The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.
Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .
Mon Oct 3, 2016
Several initial public offerings are expected to hit the market in the first week of October, after several successful IPOs in the month of September. One such IPO that 24/7 Wall St. is watching is Camping World Holdings. The stock will list on the New York Stock Exchange under the CWH stock ticker.
What matters here is twofold. Camping World is not a high-tech or a biotech outfit. It is a basic economy stock that should be in the “slow and steady” category of companies. It also is tied to the rather public entrepreneur Marcus Lemonis.
The Lincolnshire, Illinois-based company is the largest national network of RV-centric retail locations in the United States. It has a network of 120 stores and a membership platform, with 1.7 million Good Sam Club members dedicated to the RV lifestyle, with more than 3 million active customers and 11 million unique contacts in its database.