Now is a great time to invest in an RV Resort

Thanks in part to the Covid pandemic, road travel in 2020 increased dramatically, and many opted to make their road trip vacation in an RV. The resulting boost to the RV industry has been so great that manufacturers are now facing record-level order backlog. One of the largest, Thor Industries, has a backlog to the tune of $14.32 billion. Although companies are making efforts to ramp up production, they are experiencing some of the same supply chain constraints as auto makers, such as a shortage of semiconductors.

With an increase in RV usage has come more activity at RV parks. There are 11,000,000 RV owners in the US and just over 1,000,000 RV sites. Now is a great time to invest in an RV park!

Those fortunate enough to purchase an RV can now travel freely, not just across the country, but into Canada and Mexico as well. The US is easing restrictions at its northern and southern borders for fully vaccinated travelers. Canadian border communities hit hard by the border closure are now looking forward to upticks in revenue due to the reopening.