Based on forecasted data, the turnover of travel agencies in Belgium will experience a gradual decline from 2024 to 2028. The turnover projections are as follows: €2.71 billion in 2024, €2.63 billion in 2025, €2.55 billion in 2026, €2.47 billion in 2027, and €2.39 billion in 2028. The year-on-year percentage variation indicates a consistent decline, with decreases seen each year: -2.95% in 2025, -3.04% in 2026, -3.14% in 2027, and -3.24% in 2028. From 2023 to 2028, the Compound Annual Growth Rate (CAGR) indicates an average annual decrease of approximately -3.09%.
Future trends to watch for include shifts towards digital and independent travel options, changes in consumer behavior post-pandemic, and the impact of economic factors such as inflation and disposable income on travel expenditure. Monitoring technological advancements and sustainability trends will also be crucial for understanding the evolving landscape of the travel industry.
