KOA Sees Its Revenue Jump 20.9% in 1Q Over 2020
April 16, 2021
A surge in short-term business in the first quarter of the year resulted in an increase of total revenue of 20.9% versus 2020 and 21.3% over a record 2019, according to Kampgrounds of America Inc. (KOA) in their recently released Q1 business report.
The company also acquired four campgrounds and secured five franchise contracts during the same period. Additionally, KOA reports a positive outlook for the rest of the year, sharing that advanced deposits on future business at the end of the quarter were up over 55% from their record-breaking 2019. Woodall’s Campground Management