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Membership-based campground operator Thousand Trails Inc. reports higher sales and earnings for the three months and six months ended Dec. 31.
The Dallas-based company earned $1.8 million during the three months ended Dec. 31, a 4.5% increase over the $1.7 million it earned in the same period a year earlier.
Additionally, it earned $4.1 million for the last six months of 2002, a 6% increase over the $3.9 million it earned a year earlier.
Thousand Trails’ total revenue climbed 5% higher in the three months ended Dec. 31 to $20.4 million and its total revenue also increased 5% during the six months ended Dec. 31 to $47.7 million.
“Our sales and marketing efforts continue to produce good results,” said Bill Shaw, president and CEO. “Our average price on new memberships is rising, and we consistently see strong unit sales in the Platinum upgrade program.
“On the operations side, dues collections have remained steady, which has helped offset the rising cost of providing health insurance to our employees,” Shaw added.
Thousand Trails has around 112,000 members at 59 membership-based camping preserves in 17 states and British Columbia, Canada. It also provides a reciprocal- use program for members of around 280 recreational facilities and manages 240 public campgrounds for the U.S. Forest Service and other entities.