DUBLIN--June 29, 2012: Research and Markets (Research and Markets) has announced the addition of the "Recreational Vehicle Parks" report to their offering.
The US recreational vehicle parks industry includes more than 4,000 RV parks and campgrounds with combined annual revenue of more than $2 billion. Top RV park operators include Kampgrounds of America (KOA) and Thousand Trails. Most RV parks and campgrounds are single locations and privately held. The RV parks and campgrounds industry is highly fragmented: the 50 largest companies account for about 25 percent of industry revenue.
Demand is driven by personal income and tourist travel. The profitability of individual campgrounds depends on site occupancy rate and effective marketing. Large campgrounds have advantages in diversity of site offerings and amenities. Small campgrounds can compete effectively by marketing to their target demographic and through favorable site location. Campground operations are labor-intensive: average annual revenue per employee is about $85,000.
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Major services are campground rentals (75 percent of industry revenue) and groceries and meals (10 percent). Other revenue sources include dues and fees for membership campgrounds. Campground rental generally includes utility hookups for power, water, sewage, and propane gas.
Typical RV park amenities include a grocery store or snack bar, coin-operated laundry facilities, and a swimming pool or natural swimming area. More expensive campgrounds might offer golf, tennis, or spa facilities.
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