If you are interested in entering the leisure industry in your next entrepreneurial pursuit, consider purchasing a campground. Almost six out of 10 households report that one of the residents has gone camping. But more importantly, camping, whether it’s at a campground or RV park, is growing in popularity, particularly among millennials. Before you look into buying one of the many RV parks and campgrounds for sale, here’s what you should know about camping and millennials.
Millennials Love the Outdoors
While millennials are known for loving technology, they’re also known for embracing the outdoors. Regardless of the type of camping, the younger generation, as a whole, loves to spend time outdoors and soak up the sun. Hiking, fishing, and boating are all beloved camping-related hobbies among millennials as well, and they’re definitely here to stay. Yes, they may love snapping pictures to share on social media, but the millennial love for the great outdoors represents a major business opportunity.
Millennials Need to Escape
It may sound dramatic, but millennials work hard and therefore view camping as an escape from the stresses of everyday life. Despite the stereotype, millennials are actually an extremely hard working generation (they have to be, with all that student debt!). Not only can they enjoy the connection with nature, but they can embrace the physical and emotional separation from their routines and return feeling more refreshed than ever.
Millennials Can Stay Connected
Just as there are campers who love to disconnect from technology and reality, there are also those that embrace camping that allows them to access the web. Fortunately, modern campground accommodations allow them to choose their preferences so that they’re never too in or out of touch. It’s easier than ever to find a campground that’s fully equipped with not only cellular service, but Wi-Fi. This allows them to maintain a proper work-life balance.
Millennials Have Limited Budgets
Finally, it’s no secret that millennials, for the most part, have limited wealth, and therefore, a limited budget. Camping has long been known as one of the most affordable vacation and getaway options, whether campers are staying in a cabin, an RV, or even pitching a tent. No matter how much they’re roughing it, millennials see camping as a true luxury, and it’s definitely the vacation option that allows their budget to pack the biggest punch.
Now that it’s clear that camping is a beloved millennial hobby that’s here to stay, you can determine whether a campground investment is in your best financial interest.