The pandemic and related safety restrictions will continue to limit the potential of lodging in 2021. Indeed, while properties were not compelled to suspend operations during Belgium’s lockdown in 2020, several players opted to close some or all of their outlets due to the virtually non-existent demand.
The pandemic had a positive effect in terms of igniting demand for domestic tourism, and 2021 is set to continue seeing more and more Belgians travelling to rural areas. Meanwhile, big cities will likely remain less appealing due to social distancing requirements and general safety concerns of being in crowded areas.
2022 is set to be another year of strong current value growth for lodging as it still recovers from the pandemic, with growth set to gradually slow and normalize over the remainder of the forecast period. At least in the short-term, there will be a clear shift to nature and short-term rentals.
So far, the state’s help or loans have been very helpful in terms of sustaining the lodging sector in Belgium while it crumbled under the pandemic. In turn, only a few lodging sites have closed permanently.
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Understand the latest market trends and future growth opportunities for the Lodging industry in Belgium with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Lodging industry in Belgium, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This report originates from Passport, our Lodging research and analysis database.
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