KOA Reports Financial Growth, Expansions in First Half of Year – RVBusiness – Breaking RV Industry News

BILLINGS, Mont. – Kampgrounds of America, Inc. (KOA) reports continued growth, sharing in a press release today that revenue has improved by 2% year-over-year.

Following years of record-breaking same-store revenue, the company anticipates more positive change, with advanced deposits up 9.5% 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 Kampgrounds of America, Inc. “With more leisure travel options and increased competition in camping, it’s apparent that KOA is delivering on providing the best in outdoor hospitality.”

Toby O’Rourke

Trust in the KOA brand has also resulted in impressive growth in franchise partnerships. Year-to-date, seven existing campgrounds have been converted to KOA locations. New KOA campgrounds can be found in Ohio, Utah, Missouri, Texas and California – Texas and California both welcomed two campgrounds to the KOA system, the release stated.

New construction, which has increased dramatically over the last several years, continues to be an attractive partnership option. Two new construction contracts will bring KOA campgrounds to 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 the year’s first half, the company also acquired three iconic Montana campgrounds, adding to Kampgrounds of America, Inc.’s owned and operated portfolio. The parks were purchased from the Marv and Carol Linde family, who owned and operated the campgrounds for 46 years.

Source: https://rvbusiness.com/koa-reports-financial-growth-expansions-in-first-half-of-year/