Travel & Tourism in Belgium
Summary
Travel & Tourism in Belgium industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Travel & tourism industry is segmented into passenger airlines, passenger rail, foodservice, hotels & motels, and travel intermediaries.
- The Belgian travel & tourism industry recorded revenues of $17.9 billion in 2023, representing a negative compound annual growth rate (CAGR) of 1.6% between 2018 and 2023.
- The passenger airlines segment accounted for the industry's largest proportion in 2023, with total revenues of $5.4 billion, equivalent to 30.3% of the industry's overall value.
- In 2023, the industry experienced a significant value increase, recovering from recent declines, primarily driven by increasing capital investment, particularly in sectors such as airlines, railways, foodservice, and accommodation. Investors are channelling more funds into expanding travel infrastructure to meet rising demand. According to the World Bank, the capital investment in travel and tourism in Belgium reached $3.8 billion in 2023, reflecting a 4.7% increase from 2022.
- Save time carrying out entry-level research by identifying the size, growth, major segments, 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
- What was the size of the Belgium travel & tourism market by value in 2023?
- What will be the size of the Belgium travel & tourism market in 2028?
- What factors are affecting the strength of competition in the Belgium travel & tourism market?
- How has the market performed over the last five years?
- What are the main segments that make up 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 recent developments in the industry?
- 8 Company Profiles
- 8.1. Brussels Airlines SA/NV
- 8.2. Booking Holdings Inc
- 8.3. Mc Donald’s Belgium
- 8.4. Radisson Hospitality AB
- 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, 2018-23
- Table 2: Belgium travel & tourism industry category segmentation: % share, by value, 2018-23
- Table 3: Belgium travel & tourism industry category segmentation: $ million, 2018-23
- Table 4: Belgium travel & tourism industry geography segmentation: $ million, 2023
- Table 5: Belgium travel & tourism industry value forecast: $ million, 2023-28
- Table 6: Brussels Airlines SA/NV: Key Facts
- Table 7: Brussels Airlines SA/NV: Key Employees
- Table 8: Booking Holdings Inc: Key Facts
- Table 9: Booking Holdings Inc: Annual Financial Ratios
- Table 10: Booking Holdings Inc: Key Employees
- Table 11: Mc Donald’s Belgium: Key Facts
- Table 12: Mc Donald’s Belgium: Key Employees
- Table 13: Radisson Hospitality AB: Key Facts
- Table 14: Radisson Hospitality AB: Key Employees
- Table 15: Belgium Size of Population (million), 2019-23
- Table 16: Belgium real GDP (Constant 2010 Prices, $ billion), 2019-23
- Table 17: Belgium GDP (Current Prices, $ Billion), 2019-23
- Table 18: Belgium Inflation, 2019-23
- Table 19: Belgium Consumer Price Index (Absolute), 2019-23
- Table 20: Belgium Exchange Rate, 2018-23
- List of Figures
- Figure 1: Belgium travel & tourism industry value: $ million, 2018-23
- Figure 2: Belgium travel & tourism industry category segmentation: $ million, 2018-23
- Figure 3: Belgium travel & tourism industry geography segmentation: % share, by value, 2023
- Figure 4: Belgium travel & tourism industry value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the travel & tourism industry in Belgium, 2023
- Figure 6: Drivers of buyer power in the travel & tourism industry in Belgium, 2023
- Figure 7: Drivers of supplier power in the travel & tourism industry in Belgium, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the travel & tourism industry in Belgium, 2023
- Figure 9: Factors influencing the threat of substitutes in the travel & tourism industry in Belgium, 2023
- Figure 10: Drivers of degree of rivalry in the travel & tourism industry in Belgium, 2023
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