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| Above, the Cortez, Colorado KOA office. Photo by Armand Vaquer. |
We all like success stories, right?
Well, even if you don't, you're getting one here now anyway.
This involves Kampgrounds of America (KOA) and their new record for revenue growth in 2021.
RV Travel reported:
In what is likely the first of many 2021 campground success stories across the industry, Kampgrounds of America says it broke all its existing records last year to set a new high mark in registrations and revenues in the company’s 60-year history.
KOA reported a 33.2% revenue increase over 2020 and a 33% increase in revenue over 2019, the company’s previous highest-grossing year, in their Q4 Business Report. Advanced deposits on future business are up 51% over the previous year, indicating this record growth will continue into 2022. Additionally, KOA continues its expansion in franchise contracts and its company-owned portfolio, adding thirteen new campgrounds, thirteen new construction contracts and fifteen owned locations in 2021.
KOA reported a 41.8% increase in short-term revenue in 2021. Compared to a record 2019, 2021’s short-term revenue is up over 38%. Short-term occupancy for 2021 increased 31.4% and 21.7% over 2020 and 2019, respectively.
In the interests of full disclosure, I am a KOA member and stay at their campgrounds quite often during my travels. I find them pretty consistent and know what to expect at each one.
To read more, go here.
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