The number of employees in the travel agency activities sector in Belgium experienced a downward trend from 2013 to 2023, with a significant drop in 2016 and continued fluctuations in subsequent years. As of 2023, the sector stood at 4.12 thousand employees. The sector experienced notable year-on-year variations, particularly in years like 2016 and 2020 where there were significant declines of -14.03% and -11.47%, respectively. The average annual compound growth rate over the last five years (2019-2023) was -2.79%, indicating a persistent contraction in the workforce size.
Future trends to watch for include the continued decline in employee numbers, projected to reach approximately 3.47 thousand by 2028. This represents a forecasted 5-year CAGR of -2.74% and a total reduction of about 12.95%. Monitoring technological advancements, consumer behavior shifts, and potential economic recoveries or downturns will be critical in understanding future labor dynamics in this sector.
