Post Covid demand for RVs

Post COVID, the year 2021 and 2022 saw prices of RV skyrocket mainly due to the increased popularity of remote work that allows employees to work while traveling. This trend has influenced many to buy RVs and work while living the RV life. Having said that, the outlook for RV sales in 2023 is expected to see a big drop probably because of surging interest rates, high gas prices, and a weakening economy to name a few.

According to industry experts, RV sales have skyrocketed since the pandemic began, with some manufacturers reporting record-breaking sales. This increased demand has also led to higher prices for both new and used RVs. Additionally, RV rental companies have seen a surge in demand as more people seek to rent RVs for vacations and road trips.

I had actually rented out a motorhome as soon as the covid restrictions had been relaxed. Myself and my friends had a great time during our much needed vacation. We had felt like as though we were released from captivity.

COVID-19 crisis had severely affected the tourism industry like most other industries across the world. This resulted in reduced sales of RVs in the market noticeably in the first half of the year 2020. However, the market has slowly recovered mainly due to the consumers’ preference to stay in caravans rather than hotels. Moreover, the growing number of active campers is contributing to the demand for RVs, not to mention the commercial usage of RVs which is also on the rise. Increasing demand for road trips as a getaway from work-life will certainly boost the market growth. There is no doubt that post COVID period has witnessed significant growth in the use of RVs.

Investing in RVs is a good idea as one can enjoy the benefits for personal use as well as rent it out to friends for a fee as a side hustle. Road trip fancy is catching up all over the world and RVs are going to bring a change in the tourism industry.