The Travel Agency and Tour Operator Activities sector in Belgium exhibited various fluctuations between 2013 and 2023, with a notable downturn during the COVID-19 pandemic in 2020, followed by a significant recovery period. By 2023, turnover in the sector reached 4.47 billion Euros, rebounding from a low of 1.31 billion Euros in 2020. The sector experienced year-on-year contractions from 2013 to 2016, a mixed period of growth and decline from 2017 to 2019, a severe dip in 2020, and a steady recovery thereafter.

Future trends to watch for include:

The gradual decline in turnover forecasted through 2028, maintaining an average annual decrease rate (CAGR) of -1.71%.
The ongoing effects of economic uncertainty and changing consumer behavior on the travel industry.
Potential shifts towards sustainable and digital travel solutions which may reconfigure traditional business models within the sector.