A new study conducted by an outside, independent firm and shared by the RV Industry Association has found that RV vacations cost much less than other types of vacation travel, even when factoring in fuel prices and the cost of RV ownership. This information can be important for toy storage operators when considering development or expansion of RV and boat storage facilities. The information is also useful for RV storage operators to pass onto their clientele, especially knowing that the study, conducted by CBRE Hotels Advisory Group, found there are average cost savings of up to 60% for a four-person travel party, while a two-person travel party saves up to an average of 46%, depending on factors such as the type of RV and type of vacation.
For the most common type of RV, the lightweight travel trailer, the average cost per day of the four-person camping vacation was found to about 48 percent less than the average daily cost of a comparable 4-person air/hotel vacation and be about 34 percent less expensive than the average daily cost of comparable 4-person car/hotel combination vacation.
For the fastest growing segment of RVs, Class B motorhomes, the average cost per day of the 4-person camping vacation was found to about 49 percent less than the average daily cost of a comparable 4-person air/hotel vacation and be about 35 percent less expensive than the average daily cost of comparable 4-person car/hotel combination vacation.
“Consumers continue to place a priority on traveling and spending time with family and friends and this study confirms the fact that RV vacations are one of the most economical ways to travel,” said RV Industry Association President & CEO Craig Kirby. “RV vacations provide freedom from many of the traditional hassles of travel, while also providing greater control over your budget.”
The study analyzes vacation costs using two sets of hypothetical travel groups: a four-person travel party of two adults and two children, and a two-person travel party of two adults. The study compared different methods of travel:
- Lightweight travel trailer
- Compact motorhome
- Class C motorhome
- Class A motorhome
- Traveling in a personal car, staying at hotels/motels, and eating meals in a restaurant
- Traveling by airline, renting a car at the destination, staying at hotels/motels, and eating meals in restaurants
- Traveling in a personal car or airline, staying at a rental house/condominium, and eating the majority of meals in the rental unit
Resources for the study
The study analyzes major costs vacationers incur traveling to nine popular vacation destinations. Specific routes and stops were analyzed to evaluate the true comparison of vacation types. For each destination, researchers analyzed vacations lasting three, seven and 14 days.
“It was important for us to look at real itineraries for travelers and quantify what real families can expect to save by choosing RVing as their preferred mode of travel,” said Go RVing Chief Marketing Officer Karen Redfern. “Beyond the cost savings, RVing also allows families the unique ability to travel whenever and wherever desired while avoiding common travel hassles and fostering an increased sense of togetherness, control, flexibility, convenience, and accessibility to the great outdoors.”
For a family of four traveling from Dallas, TX to the Grand Canyon for a 14-day vacation, the trip would cost $8,801 if the family took a plane, rented a car, and stayed in hotels. For the same vacation in a Class C motorhome, the vacation would cost $5,627, a 37% savings.
For that same family of four to take a 7-day vacation from Oklahoma City, OK to Corpus Christi, TX, the family would expect to pay $5,279 to fly, rent a car, and stay in a hotel. The same vacation in a lightweight travel trailer would cost only $2,383, a savings of 55%.
Similarly, a family of four taking a luxury 7-day vacation traveling from Washington, DC to Cape Cod, MA with first class air travel, car rental, a hotel would spend $8,201. For the same vacation in a luxury Class A motorhome, the family would spend $4,981, a 39% savings.
Even when airfare is removed and a family road trip staying in a hotel is compared to an RV vacation, the savings are significant. A family of four taking a seven-day vacation from Atlanta to Orlando would spend $3,216 for a road trip in a family car and staying at hotels and motels. The same vacation in a folding camping trailer would cost $1,712, a 47% savings.
The study also looked at travel for a party of two. In one example, a couple traveling from Seattle, WA to Yellowstone National Park would expect to spend $11,328 for a 14-day vacation traveling via airplane, rental car, and vacation home rental. A similar vacation in a Class B motorhome for the couple would cost $4,606, a savings of 60%.
For two people traveling from Detroit, MI to Traverse City, MI for a quick 3-day vacation, they could expect to pay $1,898 for a flight, rental car, and hotel. The same trip for the couple in a lightweight travel trailer would only cost $1,001, a savings of 47%.
Fuel costs have negligible impact
The study included analysis of how fluctuations in fuel prices could affect the economic advantages of RV travel. Researchers found that for a four-person travel party it would take a rise in fuel prices to nearly $21 per gallon for a class C motorhome vacation to be more expensive than the least expensive non-RV vacation. The class A motorhome vacation remains less expensive than the upscale non-RV vacation until the respective fuel costs increase between 350 and 375 percent, or between $25.20 and $26.60 for diesel fuel and between $17.06 and $18.00 for regular gasoline.
“We are of the opinion that fuel costs will likely not approach the levels required to significantly impact the affordability of RV vacations versus other modes of travel in the foreseeable future. As such, RV vacations are generally less expensive than the comparable non-RV vacation types. Therefore, price spikes in fuel costs should not adversely affect the decision on whether or not an RV vacation is taken versus other types of vacations,” the study states.
Research by Go RVing and the RV Industry Association shows that when fuel prices are higher, RVers save on fuel costs by driving fewer miles, taking trips closer to home, and staying longer in one destination.
CBRE Hotels Advisory was commissioned by Go RVing to provide an objective comparison between the cost of a summer vacation using RVs and the cost of other types of vacations during that same timeframe. CBRE factored in an estimated cost of RV ownership based upon published data regarding average ownership periods, residual values, annual days of use, insurance, and other costs of ownership, as well as any applicable tax benefits.
CLICK HERE TO VIEW THE FULL STUDY
CLICK HERE TO PURCHASE THE STUDY