Episode 1 - Why Start A Glamping Business
Hi everyone and welcome to Episode 1! Today we are going to tell you why we want to start a glamping business. We hope you'll subscribe to our channel to follow along as we build our business From The Ground Up!
We had previously been flipping and re-selling single family homes in the Denver Metro area. When Covid-19 hit, we had to shift gears because we were nervous about the housing market crashing in the middle of a flip. We also were seeing that the eviction moratorium could be a problem for us if we followed through with flipping and converting the home to a long-term rental.
We started looking at short-term rentals and learned more about glamping. As Covid progressed, we saw that the glamping business was starting to grow, not just here, but all over the world. Glamping made sense for us for these reasons:
1. We LOVE being outside, camping, hiking, and enjoying nature!
2. A glamping site can be relatively inexpensive to set up and there is much less of an upfront investment to get it going.
3. People are shifting more and more towards outdoor experiences and getting away from the traditional hotel model.
4. Glamping fills a need for family's to get away easily and spend time together outside essentially getting to "unplug" from all the stress of this world.
5. A glamp site gives the customer all of benefits of camping without the hassle of buying, storing, or setting up a tent or other amenities...it's easy to go glamp!
6. Glamping is a quickly emerging and growing market and we want to be part of it. In a September 2019 Bloomberg Business Article, they predict that the Glamping Industry will be worth 4.8 Billion by 2025. Keep in mind this is PRE pandemic, so we expect those numbers have probably already drastically changed. Read the article here: https://bloom.bg/2ZlHn27
7. Glamping is most widely used as a short-term rental. This solves the problem of worrying about a renter moving in and not paying rent.
8. There is plenty of room for all types of players in this market from big corporations like Vail Resorts, Under Canvas, and KOA as well for small "mom and mom" type businesses like ours!
We are learning as we go, so please feel free to post your questions and we will answer them or research and answer them in a future video!
Join us next time when we will talk about PICKING YOUR LOCATION!
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