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There isn’t a better time to be in the outdoor hospitality business. RV Park investment offers one of the highest ROIs in commercial real estate – estimated to be between 10% and 20%.
RV supply is on the rise and prices are holding steady as the market stabilizes, encouraging more people to purchase their first RV or upgrade existing ones. Plus, RVs aren’t just for vacations any more. RVing has become a full-time living lifestyle, and not just for retirees, millennials are buying RVs in record numbers.
Glamping is taking a significant place in the market with a compound annual growth rate (CAGR) of 10.9%. Glampsites offer travelers a way to connect with nature without leaving all the comforts of home behind them. Sites feature private bath facilities, gourmet meals, and concierge services.