Market Insights Mobility Travel & Tourism

Camping - Caribbean

Caribbean

The Camping market in Caribbean is anticipated to witness a rise in revenue, with projections indicating a rise to US$5.75m by 2024.
In the subsequent years, the revenue is expected to grow at an annual rate of 6.88% (CAGR 2024-2029), resulting in a projected market volume of US$8.02m by 2029.
Furthermore, the number of users in the Caribbean Camping market is expected to reach 95.73k users by 2029.
It is worth noting that user penetration in 2024 is estimated to be 0.2% and is projected to increase to 0.2% by 2029.
The average revenue per user (ARPU) is also expected to rise, with an estimated value of US$80.52.
Additionally, a significant portion of the total revenue (61%) in the Camping market is expected to be generated through online sales by 2029.
Finally, in a global comparison, United States is projected to generate the highest revenue in the Camping market, with an estimated value of US$25,810m in 2024.
Caribbean camping sites are becoming increasingly popular among adventure seekers looking for unique outdoor experiences in tropical climates.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Camping market in Caribbean has been experiencing significant growth and development in recent years.

Customer preferences: Camping enthusiasts in the Caribbean region are increasingly looking for unique and immersive experiences in nature. They prefer campsites that offer a range of amenities and activities, such as hiking trails, water sports, and cultural experiences. Many campers also seek eco-friendly and sustainable camping options that allow them to minimize their environmental impact while enjoying the natural beauty of the Caribbean.

Trends in the market: One prominent trend in the Caribbean camping market is the rise of glamping, a luxurious form of camping that combines the comforts of a hotel with the experience of camping in nature. Glamping sites in the Caribbean often feature upscale accommodations, gourmet dining options, and personalized services, attracting a more upscale clientele. Additionally, there is a growing interest in adventure camping, with more travelers seeking adrenaline-pumping activities like zip-lining, rock climbing, and cave exploration as part of their camping experience.

Local special circumstances: The unique geography and biodiversity of the Caribbean region contribute to the popularity of camping as a recreational activity. From lush rainforests to pristine beaches, campers in the Caribbean have a wide range of stunning natural environments to choose from. Many campsites in the Caribbean also offer proximity to cultural attractions and historical sites, allowing campers to immerse themselves in the rich heritage of the region while enjoying outdoor adventures.

Underlying macroeconomic factors: The growth of the camping market in the Caribbean can be attributed to several macroeconomic factors, including the increasing popularity of experiential travel among tourists. As more travelers seek authentic and memorable experiences, camping provides a unique opportunity to connect with nature and local communities. Additionally, the rise of digital nomadism and remote work has made outdoor destinations like the Caribbean more accessible to travelers looking to combine work and leisure, driving demand for camping accommodations with reliable internet connectivity and coworking spaces.

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.