Camping - Bolivia | Statista Market Forecast

By 2024, in Bolivia is projected to generate a revenue of US$222.30k in the Camping market.
This market is expected to exhibit an annual growth rate (CAGR 2024-2029) of 8.44%, which will lead to a projected market volume of US$333.40k by 2029.
In the same year, the number of users in the Camping market is expected to be around 3.81k users.
The user penetration rate is anticipated to increase from 0.0% in 2024 to 0.0% by 2029.
The average revenue per user (ARPU) is estimated to be US$83.52.
Furthermore, in the Camping market of Bolivia, 60% of the total revenue is expected to be generated through online sales by 2029.
It is worth noting that United States is expected to generate the most significant revenue in the Camping market, with a projected revenue of US$26bn in 2024, compared to in Bolivia.
Bolivia's diverse geography and natural beauty make it an emerging destination for eco-camping enthusiasts.

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

The Camping market in Bolivia has been experiencing notable growth in recent years, reflecting changing consumer preferences and local special circumstances.

Customer preferences: Bolivian consumers are increasingly seeking outdoor experiences and adventure tourism, leading to a rising interest in camping as a recreational activity. The younger demographic, in particular, is driving this trend, as they look for budget-friendly ways to explore the country's natural beauty.

Trends in the market: One of the prominent trends in the Bolivian camping market is the growing popularity of eco-friendly and sustainable camping practices. Consumers are showing a preference for environmentally conscious products and services, such as biodegradable camping gear and leave-no-trace camping principles. This trend aligns with global movements towards sustainability and responsible tourism.

Local special circumstances: Bolivia's diverse geography and rich natural resources make it an ideal destination for camping enthusiasts. The country offers a wide range of camping opportunities, from the Amazon rainforest to the Andean mountains, attracting both domestic and international campers. Additionally, the government's focus on promoting tourism and outdoor activities further boosts the camping market in Bolivia.

Underlying macroeconomic factors: The growth of the camping market in Bolivia is also influenced by macroeconomic factors such as increasing disposable income levels and improving infrastructure for tourism. As more Bolivians have higher purchasing power, they are willing to invest in outdoor experiences like camping. Moreover, the government's investments in tourism infrastructure, such as campgrounds and hiking trails, make it easier for people to engage in camping activities across 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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