What do you know about Hipcamp? ( Airbnb of camping)

[Blaine Alger]

I stumbled across this company the other day and it really got me thinking of the possibilities. Hipcamp is a platform that helps campers discover and book unique camping experiences on public and private land across all 50 states. They have been dubbed the Airbnb of camping but it is not so much for your typical vacation rental. It is geared towards camping, glamping and hook ups for RVs. As of now Hipcamp has 3 million users and over 300,000 camping sites throughout the country. They also completed a 25 million series B funding in summer of 2019 that values the company at 127 million, which is a good signal for expansion.

What appeals to me about this model, is you can go buy a couple acres of land ( Hipcamp suggest a 2 acre minimum), make some minor infrastructure upgrades and then build a couple A-frame tiny cabins, some yurts or simply just a clearing that would allow for someone to pitch a tent. This would be a low capital investment and would not be as management intensive.

I’m curious to see if anyone else has had any thoughts about using Hipcamp for investment purposes?

P.S.- Here is a link to the website: https://www.hipcamp.com