The travel agency and tour operator output in Belgium experienced a noticeable decline from 2013 to 2023, with significant disruptions in 2020 due to the COVID-19 pandemic. The output dropped drastically by 72.07% in 2020, but then began to recover in 2021 with a 27.31% increase and a substantial 138.17% rise in 2022. By 2023, the value reached €3.09 billion, registering a 15.69% year-on-year growth. Despite this recovery, the last five years showed an average decline of 1.01% annually (CAGR).
Forecasted data suggests a slight downward trend from 2023 to 2028, with a forecasted CAGR of -0.58%, indicating a gradual decline. Future trends to watch for include the impact of digital transformation on travel services, evolving consumer preferences towards sustainable travel, and potential economic and geopolitical factors affecting travel demand.
