Camping - Montenegro | Statista Market Forecast

Montenegro is projected to generate a revenue of US$9.37k in 2024 within the Camping market.
The revenue is expected to grow annually at a rate of 4.25% between 2024 and 2029, resulting in a projected market volume of US$11.53k by 2029.
It is expected that the number of users in this market will reach 118.20users by 2029.
The user penetration rate is expected to remain constant at 0.0% between 2024 and 2029.
The projected average revenue per user (ARPU) is estimated to be US$101.50.
By 2029, online sales are expected to contribute to 71% of the total revenue generated in the Camping market.
In comparison to other countries, United States is expected to generate the highest revenue of US$26bn in 2024 within the Camping market.
Montenegro's pristine coastline and mountainous terrain offer a diverse range of camping experiences for nature lovers.

Definition:

The Camping market includes bookings at camping sites for pitches using tents, campervans, or trailers. These can be a part of big chains like Kampgrounds of America (KOA) or privately managed campsites.

Additional Information:

The main performance indicators of the Camping market are revenues, average revenue per user (ARPU), users and user penetration rates. Additionally, online and offline sales channel shares display the distribution of online and offline bookings. The ARPU refers to the average revenue one user generates per year while the revenue represents the total booking volume. Revenues are generated through both online and offline sales channels and include exclusively B2C revenues. Users represent the aggregated number of guests at the campsite. Each user is only counted once per year.

The booking volume includes all booked travels made by users from the selected region, independent of the departure and arrival. The scope includes domestic and outbound travel.

For further information on the data displayed, refer to the info button right next to each box.

Booking of pitches for tents, campervans, or trailers

Camping equipment
Glamping

The Camping market in Montenegro has been experiencing significant growth in recent years, attracting both domestic and international tourists seeking outdoor adventures in the country's stunning natural landscapes.

Customer preferences: Tourists visiting Montenegro are increasingly looking for unique and immersive experiences, opting for camping as a way to connect with nature and explore the country's diverse terrain. Many campers are drawn to the freedom and flexibility that camping offers, allowing them to tailor their travel experience to their preferences.

Trends in the market: One notable trend in the Montenegro camping market is the rise of eco-friendly and sustainable camping practices. Campgrounds and outdoor accommodation providers are increasingly focusing on environmentally conscious initiatives to appeal to the growing number of eco-conscious travelers. Additionally, there is a noticeable increase in the popularity of glamping, offering a more luxurious camping experience for those seeking comfort in nature.

Local special circumstances: Montenegro's unique geographical features, including its picturesque coastlines, rugged mountains, and crystal-clear lakes, make it a prime destination for camping enthusiasts. The country's national parks and protected areas provide ample opportunities for outdoor activities, attracting campers looking to explore the natural beauty of Montenegro.

Underlying macroeconomic factors: The growth of the camping market in Montenegro can also be attributed to the overall increase in tourism in the country. As Montenegro continues to gain popularity as a travel destination, the demand for alternative accommodation options such as camping is on the rise. Additionally, the affordability and accessibility of camping make it an attractive choice for budget-conscious travelers looking to experience the beauty of Montenegro without breaking the bank.

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.

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