When was the last time you drove cross-country in a Winnebago? According to David D. Brown from Business Wars Daily, RV dealers say business is booming like never before. Considering that the entire country was quarantined due to the COVID-19 pandemic, it only makes sense that citizens are eager to hit the outdoors in a safe and reliable manner. Summer is supposed to be a time for camping, fishing, and hiking. What better way to enjoy all these activities than by taking your isolated home on the road?
But what makes this summer in particular good business for RVs? After all, RV sales and rentals typically go up every summer, right? Well, it’s not just the same old customers who are renting these RVs anymore. A whole new batch of customers are turning to these mobile homes. These are people who still want to vacation, but are too nervous to rent hotel rooms or Airbnbs like they are used to. Bloomberg is referring to this new era of RV renters as “COVID campers”.
RVs were at the height of their popularity back in 1972. They experienced a second increase back in 2017 when travelers bought half a million RVs that year. After lockdown procedures went into place in March 2020, RV sales and rentals dropped 20%. But now as more RV dealerships are reopening, sales are increasing once again. Camping World Holdings, one of the largest RV retailers in the country, experienced a triple in stock since the beginning of May.
With less than 17% of Americans willing to travel by plane at the moment, it seems the RV industry will continue to rise throughout the summer. For those with no desire to purchase an RV of their own, websites like Outdoorsy and RVShare allow owners to rent out their RVs just like Airbnb. Though the CDC still suggests that staying home is the safest option, President and CEO of U.S. Travel Association Roger Dow expects rural areas like Montana and North and South Dakota to see huge increases in tourism this summer.
What are your thoughts on the booming RV industry? Let us know down in the comments.
This article originally published on GREY Journal.