The bed places in tourist accommodation establishments in Belgium have seen significant growth since 2015, standing at 423.65 thousand in 2023. A notable surge was observed in 2020 with a year-on-year increase of 25.61%, potentially influenced by strategic tourism investments or industry changes. The subsequent years from 2021 to 2023 also marked steady increases with year-on-year growth rates around 2.85%, 2.82%, and 2.72%, respectively.
The Compound Annual Growth Rate (CAGR) from 2015 to 2023 was 6.98%, showcasing robust expansion. Looking ahead, the forecasted CAGR from 2024 to 2028 is 1.92%, indicating a tempered growth trajectory. By 2028, the bed places are projected to reach approximately 478.08 thousand, reflecting a 9.96% overall growth rate over the five years.
Future trends to watch for include:
- Impact of global events on international tourism influx.
- Advances in accommodation technology and services.
- Government tourism initiatives and policies.
- Sustainable tourism practices and eco-friendly accommodations.
