Recreational Vehicle Parks
Description
Companies in this industry operate facilities to accommodate campers using tents, travel trailers, and recreational vehicles (RVs). Major companies include Kampgrounds of America (KOA) and Thousand Trails (both based in the US), as well as Camping and Caravanning Club and Parkdean Resorts (both based In the UK), Discovery Holiday Parks (Australia), and Siblu (France).
The global camping and caravanning market is forecasted to reach more than $110 billion in 2029, at compound annual growth rate (CAGR) of 7%, according to the Business Research Company. Outside the US, RV camping (caravanning, as it is often called in Europe) is popular in countries including Canada, Australia, New Zealand, Norway, and Iceland, according to RV.com. RVs are growing in popularity in China as consumers spend more on vacations and leisure activities.
The US recreational vehicle parks industry includes about 4,500 RV parks and campgrounds with combined annual revenue of about $3 billion.
COMPETITIVE LANDSCAPE
Demand is driven by personal income and tourist travel. The profitability of individual campgrounds depends on site occupancy rate and effective marketing. Large campgrounds have advantages in diversity of site offerings and amenities. Small campgrounds can compete effectively by marketing to their target demographic and by obtaining desirable locations. The US RV parks and campgrounds industry is fragmented: the 50 largest companies account for about 30% of industry revenue. Most RV park operators are privately held, single-location companies.
PRODUCTS, OPERATIONS & TECHNOLOGY
Recreational vehicle and tent sites for travelers account for about 80% of industry revenue; other sources of revenue include Room or unit accommodation for travelers (nearly 10%) and meals and beverages (about 2%). RV parks also generate revenue by selling fuel, souvenirs, and vehicle parts and accessories.
Campground rental generally includes utility hookups for power, water, sewage, and propane gas. In addition to tent and RV sites, some parks also offer cabin or cottage rentals. Typical RV park amenities include a grocery store or snack bar, coin-operated laundry facilities, playgrounds, and a swimming pool or natural swimming area. More expensive campgrounds are gated and might offer golf, tennis, or spa facilities. Some offer social activities, concerts, cook-outs, and sports tournaments.
Most RV parks and campgrounds are independently owned; even many chain campgrounds are independently owned franchises. Campgrounds generally offer inexpensive recreation-oriented accommodations near national and state parks or major travel routes. Individual campgrounds may have from a couple dozen to several hundred campsites and hookups. Most parks have at least 150 hook-up spaces and are between 10 to 30 acres. Employees maintain facilities and operate camp stores and concession areas.
The global camping and caravanning market is forecasted to reach more than $110 billion in 2029, at compound annual growth rate (CAGR) of 7%, according to the Business Research Company. Outside the US, RV camping (caravanning, as it is often called in Europe) is popular in countries including Canada, Australia, New Zealand, Norway, and Iceland, according to RV.com. RVs are growing in popularity in China as consumers spend more on vacations and leisure activities.
The US recreational vehicle parks industry includes about 4,500 RV parks and campgrounds with combined annual revenue of about $3 billion.
COMPETITIVE LANDSCAPE
Demand is driven by personal income and tourist travel. The profitability of individual campgrounds depends on site occupancy rate and effective marketing. Large campgrounds have advantages in diversity of site offerings and amenities. Small campgrounds can compete effectively by marketing to their target demographic and by obtaining desirable locations. The US RV parks and campgrounds industry is fragmented: the 50 largest companies account for about 30% of industry revenue. Most RV park operators are privately held, single-location companies.
PRODUCTS, OPERATIONS & TECHNOLOGY
Recreational vehicle and tent sites for travelers account for about 80% of industry revenue; other sources of revenue include Room or unit accommodation for travelers (nearly 10%) and meals and beverages (about 2%). RV parks also generate revenue by selling fuel, souvenirs, and vehicle parts and accessories.
Campground rental generally includes utility hookups for power, water, sewage, and propane gas. In addition to tent and RV sites, some parks also offer cabin or cottage rentals. Typical RV park amenities include a grocery store or snack bar, coin-operated laundry facilities, playgrounds, and a swimming pool or natural swimming area. More expensive campgrounds are gated and might offer golf, tennis, or spa facilities. Some offer social activities, concerts, cook-outs, and sports tournaments.
Most RV parks and campgrounds are independently owned; even many chain campgrounds are independently owned franchises. Campgrounds generally offer inexpensive recreation-oriented accommodations near national and state parks or major travel routes. Individual campgrounds may have from a couple dozen to several hundred campsites and hookups. Most parks have at least 150 hook-up spaces and are between 10 to 30 acres. Employees maintain facilities and operate camp stores and concession areas.
Table of Contents
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
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