RVRA Survey: Rentals Headed for Strong 2007
RV rental companies are anticipating another strong year, according to a new survey of Recreation Vehicle Rental Association (RVRA) members.
According to a press release, companies responding to the association’s annual survey report RV rental activity will be up an average of 30% this year.
“The majority of members report that 2007 will be a better year than 2006 for RV rentals,” said RVRA Chairman Bert Alanko. “Most rental customers realize the increasing cost of gas is only a small percentage of the entire trip, and RVing is still a great deal. Many of our rental dealers are willing and able to point out that the cost of gas over an average vacation adds less than $100 or $200 to the total vacation cost.”
RV rental companies are also adding more units to their fleets. The average rental fleet size for 2007 is 28 units, compared with 26 units in 2006. Dealers expanding their current fleet size are adding more Class C motorhomes and towable units.
The survey also showed that almost 75% of RV rental companies rent for more than 10 months a year. Survey respondents expect RV rentals by foreign visitors to make up 8% of all North American RV rentals in 2007.
RVRA is the rental division of the Recreation Vehicle Dealers Association (RVDA).