RV PARKS

Industry Overview

• RV ownership has reached record levels with about nine million RVs in the United States and 25 million people who use them
  
  
• People living longer and entering market earlier has contributed to the expansion with nearly one in twelve vehicle-owning households owning an RV
  
  
• Industry size is about $16 billion
  
  
• RV shipments for 2005 are estimated at 359,000 units, or the second best year since 1978. Recent history of RV shipments:
  
  • 2004 370,100 + 15.4% YOY growth
    
  • 2003 320,800 + 3.2% YOY growth
  
  
• Despite higher fuel prices, RV usage remains strong:
  
  • RV rentals up 22% in 2005
    
  • A recent study suggest that a family of four can spend 26 to 74% less on RV trips, compared to other vacation types
    
  • Many RV owners treat an RV as a second home for tax purposes
    
  • RVs are a chosen form of camping for some; an alternative lifestyle for others; a vacation cottage; or can also serve as full-time affordable housing