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 .
Tue Dec 6, 2016
RVIA’s 54th annual National RV Trade Show ended Thursday, Dec. 1 after a robust display of industry participation that included dealers, suppliers, manufacturers and media converging in Louisville, Kentucky.
Attendance totaled 7,674 for the four-day event, on par with the 7,725 attendees from 2015. Attendance in the buying categories – RV dealers, accessory stores and repairs shops, campgrounds and warehouse distributors – was 2,799 representatives, up from the 2,790 in 2015. While RV dealer attendance saw a decrease from 2,454 to 2,290, RVIA’s preliminary analysis indicates that dealers representing the bulk of the industry’s buying power were at the show.
The National RV Trade Show also had a strong international flavor with 760 attendees from outside the U.S., up 18.5 percent over the 641 in 2015. Importantly, attendees from Argentina, Australia, Canada, China, Japan, Italy, Germany, Mexico, South Korea, Switzerland and the United Kingdom accounted for 18 percent of buyers, a strong indication of the show becoming an event with a powerful global reach.
Even more important than the attendance numbers is the business activity on the show floor, and exhibitors reported strong sales and an optimistic outlook among attendees.
“We had a terrific Louisville show this year,” Lance Camper Manufacturing Marketing Director Bob Rogers says. “Our display was consistently busy with both current and new dealer prospects and the sales team exceeded their goals with new product orders. With all the continued great news about the industry’s current and forecasted performance, the mood was extremely upbeat.”
“We were pleased with the outcome of our activities at the show," Chad Reece of Winnebago says. "Traffic was good, new elements added to the atmosphere and most importantly, it once again proved a great venue for another opportunity to interact with our dealer partners.”
Several suppliers also reported a productive time at the show.
“Traffic through Dometic's all-new booth on Tuesday and Wednesday was much improved from last year,” Dave Schutz of Dometic says. “For Dometic, our ‘global re-branding launch’ was a tremendous success and the National RV Trade Show gave us an impactful venue for our message to reach the whole North American recreation vehicle industry as well as many other countries from around the world that attended the show. The show definitely had a more exciting, revitalized feel to it with many interactive activities that all industry partners could enjoy together.”
“This year’s National RV Trade Show was a great success for Truma," Gerhard Hundsberger says. "There was definitely an increased energy and excitement throughout the show that started with the Outlook 2017 keynote speaker, Chesley ‘Sully’ Sullenberger, giving a powerful speech to kick off the event. Our time was filled with productive conversations with manufacturers and dealers at our booth and as we walked the show. The Louisville exhibition is the most important show of the year for Truma, and we feel the dollars we invest into it are worth it. The RVIA does an excellent job making sure it is an event where OEMs, dealers and suppliers can come together to discuss business in a professional setting. We had the opportunity to sponsor the Outlook program for the second year in a row, placed banners throughout the show and displayed our Truma Trailer outdoors. As a result, our booth was busier than ever and we had a very strong turnout at our annual Christkindlmarkt party and Truma Sweepstakes.”
There were several changes to improve the experience for attendees and exhibitors at the National RV Trade Show. New to the show was a half day of education on Monday, Nov. 28, with a keynote from brand visionary Ken Schmidt, former director of communications for Harley-Davidson. On Tuesday morning, Nov. 29, a standing-room only crowd of more than 1,300 industry members attended the Outlook 2017 breakfast program that featured reports on RVIA and Go RVing activities as well as a riveting keynote by Captain "Sully" Sullenberger, who is best known for executing the "Miracle on the Hudson" emergency plane landing in 2009.
Other new features at the show included Experience Zones like "The Patio" with new products on display, RV trivia and more. "Lookout Point" featured a stunning mist wall, which greeted buyers for some relaxation and a virtual reality display. The "Campfire" was a gathering place on the show floor with 20-minute power talks on key issues and strategies. Happy Hour, sponsored by Dometic, on the first day was a hit with food and free bourbon tasting, and the party held Wednesday night in downtown Louisville at Fourth Street Live was a huge hit among attendees with live music performed by the "Louisville Crashers" rounding out the evening.
The last day of the show also marked the giveaway of a Kentucky Derby prize package valued at $4,000 for one lucky buyer. The prize was awarded to Horizon Lussier of Marieville, Quebec, Canada. He will be able to enjoy a three day stay in Louisville for him and his guest, with two tickets to the Derby in May 2017.
"We were extremely pleased with the outcome of this show," says RVIA Senior Vice President of Trade Shows and Events Liz Crawford. "I spent a lot of time on the show floor talking to exhibitors, dealers, suppliers and overall feedback was incredibly positive. Sure, we face market situations in attracting more buyers, but this is not a new phenomenon from other leading trade shows in mature markets experiencing consolidation at the wholesale and retail levels. However, the fact that the entire RV industry rallies around this event with participation, sponsorships and hosting their own events tied to the show indicates a strong and vibrant show poised for new growth. We will remain focused on growing qualified attendance and providing value to our exhibitors, dealers and members."
The National RV Trade Show also helped focus national media attention on the booming RV market.
Media coverage from the event included placements on national news outlets including Reuters, CNBC, The Street, USA Today, FOX Business and Bloomberg. Additional coverage was recorded during the trade show and will be released via USA Today, Inc. magazine and a nationally syndicated radio program in the coming weeks.
“The National RV Trade Show serves as the premiere showcase for all segments of our industry,” RVIA President Frank Hugelmeyer says. “There’s plenty of business getting done, but just as important is the education, training and networking that can only take place when the entire RV industry is together. Strong attendance from around the globe is an indicator of how the international RV industry is looking to America for leadership, best practices and innovation. And our show continues to draw media attention from major news outlets.”
The National RV Trade Show ran from Nov. 28 - Dec. 1 at the Kentucky Exposition Center in Louisville. Next year’s show will be held Nov. 27-30, 2017. Visit www.RVIAshow.org for information about the 2017 show.