Jellystone Park 2021 Comp-Sales Jump 47%
November 03, 2021 // Franchising.com // CINCINNATI - Yogi Bear’s Jellystone Park Camp-Resorts’ comp-sales will again set a record this year. Through September, sales are up 47.4% over last year, which saw a 10% jump, even though the Covid-19 pandemic delayed park openings. This will be the 15th straight year the family camping and entertainment brand has recorded annual sales growth.
Famous for providing families with pools, water slides, splashgrounds, jumping pillows, wagon rides, foam parties and interactions with Yogi Bear costumed characters, Jellystone Park has 75 locations in the U.S. and Canada. Guests choose from a variety of camping and glamping accommodations.
According to Rob Schutter, chief executive of franchisor Leisure Systems, Inc., there has been a big uptick in real estate investment firms acquiring Jellystone Park locations from independent owners. They also are buying non-affiliated campgrounds and converting them to the Jellystone Park brand, as well as building new resorts. “These groups have the financial resources to update, expand and improve their parks and operations, which drive sales and profitability.”
Investors adding to their Jellystone Park portfolios include Sun Communities, Inc. (NYSE: SUI), Northgate Holdings, Blue Water Development, former Camping World RV dealer Scott Nielson, High Mesa Partners, LLC, which includes THOR board member J. Allen Kosowsky, The Jenkins Organization and Four Points RV Parks.
This year parks in Massachusetts, Missouri and Pennsylvania were added to the system. Work is underway on four campgrounds opening next year. They are located in Georgia, Illinois, Texas and Utah. Jellystone Park has signed agreements for an additional five campgrounds.
“The camping industry was growing before the pandemic introduced even more families to Jellystone Park,” Schutter said. “Parents and kids quickly learned that a trip to one of our parks is as much about family fun and entertainment as it is camping.”
Schutter added that demographic and lifestyle trends, combined with continued record RV sales, point to a very bright future for the brand. He noted that some parks have opened 2022 reservations early because of demand. “Families have invested in RVs and will continue to need places to enjoy them,” he said. “Others have discovered the benefits of camping in a cabin that has all the comforts of home.”
SOURCE Yogi Bear’s Jellystone Park Camp-Resorts
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