Belgium Travel and Tourism Market Summary and Forecast
Summary
Travel & Tourism in Belgium industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The travel & tourism industry consists of revenues generated by passenger airlines, passenger rail, hotels & motels, foodservice, travel intermediaries, and casinos & gaming.
- The Belgian travel & tourism industry had total revenues of $17 billion in 2022, representing a negative compound annual growth rate (CAGR) of 1.3% between 2017 and 2022.
- The foodservice segment accounted for the industry's largest proportion in 2022, with total revenues of $4.6 billion, equivalent to 26.9% of the industry's overall value.
- The growth in the Belgian travel & tourism industry is influenced by several macroeconomic factors, such as rising GDP, increasing disposable income, and growing consumer confidence. For instance, according to the National Bank of Belgium, consumer confidence in Belgium rose to -5 points in October 2023, up from -15 points in December 2023.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the travel & tourism market in Belgium
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the travel & tourism market in Belgium
- Leading company profiles reveal details of key travel & tourism market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Belgium travel & tourism market with five year forecasts by both value and volume
- What was the size of the Belgium travel & tourism market by value in 2022?
- What will be the size of the Belgium travel & tourism market in 2027?
- What factors are affecting the strength of competition in the Belgium travel & tourism market?
- How has the market performed over the last five years?
- Who are the top competitiors in Belgium's travel & tourism market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the strengths of the leading players?
- 8 Company Profiles
- 8.1. McDonald's Corp
- 8.2. Accor SA
- 8.3. Brussels Airlines SA/NV
- 8.4. Booking Holdings Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Belgium travel & tourism industry value: $ million, 2017–22
- Table 2: Belgium travel & tourism industry category segmentation: % share, by value, 2017–2022
- Table 3: Belgium travel & tourism industry category segmentation: $ million, 2017-2022
- Table 4: Belgium travel & tourism industry geography segmentation: $ million, 2022
- Table 5: Belgium travel & tourism industry value forecast: $ million, 2022–27
- Table 6: McDonald's Corp: key facts
- Table 7: McDonald's Corp: Annual Financial Ratios
- Table 8: McDonald's Corp: Key Employees
- Table 9: McDonald's Corp: Key Employees Continued
- Table 10: Accor SA: key facts
- Table 11: Accor SA: Annual Financial Ratios
- Table 12: Accor SA: Key Employees
- Table 13: Accor SA: Key Employees Continued
- Table 14: Brussels Airlines SA/NV: key facts
- Table 15: Brussels Airlines SA/NV: Key Employees
- Table 16: Booking Holdings Inc: key facts
- Table 17: Booking Holdings Inc: Annual Financial Ratios
- Table 18: Booking Holdings Inc: Key Employees
- Table 19: Belgium size of population (million), 2018–22
- Table 20: Belgium gdp (constant 2005 prices, $ billion), 2018–22
- Table 21: Belgium gdp (current prices, $ billion), 2018–22
- Table 22: Belgium inflation, 2018–22
- Table 23: Belgium consumer price index (absolute), 2018–22
- Table 24: Belgium exchange rate, 2018–22
- List of Figures
- Figure 1: Belgium travel & tourism industry value: $ million, 2017–22
- Figure 2: Belgium travel & tourism industry category segmentation: $ million, 2017-2022
- Figure 3: Belgium travel & tourism industry geography segmentation: % share, by value, 2022
- Figure 4: Belgium travel & tourism industry value forecast: $ million, 2022–27
- Figure 5: Forces driving competition in the travel & tourism industry in Belgium, 2022
- Figure 6: Drivers of buyer power in the travel & tourism industry in Belgium, 2022
- Figure 7: Drivers of supplier power in the travel & tourism industry in Belgium, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Belgium, 2022
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Belgium, 2022
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Belgium, 2022
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