The Future of the RV Industry

In this episode of the RV Rental Secrets Podcast, Stacy Maxon and Garr Russell explore the ins and outs of RV rental industry trends.

• Growing Market: The global recreational vehicle (RV) rental market is on the rise. According to a recent report from Business Wire, the market is projected to grow by a staggering $353 million between 2023 and 2028. What’s fueling this growth? A combination of digital nomads and the increasing popularity of outdoor adventures.
• Exploding Industry: Despite its growth, many people are still unfamiliar with the concept of renting out an RV. Just like Airbnb revolutionized home rentals and Turo did the same for cars, RV rentals are catching fire. You can even rent out your pool or yard these days!
• RV Lifestyle: Campgrounds are popping up all over the country, and national and state parks are being built to accommodate RV enthusiasts. The pandemic only accelerated this trend, as people sought the freedom of the nomadic lifestyle by hitting the road in their RVs.
• Upside-Down RV Owners: Interestingly, some RV owners who bought during the pandemic are now trying to sell. But here’s the catch: They’re often upside down on their investment. Dealerships are flooded with RVs, and competition is fierce. That’s where rental services come in. Rather than taking a hit on selling, owners can rent out their RVs and recoup some costs.