September 08, 2021
According to the report titled ‘Global Glamping Market Size study, by Accommodation Type (Cabins and Pods, Tents, Yurts, Treehouses and Others), by Age Group (18 - 32 years, 33 - 50 years, 51 - 65 years and Above 65 years) and Regional Forecasts 2021-2027’, available with Market Study Report, global glamping market was worth USD 1.88 billion in 2020 and is expected to register an annual growth rate of 14.1% during 2021-2027, thereby accumulating USD 4.73 billion by the end of analysis period.
Rising health awareness among the masses, high investments in glamping service companies, and expansion of service portfolio by players are stimulating the progression of global glamping market. For instance, in August 2020, Under Canvas introduced two new camps, Under Canvas Lake & Powell - Grand Staircase in Utah and Under Canvas Acadia in Maine to meet the strong demand for outdoor exploration in the U.S.
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In addition, increasing social media influence, and rise in disposable income of individuals are also fueling the industry expansion.
For the unversed, glamping refers to outdoor camping with amenities and comforts such as beds, electricity, and other luxury items present inside the tents.
Despite the positive outlook, growing popularity of recreation vehicles (RVs), along with busy work schedule of people are likely to hamper the worldwide glamping market development.
Speaking of geographical gamut, the report considers North America, Asia Pacific, Europe, and Latin America as key benefactors to industry valuation. Among these, Europe holds a significant market share currently, owing to surge in number of online services, and inclination of people to go on camping trips irrespective of their age.
Similarly, Asia Pacific market is slated to witness notable gains during 2021-2027, due to flourishing tourism sector, and growth in disposable income of consumers.
Key players formulating the competitive landscape of global glamping industry are Hoshino Resort Co., Ltd., The Last Best Beef LLC, Getaway House, Inc, Eco Retreats, PurePods Ltd., Baillie Lodges, Paperbark Camp, Nightfall Camp Pty Ltd., Wildman Wilderness Lodge, and Tanja Lagoon Camp.