PUBLISHER: SkyQuest | PRODUCT CODE: 1461632
PUBLISHER: SkyQuest | PRODUCT CODE: 1461632
Global Glamping Market size was valued at USD 2.72 billion in 2022 and is poised to grow from USD 3 billion in 2023 to USD 6.52 billion by 2031, growing at a CAGR of 10.20% during the forecast period (2024-2031).
The rise of social media is expected to increase public awareness of glamping and its benefits, while travel websites offering discounts and appealing vacation packages are poised to boost the industry. American cities leverage festivals to attract talent and stimulate business, with glamping, also known as luxurious camping, emerging as a favored consumer trend. The proliferation of concerts and music festivals globally is predicted to further support the glamping sector. Factors like available time, consumer willingness to invest in luxury travel experiences, and a preference for experiential over material indulgence are anticipated to drive industry growth from 2022 to 2030. Glamping offers outdoor travel experiences sans the hassle of equipment procurement, often featuring upscale amenities akin to hotels. Partnering with established hotels, restaurants, tech providers, and entertainment entities is a strategy many in the market are likely to pursue for expansion and revenue enhancement. Examples include Gibson teaming up with Under Canvas to enhance guest experiences and Interval International extending its agreement with Westgate Resorts.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Glamping Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Glamping Market Segmental Analysis
The global glamping market is segmented on the basis of accommodation, age group, and region. In terms of accommodation, the market is segmented into cabins & pods, tents, treehouses, yurts, and others. In terms of age group, the market is segmented into 18-32 years, 33-50 years, 51-65 years and above 65 years. Regionwise, the global glamping market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Drivers of the Global Glamping Market
Numerous travelers seek distinctive and unforgettable adventures, and glamping offers an avenue to commune with nature while indulging in opulent lodging.
Restraints in the Global Glamping Market
In the foreseeable future, the burgeoning market for glamping sites could encounter regulatory hurdles concerning zoning, land use, and environmental permits, potentially impeding its expansion and imposing constraints on its growth trajectory.
Market Trends of the Global Glamping Market
In the foreseeable future, glamping sites might encounter obstacles stemming from zoning regulations, land usage restrictions, and the acquisition of environmental permits, potentially impeding market expansion.