Tree Glamping Market Size, Share and Trend Analysis Report by Age Group, Booking Method, Region and Segment, 2021
Treehouse Market Size, Share and Trend Analysis Report by Age Group (18-32 Years, 33-50 Years, 51-65 Years, Above 65 Years), by booking method, by region and by segment, 2021-2028
New York, May 26, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Treehouse Glamping Market Size, Share & Trends Analysis Report By Age Group, By Booking Mode, By Region And Segment Forecasts, 2021-2028” – https://www.reportlinker.com/p06075838/?utm_source=GNW
Tree Glamping Market Growth and Trends
The global tree glamping market size is projected to reach USD 363.6 million by 2028. It is expected to grow at a CAGR of 8.7% from 2021 to 2028. At present, camping has grown to grow at a CAGR of 8.7% from 2021-2028. one of the best outdoor activities for many people, however, it is an unpleasant experience for some. Therefore, the tourism industry has introduced a new concept called glamping, which combines camping and a comfortable and luxurious stay experience.
Many consumers are inclined to the idea of tree glamping because it camps for the new generation and allows an escape without compromising on comfort. With luxury furnishings, plush beds, and awe-inspiring nature and wildlife experience, consumers are more drawn to the idea of tree glamping than regular camping.
The major treehouse glamping providers offer a wild camping experience as well as luxurious amenities, such as portable toilets, indoor toilets, comfy beds, kitchen appliances, TVs, Wi-Fi and air conditioning. the perfect combination of an overall outdoor and indoor experience, especially for families and couples.
This in turn is expected to positively impact the growth of the market during the forecast period.
Glamping globally has seen an influx of hotel brand investments in emerging regions, such as India, Africa, Southeast Asia and the Middle East. Although the COVID-19 pandemic has slowed the investment momentum in the sector, the market space for glamping in cabins has consolidated.
With steady progress in economic recovery and acceleration of hosting, companies are investing in modernizing existing facilities and closing sites deemed redundant. In January 2021, Under Canvas announced an investment of $ 15 million to modernize its seven existing facilities and build two new camps in the U.S. Most of the modernization investments are aimed at making the facilities environmentally friendly and sustainable and improve the architectural landscape and facilities.
Investment mechanisms in the industry have also evolved from the days of systemic venture capital or family investment companies to tree glamping companies being created through crowdfunding, such as O2 Treehouses. , an Oakland-based company, which has launched a crowdfunding campaign for its new business, Treewalkers.
The campaign aims to grow the franchise-based company in the tree glamping business in the United States.
Highlights of the Tree Glamping Market Report
• The online booking modes segment is expected to have the fastest CAGR of 9.7% from 2021 to 2028. This is attributed to the increasing penetration of internet and smartphones across countries
• By age group, the 18 to 32 segment held the largest share of over 40.0% in 2020 due to the growing trend of travel and tourism among millennials.
• Europe held the largest share of over 45.0% in 2020 and is expected to remain at the forefront during the forecast period. Growing travel connectivity and the rapid penetration of high-speed internet make it necessary to explore new, exotic and exciting places in the region.
Read the full report: https://www.reportlinker.com/p06075838/?utm_source=GNW
ReportLinker is an award winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
CONTACT: Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001