Market Insights Mobility Travel & Tourism

Camping - Central America

Central America

Central America is projected to see a noteworthy growth in the Camping market revenue, which is expected to reach US$2.79m by 2024.
Moreover, the revenue is anticipated to display a Compound Annual Growth Rate (CAGR 2024-2029) of 7.95%, resulting in a projected market volume of US$4.09m by 2029.
As for the number of users in this market, it is expected to reach 52.84k users by 2029, with a user penetration of 0.1% in 2024 and an expected growth to 0.1% by 2029.
The average revenue per user (ARPU) is expected to be US$77.35.
In addition, online sales are expected to generate 60% of the total revenue in the Camping market by 2029.
It is interesting to note that in global comparison, United States is projected to generate the majority of revenue in this market, with an expected revenue of US$25,810m in 2024.
In Central America, camping enthusiasts can explore the lush jungles and pristine beaches of Costa Rica, offering a unique experience for nature lovers.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Camping market in Central America has been experiencing significant growth in recent years, driven by various factors influencing consumer behavior and market dynamics in the region.

Customer preferences: Customers in Central America are increasingly seeking outdoor experiences and adventure, leading to a rise in camping as a popular recreational activity. The trend towards sustainable and eco-friendly practices has also influenced consumer preferences, with many campers opting for environmentally friendly camping gear and practices.

Trends in the market: In countries like Costa Rica and Panama, there has been a noticeable increase in glamping (luxury camping) offerings to cater to a segment of the market seeking more comfort and convenience while still enjoying the outdoors. Additionally, the growing popularity of outdoor activities and the rise of social media have contributed to an increase in camping tourism in the region.

Local special circumstances: Central America's diverse natural landscapes, including lush rainforests, pristine beaches, and volcanic mountains, provide ample opportunities for camping enthusiasts to explore and connect with nature. The region's favorable climate also allows for year-round camping, further fueling the market's growth.

Underlying macroeconomic factors: The improving economic conditions in Central America have increased disposable income levels among the population, enabling more people to invest in outdoor recreational activities like camping. Additionally, government initiatives to promote tourism and outdoor recreation have helped boost the camping market in the region.

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.