Ennis Luxury RV Resort: Coming in January 2023
Reservations and Investment Opportunities Available Now
The RV industry is booming.
Quarter after quarter, practically every RV manufacturer is continuing to report record numbers.
Dealers are struggling to satisfy this increased demand for RVs. RV wholesale shipments are projected to be 600,000 units by year-end 2022, according to quarterly forecast by ITR Economics.
These new RVs are being purchased as soon as or before they arrive at the dealers’ retail locations. Here’s the problem and the opportunity: These new RV owners are looking for a place to park their new RV on weekends and extended trips. However, RV manufactures can’t create RVs faster than RV park developers can create new RV parks.
It’s easy to understand the opportunity for RV park owners. The demand for RV parks has skyrocketed, but the supply has not kept pace.
Demand is so great that typically RVers need to make reservations six months in advance. Typically, destinations will open reservations six months in advance of the current date. However, the most popular tourists’ locations will open reservations 13 months in advance. They will probably require a non-refundable deposit in advance.
Our own RV development, Ennis Luxury RV Resort has experienced that demand while still under construction. Early a solar power installation company wanted twenty RV parking pads for two years. Recently one prospective renter got mad when our reservation system is not operational (yet.) Another RVer wanted to be the first to make his reservation and he would give us a non-refundable deposit.
Reserve early to get a prime RV location.
What The RV Sales Backlog Means For Investors
Thor Industries and Winnebago Industries are overwhelmed with new RV orders.
Winnebago, maker of 5 RV brands currently has a $4 billion order backlog. It reported a 2021 record revenue of $36 billion, a 54% increase over 2020.
Thor, the maker of 14 brands, currently has a $14 billion order backlog. For fiscal 2021, it reported a recorded net sales of $12.3 billion.
So, why do investors care?
If you own an RV, you know how challenging it to reserve an RV parking spot. With record sales record order backlogs, the RV park developers, like us, have many years to catch up with the demand.
At the time of this writing, our current RV resort development, Ennis Luxury RV Resort, has renters who want to reserve a parking place. This even though plan to open January 2023. In fact, one RVer contacted us twice and said he wanted to be the “First RVer to reserve a parking place and he was willing to put down a deposit to guarantee his performance.”
Several other RVers want to make reservations for next year. So, as of this writing, getting the reservation system in place is top priority.
New Local RV Park Rent-up Comparisons
There are only two new RV parks in our north Texas market with a total of 60 parks in existence. That’s a 3% growth rate in two years.
Here’s how our competitions experience.
- Northside RV Resort, 20 minutes west of our location, rented from zero to full in four months. It has a concrete drive with few amenities. The office is the size of a closet. Besides a fishing pond no other amenities seem to be on site.
- Sugar Hill RV Resort, 1 hour 20 minutes north of us, rented fully in three months. Amenities include a gravel drive, a nice clubhouse, pool, dog park, laundry, meeting rooms, and fitness center.
We will have all the amenities Sugar Hill RV Resort has, plus concrete driveways and parking pads. Generally, concrete driveways and parking pads are required to be considered as luxury RV resort.
If this intrigues you and you want to be one of the first to review the next exciting RV resort, then contact us to be a first mover to see the development.