Market Insights Mobility Travel & Tourism

Camping - Bhutan

Bhutan

According to recent projections, the Camping market in Bhutan is expected to generate a revenue of US$4.27k by 2024.
The revenue is anticipated to increase at an annual growth rate (CAGR 2024-2029) of 8.12%, culminating in a market volume of US$6.31k by 2029.
Additionally, the number of users in this market is expected to rise to 59.45users by 2029.
It is noteworthy that user penetration is expected to reach 0.0% by 2029, starting from [userPenetrationMarketCurrentYear] in 2024.
The average revenue per user (ARPU) is expected to be US$101.40.
Furthermore, it is predicted that 61% of the total revenue will be generated through online sales by 2029.
In a global comparison, United States is expected to generate the highest revenue in this market, with a projected revenue of US$25,810m in 2024.
Camping in Bhutan offers unique opportunities for eco-tourism enthusiasts to experience the country's stunning natural beauty and traditional culture.

Key regions: Singapore, United Kingdom, Indonesia, India, Vietnam

Market

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Analyst Opinion

The Camping market in Bhutan is experiencing a surge in popularity, driven by a growing interest in outdoor activities and eco-tourism in the region.

Customer preferences: Customers in Bhutan are increasingly seeking unique and immersive experiences in nature, leading to a rise in demand for camping adventures. The trend towards sustainable and environmentally friendly travel options is also influencing customer preferences, with many campers opting for eco-friendly camping gear and practices.

Trends in the market: One of the notable trends in the Camping market in Bhutan is the growing popularity of glamping, which offers a luxurious camping experience in stunning natural settings. This trend caters to customers looking for comfort and convenience while still enjoying the beauty of the outdoors. Additionally, there is a rise in adventure camping experiences that include activities such as trekking, bird watching, and cultural interactions with local communities.

Local special circumstances: Bhutan's unique landscape and rich biodiversity make it an ideal destination for camping enthusiasts. The country's strict regulations on tourism and conservation efforts have helped preserve its natural beauty, attracting campers looking for unspoiled and pristine environments. Furthermore, the government's focus on promoting sustainable tourism aligns with the preferences of campers seeking responsible and ethical travel options.

Underlying macroeconomic factors: The growth of the Camping market in Bhutan is also influenced by macroeconomic factors such as increasing disposable income, urbanization, and government initiatives to promote tourism. As more Bhutanese have the financial means to invest in outdoor activities, the camping market is likely to continue expanding. Additionally, the government's efforts to improve infrastructure and accessibility to camping sites are expected to further boost the market in the coming years.

Methodology

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.