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We welcome the chance to share with you the great campground and hospitality business opportunities currently on the market. Contact us, and one of our consultants will give you data on available hospitality businesses for sale. We know this industry - ask your consultant about it!
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GOOD NEWS FOR CAMPGROUND & RV PARK OPERATORS
Sources: RVIA, University of Michgian.
Though RV shipments were down 14% the first half of 2008, it is anticipated that 2009 will remain at that level the first half of the year and grow the second half.
Dr. Richard Curtin, Director of Consumer Surveys at the University of Michigan projects that total RV shipments will go down in 2008 due to higher credit standards, failing household wealth, slower growth in real incomes, and diminished consumer confidence. Shipments are expected to be the eighth highest in the past 25 years, totaling 304,000 units.
2009 shipments are projected to be at the same level as 2008 with favorable growth in 2010.
RV rentals are expected to grow 18% in 2009.
Population and demographics favor long term growth in the RV industry. Buyers aged 35 to 54 are the largest segment of RV owners. Every day, 11,000 Americans turn 50 years old!
By the end of 2010 38% more Americans will have reached retirement age. One in ten of these people currently own an RV.
This means a steady year in 2009 and growth beyond for campground owners! |
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5 GOOD REASONS
TO BUY A CAMPGROUND
BUSINESS IN 2008
Fact 1
According to a recent study conducted by the Recreation Vehicle Industry Association (RVIA) "fuel prices would have to more than double" before RVing becomes more expensive than other forms of travel.
Fact 2
Fuel costs would have to more than triple to affect traveling in lightweight trailers, folding camping trailers or tenting.
Fact 3
Almost 80% of the RV market consists of towable RV's including lightweight units.
Fact 4
Savings for a family of 4 to go on a camping vacation ranges between 31% and 65% depending on destination, miles traveled and length of stay, among other factors. Savings is realized when compared to the cost of lodging and meals.
Fact 5
RV rentals continue to grow.
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