RV Parks and Campgrounds
Industry Profile Report
Dive Deep into the industry with a 25+ page industry report (pdf format) including the following chapters
Industry Overview Industry Structure, How Firms Opertate, Industry Trends, Credit Underwriting & Risks, and Industry Forecast.
Call Preparation Quarterly Insight, Call Prep Questions, Industry Terms, and Weblinks.
Financial Insights Working Capital, Capital Financing, Business Valuation, and Financial Benchmarks.
Industry Profile Excerpts
Industry Overview
The 4,200 RV parks and campgrounds in the US provide sites to accommodate campers and camping equipment, including tents and trailers. Major revenue categories include fees for RV and tent sites and room or unit accommodations. Other sources of revenue include meals, snacks, and beverages; membership fees and dues; other rental fees; and groceries.
Seasonality
Sales can be highly seasonal, depending on market-specific dynamics and weather conditions.
Dependence On RV Ownership
RV ownership trends can affect sales for the RV park industry.
Industry size & Structure
The average RV park and campground company operates out of a single location, employs 12-13 workers, and generates about $1-2 million annually.
- The RV park and campground industry consists of about 4,200 firms that operate 4,500 establishments, employ about 55,000 workers and generate about $7 billion annually.
- The industry is fragmented; the top 50 companies account for 27% of industry revenue.
- The industry includes chains, franchises, and independent operators.
- Commercial parks and campgrounds are privately-owned. Public facilities are owned by government entities, such as the National Park Service and USDA National Forest Services.
- Large companies include KOA (Kampgrounds of America) and Thousand Trails.
Industry Forecast
RV Parks and Campgrounds Industry Growth
Coronavirus Update
Apr 18, 2022 - Decline In New Cases Flatlines
- The Omicron BA.2 coronavirus subvariant has flattened the steep drop in official COVID-19 case counts that the country had experienced after the BA.1 surge in the winter. Visits to RV parks and campgrounds may remain elevated if the number of new cases spikes again. Hospitalizations and deaths are still decreasing in late April, but concerns are rising about unvaccinated and unboosted people, who remain more vulnerable to serious illness and death. BA.2, which is more transmissible and has spread even faster than BA.1, has quickly risen to account for what the Centers for Disease Control and Prevention estimates to be 86% of all US cases. Twenty states have seen the number of new cases reported daily increase by at least 30% in the past two weeks. Experts believe that two new subvariants may be contributing to this growth.
- RV manufacturers shipped 577,200 units in 2021, a 14.4% increase over the previous annual record of 504,600 set back in 2017, according to the RV Industry Association (RVIA). The RVIA expects shipments to total between 586,300 and 614,100 in 2022.
- Many RV parks and campgrounds are regularly full to capacity as residential building rents and housing prices increase due largely to the coronavirus pandemic and more people resort to moving into their RVs. The Boise Riverside RV Park in Idaho, for example, has 200 applications from people wanting to park there. “The demand has doubled or tripled,” park employee Nanette Wilson said. “We are full every night. Most of the park’s month-to-month residents are people who can’t afford a house or apartment.” Natalie Sandoval, homeless education liaison for the Nampa (IA) School District, said many Nampa families who were facing homelessness bought RVs or campers with their stimulus checks.
- Florida is seeing the most growth in terms of new RV parks, according to the state Association of RV Parks and Campgrounds. Florida is benefiting from the pandemic-driven shift in the perception of RV parks and campgrounds from last-resort facilities to desirable destinations, some of which offer elite retirement community or family-style amenities such as Olympic-size pools, elaborate community centers, and sports facilities. "Now you can live in a gated (park) with a group of people that have basically become family," said Association president and CEO Bobby Cornwell.
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