Market Insights Mobility Travel & Tourism

Camping - Mexico

Mexico

Mexico's Camping market is forecasted to generate a revenue of US$26.10m in 2024.
The revenue is expected to grow annually at a rate of 5.67% between 2024 and 2029, leading to a projected market volume of US$34.38m by 2029.
Moreover, the number of users in this market is expected to reach 264.70k users by 2029 with user penetration projected to increase from 0.2% in 2024 to 0.2% in 2029.
Additionally, the average revenue per user (ARPU) is expected to be US$121.30.
In terms of sales, 62% of the Camping market's total revenue is expected to be generated through online channels by 2029.
Finally, it is worth noting that United States is expected to generate the highest revenue in the Camping market globally, with a projection of US$25,810m in 2024.
Mexico's camping market is on the rise thanks to its diverse landscape, from beachside campsites to mountainous regions.

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

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Analyst Opinion

The Camping market in Mexico has been experiencing a significant growth in recent years, driven by changing consumer preferences, emerging trends, and unique local circumstances.

Customer preferences: Mexican consumers are increasingly seeking outdoor experiences and adventure, leading to a growing interest in camping as a recreational activity. The younger demographic, in particular, is showing a preference for eco-friendly and sustainable camping options, aligning with global trends towards responsible tourism.

Trends in the market: One notable trend in the Mexican camping market is the rise of glamping, a luxurious form of camping that offers unique and upscale accommodations in natural settings. This trend caters to consumers looking for comfort and convenience while still enjoying the beauty of the outdoors. Additionally, the popularity of camping near cultural and historical sites is on the rise, as campers seek to combine their outdoor experience with learning about Mexico's rich heritage.

Local special circumstances: Mexico's diverse geography and natural beauty play a significant role in shaping the camping market. From stunning beaches to lush forests and arid deserts, the country offers a wide range of camping opportunities for outdoor enthusiasts. The presence of national parks and protected areas further enhances the appeal of camping in Mexico, providing unique experiences for nature lovers.

Underlying macroeconomic factors: The growth of the camping market in Mexico can also be attributed to favorable macroeconomic conditions, including increasing disposable income levels and a growing middle class. As more Mexicans have the financial means to invest in outdoor activities and travel, the camping market is poised to continue its expansion. Additionally, government initiatives to promote tourism and outdoor recreation contribute to the overall development of the camping industry in Mexico.

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.