🧵 RV Park 101:
(1/4) On the hospitality side of the industry, we generally have 2 broad categories of parks/campsites:
Transient - short-term stays. Near tourist destinations or conveniently located off the highway with easy in/out sites, “pull-throughs”. E.g. KOA Journey…
(1/4) On the hospitality side of the industry, we generally have 2 broad categories of parks/campsites:
Transient - short-term stays. Near tourist destinations or conveniently located off the highway with easy in/out sites, “pull-throughs”. E.g. KOA Journey…
(2/4) Seasonal/long-term stay - more of a destination park. Also more common in colder climates as parks are closed for the winter season. More highly amenitized. Sometimes “resort-style”. Think of the RV as becoming a vacation home for the consumer. E.g. KOA Holiday or Resort…
(3/4) Analysis.
Transients - ⬆️ revenue but also more operationally intensive w/ ⬆️ payroll. More dependence on camp store income.
Seasonal - lower revenue but more predictable and much less operationally intensive. Campers typically maintain their own sites and pay electric…
Transients - ⬆️ revenue but also more operationally intensive w/ ⬆️ payroll. More dependence on camp store income.
Seasonal - lower revenue but more predictable and much less operationally intensive. Campers typically maintain their own sites and pay electric…
(4/4) Efficiencies in the seasonal market typically include:
Lower prop taxes, closing for the winter, campers pay their seasonal fee upfront before the season (virtually no delinquency or collections), much less campsite maintenance, lower util., less dependence on store income
Lower prop taxes, closing for the winter, campers pay their seasonal fee upfront before the season (virtually no delinquency or collections), much less campsite maintenance, lower util., less dependence on store income
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