Camping - Puerto Rico

Puerto Rico

Highlights

Puerto Rico is expected to witness significant growth in the Camping market, with revenue projected to reach US$2.46m by 2024.
The market is anticipated to display a Compound Annual Growth Rate (CAGR) of 5.10% from 2024 to 2029, resulting in a projected market volume of US$3.16m by 2029.
By 2029, the number of users in the Camping market is expected to amount to 41.86k users.
In 2024, user penetration is predicted to be 1.1%, which is projected to increase to 1.3% by 2029.
The average revenue per user (ARPU) is expected to be US$71.20.
Online sales are expected to generate 61% of total revenue in the Camping market by 2029.
In comparison to other countries, United States is projected to generate the highest revenue in the Camping market, with US$26bn in 2024.
Camping in Puerto Rico is gaining popularity due to its diverse landscapes and unique cultural experiences.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Camping market in Puerto Rico is experiencing a notable growth trajectory, driven by a combination of unique customer preferences, emerging trends, and local special circumstances.

Customer preferences: Customers in Puerto Rico are increasingly seeking outdoor recreational activities that allow them to connect with nature and enjoy the island's natural beauty. Camping provides an affordable and adventurous way for both locals and tourists to experience the diverse landscapes of Puerto Rico, from lush rainforests to picturesque beaches. The desire for eco-friendly and sustainable travel options also contributes to the popularity of camping among environmentally conscious consumers.

Trends in the market: One of the key trends shaping the Camping market in Puerto Rico is the rise of glamping, a luxurious form of camping that offers upscale amenities and accommodations in natural settings. This trend caters to customers looking for unique and comfortable outdoor experiences without compromising on comfort. Additionally, the increasing popularity of adventure tourism in Puerto Rico has led to a growing demand for camping gear, equipment, and accessories, driving the growth of related retail businesses.

Local special circumstances: Puerto Rico's status as a tropical island with a year-round warm climate makes it an ideal destination for camping enthusiasts seeking outdoor adventures. The island's diverse terrain, including mountains, forests, and beaches, provides a wide range of camping opportunities for visitors of all preferences and experience levels. Moreover, the local government's efforts to promote sustainable tourism and conservation initiatives have further boosted the Camping market by creating more camping-friendly facilities and protected natural areas for outdoor enthusiasts to explore.

Underlying macroeconomic factors: The economic impact of natural disasters, such as hurricanes, has led to a shift in consumer behavior towards more budget-friendly travel options like camping. As Puerto Rico continues to recover and rebuild its tourism infrastructure, camping offers a cost-effective alternative to traditional accommodations, attracting budget-conscious travelers and supporting the local economy. Additionally, the global trend towards experiential travel and outdoor recreation has influenced the Camping market in Puerto Rico, as more travelers prioritize unique experiences and authentic connections with nature during their trips to the island.

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.