Camping - Armenia | Statista Market Forecast

Armenia is expected to see a significant increase in revenue within the Camping market, with projections indicating a rise to US$68.65k by 2024.
This growth is forecasted to continue with an annual growth rate (CAGR 2024-2029) of 12.45%, resulting in a projected market volume of US$123.50k by 2029.
Furthermore, it is expected that the number of users in the Camping market will increase to 1.30k users by 2029, with user penetration reaching 0.0% by the same year.
The average revenue per user (ARPU) is predicted to be US$84.50.
It is worth noting that 61% of the total revenue generated in the Camping market in Armenia by 2029 will come from online sales.
In global comparison, United States is expected to generate the most revenue in this market, with a projected revenue of US$26bn in 2024.
Armenia's rich cultural heritage and stunning natural landscapes make it an emerging destination for eco-friendly camping experiences.

Definition:

The Camping market includes bookings at camping sites for pitches using tents, campervans, or trailers. These can be a part of big chains like Kampgrounds of America (KOA) or privately managed campsites.

Additional Information:

The main performance indicators of the Camping market are revenues, average revenue per user (ARPU), users and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues. Users represent the aggregated number of guests at the campsite. Each user is only counted once per year.

The booking volume includes all booked travels made by users from the selected region, independent of the departure and arrival. The scope includes domestic and outbound travel.

For further information on the data displayed, refer to the info button right next to each box.

Booking of pitches for tents, campervans, or trailers

Camping equipment
Glamping

Armenia, a country nestled in the South Caucasus region, has seen a growing interest in the Camping market in recent years.

Customer preferences: Armenian consumers are increasingly drawn to the Camping market due to a rising interest in outdoor activities and nature-based experiences. The desire to escape the hustle and bustle of urban life and connect with the country's stunning natural landscapes is a key driver for the growth of camping in Armenia.

Trends in the market: One notable trend in the Camping market in Armenia is the increasing popularity of eco-friendly and sustainable camping practices. Consumers are showing a preference for environmentally conscious products and services, aligning with global trends towards sustainability. This trend has led to the emergence of eco-friendly camping gear and accommodations in the country.

Local special circumstances: Armenia's unique geography and abundant natural beauty play a significant role in shaping the Camping market. With diverse landscapes that include mountains, forests, and lakes, Armenia offers a wide range of camping opportunities for outdoor enthusiasts. The presence of national parks and protected areas further enhances the appeal of camping in the country, providing opportunities for activities such as hiking, birdwatching, and stargazing.

Underlying macroeconomic factors: The development of the Camping market in Armenia is also influenced by macroeconomic factors such as the growth of the tourism industry and government initiatives to promote outdoor recreation. As the tourism sector expands, there is a corresponding increase in infrastructure to support camping activities, including campgrounds, facilities, and services. Additionally, government efforts to position Armenia as a destination for sustainable tourism have contributed to the growth of the Camping market in the country.

Data coverage:

Data refers to enterprises (B2C). Figures are based on camping nights, prices, average length of stay, and camping frequencies.

Modeling approach:

We use industry associations, UNWTO data, the Statista Consumer Insights survey, and pricing data of websites to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as tourism GDP, share of internet users, and demographic data.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market. For the camping market, Holt-Winters forecast, ARIMA, and Bayesian Ridge regression were used. The main drivers are the tourism GDP per capita and the share of internet users.

Additional notes: :

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change.

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