. By 2023, the figure stood at 45.705 million. The compound annual growth rate (CAGR) over the last five years reflects a moderate increase of 2.04%, despite the volatility of the pandemic years. The forecast suggests a continued upward trend, expecting 49.88 million nights by 2028, a 1.49% CAGR.
Future trends to watch for:
- Impact of global economic conditions on travel behavior
- Potential effects of geopolitical stability in Europe
- Technological advancements enhancing tourism experiences
- Sustainable tourism practices gaining popularity