()Recreational vehicles, also called RVs, offer a different way to travel around the country. They are a nice alternative to the traditional resort vacation. In 2020, thousands of Americans discovered RVs and they became the preferred choice for U.S. tourists.
RV owners are seeing a rise in popularity. 95% of the RVs in America are used for less than 30 days each year. This allows for them to be rented to tourists who may have concerns about safety flying in an airplane or staying in a hotel during a pandemic.
RV rental marketplace RVshareThe website, which lists over 100,000 RVs privately owned across the country has seen an unprecedented 1,600% rise in bookings from April to June alone.
As a result, RV owners are now more profitable and can rent out their rigs for extra money to adventurers.
A recent survey found that RV owners are renting their vehicles online. RVshareIn 2020, three quarters of the respondents reported more income than in 2019. This income means that more than half of RV owners will pay for their entire RV purchase.
It is spreading fast. A quarter of RV owners have started renting their vehicles because of the pandemic. Plus, RVshareAccording to reports, 14 percent RV owners bought a vehicle with an intention of renting it out because of the financial opportunities.
Karson Nance, an RV owner based in Austin Texas, reported a net income of more than $30,000 from May through August after booking a Winnebago Class C Winnebago Minnie Winnie for the entire 2020 summer.
“When the pandemic hit, I didn’t know what to expect, but I never thought we would have a record year,”Nance. “RVshare made it easy to manage customers and keep the calendar full. Because of our success, we were able to pay down our units this year and, in turn, we invested in more units to capitalize on the growing demand for https://rvshare.com/”>RV rentals.”
If you are interested in purchasing an RV, do you know which vehicles are the most expensive? The highest earning vehicles are Class A vehicles due to their large size and high-end amenities. They average $60,000 annually. The Class C, a smaller motor home that is owned more often, earns approximately $45,000 annually. Class B vehicles (camper vans) can make $40,000 annually.
The demand for RVs varies depending on where they are located. Renters looking to buy an RV may be interested in knowing where the best spots are. These are the most lucrative areas to buy an RV:
- Houston, Texas
- Salt Lake City (UT)
- Phoenix, AZ
- Denver, CO
- San Bernardino, CA
Further information can be found here about renting an RV. https://rvshare.com/list-your-rv.