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Key regions: Singapore, United Kingdom, Indonesia, India, Vietnam
The Camping market in LATAM has been experiencing significant growth in recent years, driven by a combination of factors unique to the region.
Customer preferences: Customers in LATAM have shown a growing interest in outdoor activities and eco-tourism, leading to an increased demand for camping equipment and accessories. The desire to explore the diverse natural landscapes of the region has fueled the popularity of camping as a cost-effective and immersive way to experience the outdoors.
Trends in the market: In Brazil, for example, camping has become a popular choice for both domestic and international tourists looking to explore the country's stunning beaches, rainforests, and national parks. The rise of social media influencers showcasing their camping adventures has also contributed to the trend, inspiring more people to take up camping as a recreational activity.
Local special circumstances: Countries like Argentina and Chile, known for their breathtaking mountain ranges and picturesque landscapes, have seen a surge in camping tourism. The availability of campsites with basic amenities and proximity to popular hiking trails has made these countries attractive destinations for camping enthusiasts. Additionally, the relatively low cost of camping compared to traditional accommodation options has made it a preferred choice for budget-conscious travelers.
Underlying macroeconomic factors: The economic stability and growth in many LATAM countries have also played a role in the development of the camping market. As disposable incomes rise and access to outdoor recreational areas improves, more people are opting for camping as a way to disconnect from urban life and reconnect with nature. The thriving tourism industry in the region has further boosted the camping market, with tour operators and travel agencies incorporating camping packages into their offerings to cater to the growing demand.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)