After a sharp decline in 2020 due to the COVID-19 pandemic, Canada’s campgrounds and recreational vehicle (RV) parks industry is back on a growth trajectory. The industry saw a 34.5% drop in revenue in 2020 as travel restrictions and the closure of national parks disrupted operations. Despite this, the industry has achieved an annual growth rate of 2.9% from 2019 to 2024, with revenue reaching $3.3 billion in 2024, including an impressive 11.5% growth in that year alone according to IBISWORLD Industry Reports.
Several factors contributed to the industry’s recovery, particularly the surge in RV vacations and increasing disposable incomes. The RV trend gained momentum as more Canadians sought local travel alternatives, particularly during the pandemic, when international travel options were limited. This shift toward domestic tourism allowed the industry to not only recover but also grow beyond pre-pandemic levels.
Location remains a key competitive factor for campground operators. Campgrounds situated near scenic or tourist-heavy locations saw the highest demand, as travelers increasingly prioritize these destinations. The industry’s seasonal nature further emphasizes the importance of capitalizing on peak travel periods, particularly during warmer months.
Looking ahead, the industry is expected to maintain growth through 2029, supported by positive economic trends and a sustained interest in outdoor travel. The rise in per capita disposable income will likely drive more consumer spending on camping and RV services. Campground operators have opportunities to expand services, invest in upgrades, and cater to a growing market that seeks both short-term stays and longer, more immersive experiences.
With a positive outlook, the Canadian campgrounds and RV parks industry is expected to play an increasingly significant role in the broader tourism sector, providing outdoor hospitality experiences to a growing number of travelers seeking affordable and nature-oriented vacations.
As the campground and RV park industry in Canada continues to evolve, its ability to adapt to economic shifts, changing consumer preferences, and ongoing challenges will be crucial for future success and growth.