Campgrounds & Recreational Vehicle Parks in Canada - Industry Market Research Report

Campgrounds & Recreational Vehicle Parks in Canada - Industry Market Research Report

Campgrounds & Recreational Vehicle Parks in Canada

Over the past five years, Canadian campgrounds and recreational vehicle (RV) parks have experienced modest growth. Operators primarily run RV parks and campgrounds that accommodate campers and provide amenities for a fee, so campgrounds and RV parks largely depend on travel-related trends to drive revenue growth. These trends include RV sales, disposable income and demographic shifts. In recent years, consumer conditions improved to the benefit of the industry. Rising levels of disposable income enabled many individuals to invest in nonessential purchases, including RVs and extended camping vacations. However, COVID-19 severely affected international and domestic travel and put a significant financial strain on many households. In 2020, industry revenue fell 34.3%, which constrained overall revenue growth during the period. Industry revenue is expected to grow at a CAGR of 2.1% to $2.7 billion over the past five years, including increasing 15.9% in 2023 alone. Despite revenue growth, industry profit is expected to decrease amid a difficult operating environment.

The Campgrounds and Recreational Vehicle Parks industry in Canada operates recreational vehicle parks and campgrounds that accommodate campers and their equipment. It includes trailer and caravan parks, vacation camps and children’s summer and wilderness camps. These establishments may also provide access to facilities such as washrooms, laundry rooms, snack bars, recreation halls and playgrounds.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."