« New Atlanta feature reviews now posted | Main | Fort Worth honors the cowboy this weekend »

Tuesday, July 24, 2007

RVing Market Expected to Reach $15.9 Billion by 2011

A new report issued by market research publisher SBI notes that the RV market (motorized recreational vehicle and non-motorized, or "towable," RVs) is expected to pick up speed over the next five years, growing five percent and reaching $15.9 billion.

The recent Hurricane Katrina debacle with purchases of bare bones travel trailers by FEMA, along with higher prices at the pump, and higher interest rates were the main factors for the slowdown. "The real health of the industry is directly affected by consumer confidence, interest rates, and the cost of fuel," notes Tatjana Meerman, Publisher of SBI. "A strong economy is the industry's best friend. When interest rates rise, RV purchases decline." This is only partially true. There is a thriving market for used RVs. We have owned several.

With all the baby boomers retiring, I think the estimate given for the RVing market is conservative, as baby boomers will want to travel and see the country firsthand.

Posted by Carl Burnham at 10:47 AM
Categories: Travel News
Travel Tools
Book a Hotel
Book a B&B
Book a Hostel
Book a Cruise
RV Resorts/Campgrounds
Travel Books
Best Value Pass to Major Attractions
Tickets to Concerts, NASCAR, Sports, & Theatre
Top Technology Gadgets
Visit Our Sponsors
GoUSA and Southpoint have partnered to bring you a unique offer

Copyright Southpoint.com 2008