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 .
Thu Oct 20, 2016
Outdoor recreation contributes $650 billion to the American economy and supports tens of millions of jobs. According to ARC’s new report: Outdoor Recreation Outlook 2017, those numbers are only expected to grow. Most components of the recreation industry reported significant gains in 2016 and the general outlook for the industry in 2017 is optimistic. Key items from the report include:
• Visitation to National Parks is up 3.9 percent over 2015, an increase of 9.7 million visits
• Total capital expenditures for state park operations increased by 25.3 percent ($159 million)
• 16.5 million people visited recreation.gov in 2016, up 38 percent
• Since the end of the “Great Recession,” the RV industry has come roaring back, with RV shipments up more than 125 percent
• 45.7 million Americans participated in fishing in 2015, including 3.4 million Hispanics
• Almost 20 percent of new campers are African-American, the majority of whom are also millennials
• From 2011 through 2015, boat sales grew in the 5 to 6 percent range and retail sales could be up in the 8 to 10 percent range annually in the next several years
• Recreational horseback riding contributes $32 billion a year to the national economy
• More than 23 million Americans participated in snow sports last year, including downhill skiing, snowboarding, cross country skiing and snowshoeing
• Annual registration of snowmobiles is reported at 1.4 million, and average use is up 10 percent
• Archery participation in America climbed about 14 percent from 2012 to 2014, boosting the number of archers to 21.6 million
• Growth in outdoor adventure sports is strongest among outfitters offering stand-up paddleboard instruction, cabin rentals, interpretive trips, environmental education and paddlesports activities
• Promotional campaigns like Discover Boating (led by NMMA), Go RVing (led by RVIA) and Take Me Fishing (led by RBFF) are generating billions of impressions and have a collective estimated budget of nearly $45 million annually.
The conclusion the American Recreation Coalition has made in the comparable forecast last year was that recreation activities will increase as more people seek active, healthy, “high value” vacationing. Even more now, the coalition is seeing America’s great outdoors as a perfect fit for this desire.
To read the full report, visit the link below.
Additional Information: www.funoutdoors.com/Outlook2017