The value added of accommodation and food services in Belgium has shown steady growth from 2013 to 2019, followed by a significant decline in 2020 due to the pandemic, with a sharp rebound in 2021. By 2023, the value stood at 8.99 billion Euros. The year-on-year variations highlight sharp fluctuations in recent years, notably a -42.98% drop in 2020 and a 64.73% surge in 2021, before stabilizing with a steady CAGR of 2.66% over the last five years. Forecasts predict continued growth, with a forecasted 5-year CAGR of 1.77% reaching 9.99 billion Euros by 2028.

Future trends to monitor include:

Impact of potential economic slowdowns or accelerations on the hospitality sector.
Adoption of digital and contactless technologies in service offerings.
Changes in consumer behavior and preferences post-pandemic.
Expansion and renovation activities in the accommodation sector.
Effects of sustainable and eco-friendly practices on business operations and profitability.