From 2013 to 2019, the Accommodation and Food Services sector in Belgium saw steady growth, peaking at 180.69 million hours. However, 2020 brought a significant decline of 41.99% due to the COVID-19 pandemic, followed by a partial recovery in 2021 and a resurgence in 2022 with a 48.67% year-on-year increase, reaching 187.8 million hours. By 2023, this declined again to 160.71 million hours, marking a 14.43% drop. Forecasts for 2024 to 2028 suggest a slow, moderate increase, with a projected CAGR of 0.52% over the next five years.
Future trends to watch for include:
• Continued recovery post-pandemic and stabilization of labor hours.
• Potential impacts from evolving health regulations and changing consumer behaviors.
• Technological advancements and their influence on service efficiency and labor needs.
