Kampgrounds of America, Inc. (KOA) reported continued growth, sharing that revenue had improved by 2 percent year-over-year. Following years of record-breaking same-store revenue, KOA forecasted more positive change, with advanced deposits up 9.5 percent over 2022.
“Our ongoing improvement since the surge in camping popularity during the pandemic is a real testament to the service we deliver,” said Toby O’Rourke, president and CEO of KOA. “With more leisure travel options and increased competition in camping, it’s apparent that KOA is delivering on providing the best in outdoor hospitality.”
KOA also saw growth in franchise partnerships. Year-to-date, seven campgrounds have been converted to KOA locations, with new campgrounds in Ohio, Utah, Missouri, Texas, and California—Texas and California each added two campgrounds.
New construction, which, over the last several years, has increased, continues, with two contracts pending for KOA campgrounds in Louisiana and Ohio.
“Investment in our industry continues to grow,” O’Rourke said. “The increase in KOA conversions and new builds shows the value of the KOA brand in the marketplace not only to our customer but as a pivotal business tool for campground owners.”
In 2023’s first half, KOA acquired three Montana campgrounds, adding to its owned and operated portfolio, purchased from the Marv and Carol Linde family, who owned and operated the campgrounds for 46 years.
