Market Insights Mobility Travel & Tourism

Camping - Togo

Togo

It is projected that the Camping market in Togo will generate a revenue of US$29.43k by the year 2024.
The revenue is anticipated to exhibit an annual growth rate (CAGR 2024-2029) of 6.27%, which is expected to translate into a projected market volume of US$39.89k by 2029.
Moreover, the number of users in the Camping market is estimated to reach 0.74k users by 2029, with a user penetration rate of 0.0% in 2024 and expected to remain unchanged by 2029.
The average revenue per user (ARPU) is expected to be US$63.07.
Additionally, online sales are likely to account for 55% of the total revenue in the Camping market by 2029.
Finally, it is worth noting that, in comparison to other countries, United States is expected to generate the highest revenue in the Camping market with a projected revenue of US$25,810m in 2024.
Camping in Togo provides an authentic and immersive experience for adventurous travelers seeking to explore the country's diverse wildlife and cultural heritage.

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

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Analyst Opinion

The Camping market in Togo is experiencing a noticeable growth trajectory in recent years.

Customer preferences: Customers in Togo are increasingly drawn to camping as a form of affordable and adventurous travel, seeking to explore the country's natural beauty and cultural heritage. The trend towards eco-tourism and sustainable travel practices is also influencing customer preferences in the camping market.

Trends in the market: One prominent trend in the camping market in Togo is the rise of glamping, a more luxurious and comfortable camping experience that appeals to travelers seeking both nature and comfort. Additionally, an increasing number of camping sites and facilities are being developed across the country to cater to the growing demand from both domestic and international tourists.

Local special circumstances: Togo's unique landscapes, including national parks, beaches, and wildlife reserves, offer diverse camping opportunities for enthusiasts. The government's efforts to promote tourism and improve infrastructure are also contributing to the growth of the camping market in Togo.

Underlying macroeconomic factors: The overall growth of the tourism sector in Togo, driven by government initiatives and investments, is a key macroeconomic factor supporting the development of the camping market. Additionally, the country's stable political environment and improving economic conditions are boosting consumer confidence and spending on leisure activities like camping.

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.