Camping - Philippines

  • Philippines
  • The Camping market in the Philippines is expected to witness a rise in revenue, with projections indicating a revenue of US$135.20m by 2024.
  • Moreover, the market is expected to display a promising annual growth rate (CAGR 2024-2028) of 22.45%, resulting in a projected market volume of US$304.00m by 2028.
  • As for the number of users in the Camping market, it is anticipated to increase to 2,577.00k users by 2028.
  • In 2024, user penetration is expected to be 1.1%, which is predicted to rise to 2.0% by 2028.
  • The average revenue per user (ARPU) is expected to equal US$104.10.
  • Furthermore, 60% of the total revenue in the Camping market is projected to be generated through online sales by 2028.
  • It is interesting to note that United States is expected to generate the highest revenue in the Camping market worldwide, with projections indicating a revenue of US$23,270m in 2024.
  • Camping in the Philippines is becoming increasingly popular among locals and tourists alike, drawn to the country's stunning natural beauty and affordable camping options.

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

 
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Analyst Opinion

The Camping market in Philippines has been experiencing significant growth in recent years, driven by various factors that cater to the preferences of local consumers.

Customer preferences:
Filipinos are increasingly seeking outdoor experiences and adventures, leading to a rise in camping activities. The younger demographic, in particular, is showing a growing interest in nature-based recreational activities as a way to escape the hustle and bustle of urban life.

Trends in the market:
One notable trend in the Camping market in Philippines is the increasing popularity of glamping, a luxurious form of camping that offers more comfort and amenities. This trend caters to consumers who want to experience the outdoors without sacrificing modern conveniences. Additionally, eco-friendly and sustainable camping practices are gaining traction among environmentally conscious consumers.

Local special circumstances:
The Philippines is known for its stunning natural landscapes, including beautiful beaches, mountains, and forests, making it an ideal destination for camping enthusiasts. The country's tropical climate also allows for year-round camping opportunities, further driving the growth of the market. Moreover, the government's efforts to promote tourism and outdoor recreation have contributed to the increasing popularity of camping in the country.

Underlying macroeconomic factors:
Economic growth and rising disposable incomes in Philippines have made outdoor recreational activities more accessible to a larger segment of the population. As more Filipinos have the means to invest in camping gear and equipment, the market continues to expand. Additionally, the growing trend of domestic tourism has encouraged locals to explore their own country, leading to an increase in camping trips and outdoor adventures.

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.

Overview

  • Revenue
  • Sales Channels
  • Analyst Opinion
  • Users
  • Global Comparison
  • Methodology
  • Key Market Indicators
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