HOLIDAY PARKS – An asset class worth considering?

With the recent BBC Panorama programme lifting a lid on our sector in March 2024, we thought an article about this often overlooked asset class for the association of senior Estate Surveyors and Property Managers (ACES) would be topical.

According to evidence provided by the UK Camping and Caravan Alliance (UKCCA) and their Frontline survey, in 2023 there were 6,169 holiday parks and campsites operating in the UK, accounting for 439,828 pitches. This was drawn from a database provided by the UKCCA. While most parks are in private hands, our research indicates that there are dozens of parks within the ownership of councils, authorities, national charities, and quangos across all regions of the United Kingdom.

Accordingly, and with public finances being stretched like never before, these assets that require a specialist knowledge may fall between the gaps when reviewing portfolios. Are the questions of return and performance asked of these assets, as they might be with the main asset classes (offices, retail etc)?

If you interested in reading the full article either contact Chris Gooch chris.gooch@michaelpaulconsultancy.co.uk or follow this link to the ACES summer Terrier https://aces.org.uk/wp-content/uploads/2024/07/2024-Summer-Terrier.pdf