Market Insights Mobility Travel & Tourism

Camping - Costa Rica

Costa Rica

Costa Rica is expected to see a significant rise in revenue for the Camping market, with a projected amount of €0.79m in 2024.
The sector is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 9.26% between 2024 and 2029, resulting in a market volume of €1.23m by 2029.
Furthermore, the number of users is expected to increase to 18.32k users by 2029, while user penetration is expected to decrease from 0.2% in 2024 to 0.3% in 2029.
The average revenue per user (ARPU) is projected to be €66.86.
By 2029, online sales are expected to contribute to 62% of the total revenue generated in the Camping market in Costa RiHowever, in a global comparison, United States is expected to generate the highest revenue in this sector, with a projected revenue of €23,690m in 2024.
Costa Rica's camping market is thriving due to its diverse and stunning natural landscapes, attracting eco-tourists and adventure seekers alike.

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

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Analyst Opinion

Costa Rica, known for its stunning natural landscapes and biodiversity, has seen a growing trend in the Camping market.

Customer preferences: Tourists and locals alike are increasingly seeking immersive outdoor experiences, leading to a rise in camping as a preferred accommodation choice. The desire for adventure, eco-friendly travel options, and a closer connection to nature are driving this shift in consumer preferences.

Trends in the market: In Costa Rica, the Camping market is witnessing a surge in popularity due to the country's abundant natural beauty and diverse ecosystems. Tourists are drawn to the idea of camping in national parks, near beaches, or in the lush rainforests to fully experience the country's unique environment. This trend is also fueled by the growing popularity of sustainable and off-the-grid travel experiences.

Local special circumstances: Costa Rica's emphasis on ecotourism and conservation efforts plays a significant role in the development of the Camping market. The government's commitment to preserving the environment and promoting sustainable tourism has created a supportive ecosystem for camping businesses to thrive. Additionally, the country's safe reputation and stable political climate make it an attractive destination for outdoor enthusiasts looking to explore the wilderness through camping.

Underlying macroeconomic factors: The steady growth of Costa Rica's tourism industry and the increasing number of international visitors contribute to the expansion of the Camping market. As more travelers seek authentic and nature-based experiences, camping emerges as a cost-effective and environmentally friendly lodging option. The country's infrastructure development, including improved road networks and camping facilities, further facilitates the growth of this market segment.

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.