The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.
The travel industry took a hit during the COVID-19 crisis. Suddenly the idea of crowded airports and bus stations, in addition to mandated travel bans, made vacations less appealing, or even impossible, for most of us. It was no different for the RV industry. With campgrounds shutting down and stay-at-home mandates, RVing was put on hold with the rest of the travel methods.
But then something amazing happened: RVing was rediscovered. Drawn to the idea of being able to get away while staying self-contained, RVing empowered people to travel again safely. The RV industry as a whole saw a boom, and peer-to-peer rentals led the way, especially RVshare - a site that has doubled its seven-year booking total in 13 months.
RVshare began in 2012 after Co-Founder Mark Jenney realized his newly purchased RV would sit unused for the majority of the year. He discovered that renting out his RV was an opportunity to not only offset the costs of owning and maintaining an RV, but also a way to share all the perks of RVing with people who weren’t sure if they wanted to own one.
Fast forward to today. RVshare is the world’s first and largest peer-to-peer RV rental marketplace, with more than 100,000 RVs to rent across the country. With thousands of satisfied customers and a broad inventory ranging from travel trailers to luxury motorhomes, you’ll find the perfect RV for your vacation, tailgate, or temporary lodging needs.
How RVshare Works
Like our founder realized, the average family’s RV will sit unused for approximately 90% of the year. That’s a long time for an investment like an RV to go unused. Families everywhere want to experience RVing but may not have the means or interest in owning an RV. RVshare solves both of these issues by bringing renters and owners together.
RVshare is helping to create the world’s first fleet of RV entrepreneurs. RV Owners can list their personal RVs rent out when not in use to earn an average of $16,000 annually. Owners also have total control of their pricing, availability, and listing. Insurance is provided by RVshare as well as 24/7 customer service to support both parties.
2020: The Year Of The RV
While RVing has been becoming more mainstream over the years, 2020 has seen a dramatic increase in bookings for RVshare. The platform has been in operation since 2013 and only recently reached one million days booked in July 2019. The site has doubled its seven-year booking total in 13 months, recently hitting two million days booked.
There is no sign of business slowing down as bookings for fall have already increased 123% year-over-year and continues to grow. According to a recent RVshare survey, nearly 70% of respondents plan to take a trip in the next three months, and 68% are likely to consider an RV for their fall getaway.
The popularity of RVing in 2020 just makes sense. It’s an easy way to maintain social distancing guidelines and quarantine restrictions. Rather than having to rely on hotels, restaurants, and gas station bathrooms, RVers have private accommodations that they can be reasonably confident are clean, safe, and sanitary. For many, it is far preferable to flying in a plane, given the close quarters required to do so.
Furthermore, after being stuck inside with nothing but screens as entertainment for several months, many are aching to get out into nature. RVing is the perfect combination of creature comforts and wilderness access, allowing you to choose between developed campsites, deeper woods, and off-grid experiences. Plus, with remote work and learning being extended by many companies and schools, many families are using this opportunity to experience something new together.
For more information on RV travel and to explore rental options, visit RVshare.
*RVshare Travel Sentiment Survey, August 2020. Methodology: Active RVshare customers in the past 90 days, 323 responses, Ages 25-99, Male (44%), Female (54%)
The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.
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