b'INDUSTRY NEWSKOA Highlights Revenue Growth of 2.1% During Third Quarter Kampgrounds of America Inc. (KOA) shared continued revenue growth in itsKOA Releases Q3 Business Report, according to a com-pany release. Comparing the same pe- Glamping Report riod in a record-setting 2021, revenue improved by 2.1% on a same-store basis. Page 40Looking ahead, advanced deposits on future business are up 4.5%. ReviewsMostProfitableFranchises. Short-Term and Long-TermOne of 50 to be included on the list, Performance AnalysisKOAsdatawasanalyzedfromover The bulk of KOAs business, short- 30,000 franchise owners representing term leisure travel, posted a 1.5% in- Toby ORourke Ann Emerson Darin Uselman more than 300 brands. creaseinsame-storeregistration revenue over the first three quarters ofover the past two years report that theyadded two franchise locations to theKOAs Corporate Portfoliolastyear.Conversely,occupancyde- plantocontinue,particularlyinthecampgroundsystem. Thenewfran- Expands by One creased for the quarter by 6.6% as thecurrent economic climate as campingchise KOA campgrounds are located inDuringthethirdquarter,KOA business adjusts to a new level estab- is largely viewed as an affordable vaca- Colorado and Alaska. A growing stateadded a new California campground lished in 2021. Short-term occupancytion option. With deposits on futureforKOA,theadditionofto the companys owned campground for the period was 29% and 11.5% im- business sitting comfortably above thisFairbanks/ChenaRiverKOAbringsportfolio. The most recent addition is proved over the same time frame intime last year, we are very optimisticAlaskas state total to four.Bakersfield RV Resort in Bakersfield, 2020 and 2019, respectively.about what lies ahead.Alaska has made a splash growingCalif. This addition brings the 2022 ac-Our business saw an exponentialLooking toward long-term business,fromzerolocationstofourinlessquisition total to 10. jump over the past two years. RatherKOA posted a nearly 6% increase in reg- than five years, said Ann Emerson,Our acquisition strategy continues than returning to pre-pandemic levelsistrationrevenue.OccupancyfellCOO of KOAs franchise system. Itsto be aggressive, said Darin Uselman, ofoccupancy,anewhigherbarhasslightly and finished the quarter 4.2%encouragingtogrownewmarketsCOO of owned and operated assets of been set, said Toby ORourke, presi- behind 2021.where we can introduce camping au- KOA (OAK). This not only makes fi-dent and CEO of KOA. Legions of newdiences to the service and hospitalitynancial sense, but it also further solidi-campers were drawn to the outdoorsFranchise System Adds Campgrounds,of KOA.fies KOAs leadership and position in and that interest is poised to continue.Recognized as Most Profitable KOA ended the third quarter beingthegrowingcampgroundindustry. Many of those who started campingIn the third quarter of 2022, KOArecognized as one of Franchise BusinessWCMInvestors Introductory Conference Deemed a Success, More to Come Forty-twopeopleandfive investors took part in the In-vestorsIntroductoryConfer-enceheldonOct.19at Homestead RV Community in Mobile,Ala.,EdBridgman, owner of Homestead RV Com-munityandorganizerofthe event,toldWoodallsCamp-ground Magazine (WCM). The event was designed to Terramor Outdoor Resort was honored with the AGA Glamping Choice Award. connect investors with devel-Photo: Spacious Skies Belle Ridge opers,somethingBridgman said can be difficult at times. Iattendconferencesall American Glamping Associationover the country and I run into peopleaskingforfeasibility Issues First Glamping Awards studies and at the end need fi-nancialassistance,heex-During the recent Glamping Show USA from Oct. 4-5 at the Arapahoe Countyplained.ThenIalsomeet Fairgrounds in Aurora, Colo., the American Glamping Association (AGA) awardedinvestors that will give me their business cards and tell me to its first-ever Glamping Awards.connect them with viable proj-Presented during the Glamping Business Basics Workshop, the awards acknowl- ects. I felt it was time that weThe inaugural Investors Introductory Conference provided edge the achievements and contributions of AGA members in their respective areashadaconferencethatwasinvestors and developers a forum for networking.solely focused on putting the of the industry.two together.were allowed to share what their objec-The winners this year included:Theconferencesprimarysponsortive was and then investors were allowedInnovation & Pioneer: Timberline Glampingwas David Nayor, of Berkshire Bank.togivePowerpointpresentationson Other investors who took part includedwhat they like to invest in and the typesAGA Glamping Choice Award: Terramor Outdoor ResortSterlingDoddofWolfHillInvest- of people they are looking to work with.Manufacturer of the Year: Secret Creekments; Bruce Hurta of Ameris Bank;After a lunch that included T-bone Mike Migliaccio of Dual City Invest- steaks cooked to order, new potatoes,Technology of the Year: Campspotments; and Spencer Roane, a financialbaked beans, sweet corn, Hawaiian rollsAGA Member Award: Eco Structures WCM consultant.and a tossed salad, Bridgman said that Bridgman said that participants allInvestorscontinued on page 6WOODALLSCM.comDecember 2022 3'