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Companies in this industry operate facilities to accommodate campers using tents, travel trailers, and recreational vehicles (RVs). Major companies include Kampgrounds of America (KOA) and Thousand Trails (both based in the US), as well as Park Resorts (UK).
The US recreational vehicle parks industry includes more than 4,000 RV parks and campgrounds with combined annual revenue of about $2 billion. Most RV parks and campgrounds are single locations and privately held.
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 by obtaining desirable locations. The US RV parks and campgrounds industry is highly fragmented: the 50 largest companies account for about 25 percent of industry revenue.
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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. In addition to tent and RV sites, some parks also offer cabin or cottage rentals.
Typical RV park amenities include a grocery store or snack bar, coin-operated laundry facilities, playgrounds, and a swimming pool or natural swimming area. More expensive campgrounds are gated and might offer golf, tennis, or spa ...
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