In 2023, household expenditure on accommodation services in Belgium stood at 1.63 billion euros. The forecasted data for 2024 indicates a 2.45% increase to 1.67 billion euros. Over the subsequent years, it is expected to grow steadily, reaching 1.81 billion euros by 2028. The year-on-year variations from 2024 to 2028 are as follows:
- From 2024 to 2025: 2.40% increase
- From 2025 to 2026: 1.75% increase
- From 2026 to 2027: 1.72% increase
- From 2027 to 2028: 2.26% increase
The compound annual growth rate (CAGR) over this forecast period is approximately 2.15%.
Future trends to watch for include the impact of tourism recovery post-pandemic, changes in household income levels, and potential shifts towards more sustainable or alternative accommodation options. Additionally, monitoring economic policies and inflation rates will be vital in understanding their effects on household spending in this sector.
