The RV Industry is Booming & How We Can Capitalize
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.
