Market Insights Mobility Travel & Tourism

Camping - Hong Kong

Hong Kong

Hong Kong's Camping market is projected to generate a revenue of US$30.51m by 2024, with an estimated annual growth rate (CAGR 2024-2028) of -7.70%.
This growth is expected to result in a market volume of US$22.14m by 2028.
In terms of users, the Camping market is expected to have 0.25m users users by 2028.
The user penetration rate is projected to decrease from 4.7% in 2024 to 3.3% by 2028.
The average revenue per user (ARPU) is estimated to be US$87.30.
By 2028, online sales are expected to generate 75% of the Camping market's total revenue.
In comparison to other countries, United States is expected to generate the highest revenue, with a projected revenue of US$23,270m in 2024.
Camping is gaining popularity among Hong Kong locals as a unique way to escape the hustle and bustle of the city.

Key regions: Vietnam, India, Germany, Saudi Arabia, United Kingdom

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Analyst Opinion

The Camping market in Hong Kong has been experiencing significant growth and development in recent years.

Customer preferences: Customers in Hong Kong are increasingly drawn to camping as a way to escape the hustle and bustle of city life and reconnect with nature. The rising popularity of outdoor activities and eco-tourism has led to a growing interest in camping among both locals and tourists.

Trends in the market: One notable trend in the Camping market in Hong Kong is the increasing demand for eco-friendly and sustainable camping gear. Consumers are becoming more environmentally conscious and are seeking products that are both high quality and environmentally friendly. This trend is driving innovation in the market, with companies introducing new sustainable camping products to meet the growing demand.

Local special circumstances: Hong Kong's unique geography and natural landscapes provide ample opportunities for camping and outdoor activities. With its lush mountains, picturesque beaches, and scenic hiking trails, Hong Kong offers a diverse range of camping experiences for outdoor enthusiasts. The government's efforts to promote outdoor recreation and conservation initiatives have also contributed to the growth of the Camping market in the region.

Underlying macroeconomic factors: The growing popularity of camping in Hong Kong can also be attributed to broader macroeconomic factors such as rising disposable incomes and changing consumer preferences. As more people seek experiences over material possessions, the demand for outdoor activities like camping is on the rise. Additionally, the impact of the COVID-19 pandemic has led to a shift towards domestic tourism and outdoor recreation, further fueling the growth of the Camping market in Hong Kong.

Methodology

Data coverage:

Data refers to enterprises (B2C). Figures are based on camping nights, prices, average length of stay, and camping frequencies.

Modeling approach:

We use industry associations, UNWTO data, the Statista Consumer Insights survey, and pricing data of websites to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as tourism GDP, share of internet users, and demographic data.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market. For the camping market, Holt-Winters forecast, ARIMA, and Bayesian Ridge regression were used. The main drivers are the tourism GDP per capita and the share of internet users.

Additional notes: :

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change.