Market Insights Mobility Travel & Tourism

Camping - Ecuador

Ecuador

It is projected that the Camping market in Ecuador will generate a revenue of US$0.59m by 2024.
Moreover, the revenue is anticipated to exhibit an annual growth rate (CAGR 2024-2029) of 4.63%, which will result in a market volume of US$0.74m by 2029.
The number of users in the Camping market is also expected to increase and reach 8.09k users by 2029.
In 2024, the user penetration rate is 0.0%, which is expected to increase to 0.0% by 2029.
The average revenue per user (ARPU) is estimated to be US$89.72.
Furthermore, it is expected that 61% of the total revenue in the Camping market will be generated through online sales by 2029.
In terms of global comparison, United States is predicted to have the highest revenue generated in the Camping market, which is projected to be US$25,810m in 2024.
Camping in Ecuador offers a unique opportunity to explore the country's diverse landscapes, from the lush Amazon rainforest to the stunning Andean mountains.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Camping market in Ecuador has been witnessing significant growth and development in recent years.

Customer preferences: Customers in Ecuador are increasingly drawn to camping as a way to reconnect with nature and enjoy outdoor activities. The trend towards sustainable and eco-friendly practices is also influencing customer preferences, with many campers opting for environmentally friendly camping gear and practices.

Trends in the market: One notable trend in the Camping market in Ecuador is the rising popularity of glamping, which combines the experience of camping with luxury amenities. This trend caters to customers looking for unique and comfortable outdoor experiences. Additionally, there is a growing interest in adventure camping, where campers seek out more remote and rugged locations for their outdoor adventures.

Local special circumstances: Ecuador's diverse natural landscapes, including the Amazon rainforest, the Andes mountains, and the Galapagos Islands, make it an ideal destination for camping enthusiasts. The country's rich biodiversity and unique ecosystems offer campers a wide range of experiences, from jungle treks to mountain hikes. This diversity contributes to the appeal of camping in Ecuador and attracts both domestic and international campers.

Underlying macroeconomic factors: Ecuador's growing tourism industry and the government's efforts to promote sustainable tourism practices have also contributed to the development of the Camping market. The increasing disposable income of the middle class in Ecuador has made outdoor recreational activities more accessible to a larger segment of the population. Additionally, the rise of online booking platforms and camping communities has made it easier for campers to find information, book accommodations, and connect with like-minded individuals.

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.