Glamping Market – A Dynamic Growth Trajectory

Wednesday, January 3, 2024

It has been seen that the market for glamping is on a dynamic growth route, increasing from $2.54 billion in 2022 to a projected $2.89 billion in 2023-2024, showing an imposing Compound Annual Growth Rate of 13.6%. This drive is expected to continue as the size by 2027 is expected to reach $4.62 billion at a CAGR of 12.5%. The main catalyst for this growth is the increasing admiration of staycations.

Staycations Powering Growth Rate:
The rise in the concept of staycations, ecological vacations taken close to the residence of an individual, is the main factor driving glamping market high. Glamping providing a camping experience with additional lodging services and facilities, flawlessly matches the idea of staycations. For example, the residents of Ireland in Q1 of 2022, took 2.3 million domestic overnight trips. It marked a 7% rise over the same time 2020, as per the Household Travel Survey by Central Statistics Office.

Moreover, in 2021, staycations all over 16 international holiday hotspots have grown by an average of 18%, as reported by Hoo, a UAE-based online hotel room platform. The trend of unified integration of glamping into the staycation is meaningfully driving the growth of the market.

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