Camping And Caravanning Market| Edition 2023 | Recent Develo…
(MENAFN- EIN Presswire)
Some of the market players are ACCOR SA, Hilton Worldwide Holdings Inc., International Palamos, Radisson Hotel Group, Haven Liesure Limited, HIP camp, TENTRR
ISLE OF MAN, ISLE OF MAN, February 7, 2023 /einpresswire.com / — Camping And Caravanning Market Value and CAGR
The global camping and caravanning market will expand at a CAGR of 7.6% over 2020-2030. Caravan tourism is gaining popularity across the globe due to the flexibility and freedom that it provides when it comes to accommodation on holidays. The caravans are popularly used for holidays and tours even in remote areas where finding proper accommodation becomes difficult. Currently, in many regions, wildlife and other adventure tourism is gaining popularity. Lack of insufficient accommodation is already a major problem in many remote areas, especially in the developing and underdeveloped countries. Such situations are likely to fuel the growth in the global camping and caravanning market.
Camping And Caravanning Market Growth Drivers and Risks
There are several factors that can drive the growth of the camping and caravanning market:
.Increasing interest in outdoor and adventure activities: As more people look for ways to disconnect from their daily lives and spend time in nature, camping and caravanning can be attractive options.
.Rising disposable incomes: Higher disposable incomes can allow people to afford the costs associated with camping and caravanning, such as purchasing or renting a caravan or paying for campsite fees.
.Growing popularity of ‘staycations’: With increasing travel restrictions and concerns about the environmental impact of air travel, more people may opt for vacations closer to home, including camping and caravanning trips.
There are also several risks that could negatively impact the camping and caravanning market:
.Economic downturn: During economic recessions, people may cut back on discretionary spending, including vacations.