After finishing 2021 an astounding 33 percent above the previous record-grossing year, Kampgrounds of America reports a 16.5 percent increase in registration revenue over 2021 in their Q1 Business Report.
Total occupancy for the same period increased by nearly 7 percent. Looking forward, advanced deposits are currently 18.4 percent above where they were at the end of the first quarter of the prior year. KOA also secured three campground conversion contracts, three new construction contracts and acquired five owned locations during the quarter.
Across short-term performance, KOA reports a 17.7 percent increase in short-term, year-to-date revenue. Occupancy also improved during the first quarter of the year by 9.6 percent.
Growth is also reported across KOA’s long-term business as the winter camping season comes to a close. Long-term registration revenue was 14 percent higher than in 2021, and occupancy was up 5 percent.
“Our first-quarter results demonstrate that camping interest remains strong,” said Toby O’Rourke, president and CEO of KOA. “Our business growth in 2021 was unlike anything we’ve seen and was fueled by legions of new campers who tried camping for the first time. Our advanced deposits on future reservations are over 18 percent ahead of where they were at this time last year suggesting that this year, our 60th anniversary, could mark our best year ever.”
