This week we start off by discussing the basics of depreciation and how it affects campgrounds. Then, we kick off a great conversation about Disney and what campgrounds owners can learn from Disney’s Fort Wilderness
SHOW NOTES
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- Depreciation
- prior accountant wouldn’t tell them how it worked
- Surprised to find that land doesn’t reduce taxes - not depreciated
- Depreciation just means breaking down an expense over multiple years
- Lots of special rules and exceptions but here are the basics
- 5 years: equipment like tractors, mowers, jump pads and heavy trucks
- 7 years: furniture
- 15 or 39 years: improvements like roads and sites
- 39 years: commercial real estate including the owner’s house
- Autos
- South Carolina Campground Statistics
- The 2021 Annual Report for Sun Communities, Inc (SUI) echoes the occupancy reported by ELS with a US total occupancy for annual sites reported at 97.3%. SUI reports 100% occupancy for annual sites at Carolina Pines and Crossroads RV Resorts.
- "Overall, camping occupancy averaged over 70% throughout the spring of 2021. At many parks with higher visitor demand, occupancy rates were above 80% each month in the spring, with several parks above 90% and two exceeding 99%." (2022-2033 South Carolina Department of Parks, Recreation & Tourism Budget Request)
- South Carolina State Parks had an estimated annual 62.71% occupancy for RV campsites
- KOA Conference
- November 16th-17th in Orlando, Fl
- Staying at Disney’s Fort Wilderness
- The Disney Experience
- Customer Service
- The great benefits of Fort Wilderness
- The time Zack almost died on Haunted Mansion
- The recovery story and free fast passes
CONTACT
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Campground Compass Socials
- IG: instagram.com/campgroundcompass
- FB: facebook.com/campgroundcompass
- Web: campgroundcomapsspodcast.com
Donna
Zack
