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 .
Fri Oct 7, 2016
The largest U.S. recreational vehicle dealer, Camping World Holdings Inc, has said it raised $251 million in an initial public offering on Thursday with the New York Stock Exchange.
The IPO came as more baby boomers, the biggest buyers of motorized homes, are retiring and selling their property to travel across the United States in the vehicles.
Camping World says in a statement that it priced 11.4 million shares at $22 apiece, the midpoint of its indicated range of $21 and $23.
Camping World generated about $3.3 billion in sales last year, up from $1.5 billion in 2011. It will use the proceeds from the IPO to pay down its $695 million in long-term debt and for general corporate purposes, the company says.
Additional Information: http://uk.reuters.com/article/us-camping-world-ipo-idUKKCN1262LE