Kampgrounds of America released its second quarter business results July 21, and after finishing 2021 an astounding 33% above the previous record-grossing year, the company said its revenue continued to grow in the second quarter, just not at such a frantic pace.
Compared to the second quarter last year, registration revenue improved by 5.9% in Q2. Looking forward, advanced deposits are ahead of where they were at the end of last year, finishing the second quarter up 1.8%. Advanced deposits were up nearly 64% over the same time period in 2019, the strongest camping year prior to the pandemic.
“The pandemic brought a large, new audience into the great outdoors,” said Toby O’Rourke, president and CEO of KOA. “We see outdoor travel continuing to resonate and many are camping again this year. However, other forms of vacation are rebounding and some campers are adding those back into their plans. Last year, our business surpassed every expectation and we are keeping pace with it thus far this year. The surge of interest in camping the past couple of years has reset our forecasts and established a new bar well ahead of pre-pandemic numbers that we will benchmark and plan against going forward.”
KOA’s long-term business closed the quarter similarly. Long-term registration revenue was 6.9% higher than in 2021, while occupancy was down 3.3%.
