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 Mar 16, 2017
EAGLE POINT, Oregon - Grow Condos, Inc. has announced that its wholly owned subsidiary, Smoke on the Water Inc, has successfully closed on one of the territory’s privately owned nature rich vacation spots, Lake Selmac Resort & RV Park, situated in the picturesque heart of Southern Oregon. The transaction was completed in the form of cash, stock and debt.
“This is one of the most exciting ventures to date for our company," Chief Executive Officer Wayne Zallen says. "We feel there is a tremendous opportunity to do a role up within the RV and Campground Industry and then rebrand using the Smoke on the Water Brand. The industry is largely dominated by a ‘Mom and Pop’ types of establishment and perfect for a roll up acquisition strategy."
Located just 20 miles south of Grants Pass, Oregon and 2.5 miles east of the Redwood Highway (Hwy. 199) in Selma, Oregon, Lake Selmac Resort currently facilitates fishing, swimming, boating, and in addition to RV parking, has tent camping and cabin locations established for accommodation. To view more regarding the property, visit www.lakeselmac.com
Because it’s not yet permissible to recreationally smoke in National and State Parks, it has been discovered that relaxed marijuana laws are indeed a powerful motivator for tourists, which creates a very lucrative niche opportunity for smaller, privately owned properties that can offer the freedom of experiencing Oregon’s strikingly beautiful landscape while also allowing its visitors to enjoy Oregon’s 420 friendly privileges, according to a press release.
According to the Travel Oregon Strategic Plan for 2015-17, it states: “More people than ever are choosing to come to Oregon, and they are traveling farther than ever to get here. They are coming to enjoy the things we love: natural beauty, wilderness, adventure, amazing fresh food, wine, craft beer, world-class sports and a vibrant arts and culture community. The result of all these visitors is a long list of powerful statistics and measures that show the profound economic power of tourism in Oregon.”
In a recent survey done in Colorado, the following statistics were discovered: “Potential summertime visitors who were exposed to the state’s tourism ads said the marijuana laws influenced vacation decisions almost 49 percent of the time,” The Denver Post reports. While the state’s tourism ad campaign does not mention marijuana, 22 percent of survey respondents said the drug was “extremely influential” in their decision to visit Colorado. In addition, 20 percent said it was “very much influential” and nearly 7 percent said it was “somewhat influential.”