Belgium's history has always been linked to both commercial and cultural exchange, and its economy is currently one of the world's most open, which means that external shocks such as the terrorist attacks in New York, the war in Iraq and the SARS epidemic had a stronger impact on the Belgian economy than on most of its trading partners. Euromonitor's travel and tourism series of individual country reports investigate the challenges the industry is facing in the wake of the Iraq war, fears of terrorism and general economic downturn. As all the reports follow a standardised format, this study can be used to compare developments in other key markets. Analysis of positive and negative growth trends; demand factors; the operating environment and tourism parameters help provide a comprehensive picture of current trends in Belgium. Sector coverage includes travel accommodation; transportation; car rental; travel retail and tourist attractions in addition to invaluable profiles of the major players. Forecasts to 2008 pinpoint future opportunities.