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 Nov 13, 2017
Author: David A. Rozansky
SAN FRANCISCO — Outdoorsy has announced an incentive program creating entrepreneurship and economic opportunities in the recreational travel industry for active-duty and veteran service members. The company is waiving 100 percent of its service fees for the entire first year when active-duty and veteran service members list their RVs on Outdoorsy's peer-to-peer recreational vehicle marketplace.
According to Outdoorsy, the recreational travel and services industry is experiencing unprecedented growth, with $1.87 billion spent each day in the United States. Combined with low startup costs and the ability to utilize unused assets, the RV and camper rental industry is an ideal fit for military service members seeking to supplement their incomes or transition into civilian life, the company says.
"Service members make for exceptional business owners," Outdoorsy Founder and CEO Jeff Cavins says. "They know how to lead teams, work with systems, and have the dedication and perseverance to succeed — no matter what. Our platform provides them with the technology, marketing and world-class customer service needed to succeed."
Outdoorsy's platform is simple, scalable and highly profitable, the company says, providing aspiring entrepreneurs with a steady pipeline of booking requests and a raft of safety features such as GPS vehicle tracking and DMV driver verification. Additionally, the platform's $1 million insurance policy ensures that all rental transactions conducted through its platform are safe and secure.
Outdoorsy has a network of successful, like-minded RV- and camper-rental business owners who offer support, camaraderie and advice to new business owners about how to easily scale a rental business to multiple vehicles.
"Service members and veterans are among our most successful pro operators on our platform, making anywhere from $20,000 to $100,000 with just one or two vehicles," Co-Founder Jennifer Young says in a press release. "Take Eddie Macias, a Navy veteran, and one of Outdoorsy's top owners. He lives in Monterrey, California, and rents out his Forest River Sunseeker to eager tourists. Renting out his RV has given him time back in his day and he plans to expand his business further adding more vehicles and revenue."
"This program is something that we are massively passionate about," Young said in a phone interview. "This is Outdoorsy's first effort in helping out vets and and service members. We are helping active-duty military or veterans with a business in a box to help them get started. And we do have future plans to build out more cost-saving programs and other elements that will help give back to the military and veterans. We don't want to just say we support our military, we want to give back."
The timing, Young says, was fortuitous.
"It was definitely good luck that we were able to get organized around Veteran's Day, but we had been in planning for a year," she says. "It was conceived by Jeff Cavins. He likes to talk about providing opportunities for the veterans and military people he saw."
She says that she is amazed that as much as nine percent of businesses are owned by veterans and active-duty military personnel. Outdoorsy wants to tap into that potential.
"Our members are seeing how lucrative this (peer-to-peer rental marketplace) is," she says. "They are often taking that money and deciding to invest in a second vehicle."
Any active-duty and veteran service member will receive waived service fees for their first year in business under the program upon listing an RV with Outdoorsy. Outdoorsy says this represents on average more than $2,800 in retail value. Veterans and active-duty service members can visit outdoorsy.com/veterans to list RVs or find out more about the program.