RVIA Economic Impact Study

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 .

Jellystone Parks Revenues Up 11.4 Percent YTD

Thu Nov 30, 2017

151205758863715.pngMILFORD, Ohio — Revenues were up 11.4 percent from January through September at Jellystone Park Camp-Resorts across the U.S. and Canada, compared to the same period last year, according to the company that franchises the family-friendly camping resorts.

Revenues for the third quarter were up 7 percent, fueled by Jellystone Parks' Halloween-themed weekend activities.

"2017 is shaping up to be our strongest year yet, and we expect our growth in revenue and occupancy to continue next year at Jellystone Parks across the U.S. and Canada," said Jim Westover, vice president of operations for Leisure Systems, Inc.

Overall revenues for 79 parks, including new parks in the Jellystone Park system, were up 11.4 percent through September, while same park revenues were up 11.2 percent. Campsite revenues were up 11.2 percent, while rental accommodation revenues were up 8.6 percent. Campground store revenues were up 10.6 percent, while ancillary revenues, such as revenues from special activities and rental equipment, were up 9.5 percent.

Jellystone Parks also saw significant gains in occupancies, especially during the week. Overall camper nights (occupancies) were up 10.3 percent, while weekday nights were up 20.3 percent. Weekend nights were actually down 5.2 percent, but that had more to do with the timing of certain holidays this year than anything else, Westover said.

Milford, Ohio-based Leisure Systems currently franchises 79 Jellystone Park campgrounds with more than 17,000 campsites and vacation rentals across the U.S. and Canada, and plans to expand to more than 100 parks in the coming years. At least four new locations will be added in 2018 in Iowa, Missouri, Ohio and North Carolina.

Jellystone Parks in North Carolina and Texas have experienced the strongest growth this year, followed by parks in Ohio, New York and Michigan. According to Jeff Crider, company spokesperson, the following statistics highlight the magnitude of Jellystone Park revenue and occupancy growth in these states: North Carolina, 26.4 percent increase in revenue, Texas, 15.8 percent; Ohio 14.5 percent; New York, 12.2 percent; and Michigan, 10.4 percent.

The five Jellystone Parks in Canada have collectively seen an 8.6 percent jump in revenue and occupancies this year.

Leisure Systems' growing sales and profitability landed the Jellystone Park franchisor a spot in Entrepreneur magazine's latest Franchise 500® listing, ranking 472 for its exceptional performance across several areas, including financial strength and stability, growth rate and brand power.

Westover attributes the revenue and occupancy growth to the continuing addition of water playparks and furnished rental cabins, which enable the campground network to broaden its market base beyond RV and tent campers.

The growth is also being fueling by the increasing popularity of Jellystone Parks in general, which are famous for providing organized family activities and themed weekends. Locations in Cave City, Kentucky and Burleson, Texas are undergoing major expansions, adding 300 sites and 50 cabins between the two of them.