Industry Statistics and Rankings
How does this industry perform in Latvia compared to Europe?
Country Benchmarking
Industry Data Latvia
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#29 In EuropeBusiness
#23 In EuropeEmployees
#24 In EuropeWages
#28 In EuropeCaravan and camping sites are popular in Europe. Many sites across Europe boast picturesque landscapes, catering to the needs of environmentally conscious and cost-sensitive travellers. Strong tourism across Europe has provided caravan and camping sites with growth opportunities. The ageing population in Europe has enhanced demand, as retirees tend to appreciate outdoor holidays and have more free time. Caravan and camping site operators are innovating and investing in upgrading amenities and customer experiences, transforming them into resort-like family destinations. The glamping trend, offering a luxurious camping experience, has also boosted performance, attracting high-income consumers.
Enterprises
Number of businesses in 2024
Biggest companies in the Caravan & Camping Sites in Latvia
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Caravan & Camping Sites in Latvia industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Caravan & Camping Sites industry in Latvia in 2024?
The market size of the Caravan & Camping Sites industry in Latvia is €1.6m in 2024.
How many businesses are there in the Caravan & Camping Sites in Latvia industry in 2024?
There are 83 businesses in the Caravan & Camping Sites industry in Latvia, which has declined at a CAGR of 1.6 % between 2019 and 2024.
Has the Caravan & Camping Sites industry in Latvia grown or declined over the past 5 years?
The market size of the Caravan & Camping Sites industry in Latvia has been declining at a CAGR of 8.1 % between 2019 and 2024.
What is the forecast growth of the Caravan & Camping Sites industry in Latvia over the next 5 years?
Over the next five years, the Caravan & Camping Sites industry in Latvia is expected to decline.
What does the Caravan & Camping Sites in Latvia include?
Static caravan parks and Camping sites are part of the Caravan & Camping Sites industry.
How competitive is the Caravan & Camping Sites industry in Latvia?
The level of competition is low and steady in the Caravan & Camping Sites industry in Latvia.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Hotels & Holiday Accommodation in Latvia
- Other Accommodation in Latvia
Complementors
- Tour Operators in Latvia
- Sport, Amusement & Recreation Activities in Latvia
Table of Contents
About this industry
Industry definition
Companies in the industry provide short-term accommodation for guests in campsites, caravan sites and static caravan parks.
Related Terms
STAYCATIONTOURING CARAVANSTATIC CARAVANGLAMPINGWhat's included in this industry?
Static caravan parksCamping sitesTouring caravan parksCompanies
Industry Code
552 - Camping grounds, recreational vehicle parks and trailer parks in Latvia
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Caravan & Camping Sites in Latvia industry?
Outlook
Analysis
What's driving the Caravan & Camping Sites in Latvia industry outlook?
Volatility
Analysis
What influences volatility in the Caravan & Camping Sites in Latvia industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Caravan & Camping Sites in Latvia industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Strong domestic tourism supports demand for static caravan parks. Domestic tourist numbers have recovered faster than international tourism, with heightened economic uncertainty encouraging consumers to take domestic trips over holidays abroad.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Caravan & Camping Sites in Latvia industry's products and services performing?
Analysis
What are innovations in the Caravan & Camping Sites in Latvia industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Caravan & Camping Sites in Latvia industry?
International Trade
Highlights
- Total Imports into Latvia
- Total Exports into Latvia
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
The industry is highly fragmented. Many caravan and camping sites operate in Europe, many of which are small. Some larger companies are expanding their operations in scenic locations and up-and-coming destinations.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Caravan & Camping Sites in Latvia located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
A light level of regulation benefits industry players. Caravan and camping site owners should have permits and must adhere to various health and safety regulations, mainly relating to fire hazards. Some country-specific regulations also exist.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Caravan & Camping Sites in Latvia industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
High-end parks providing extra services can charge higher fees, supporting profitability. Holiday parks face higher costs due to the additional activities and services they run to enhance the guest experience.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Caravan & Camping Sites in Latvia industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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