Recreational Vehicle Campground Investments
Although recreational vehicles (RVs) are typically associated with retirees who travel around the country in their golden years, that situation is changing quickly, with new demographic entrants emerging. Today, it is younger generations who are driving most of the outdoor hospitality sector growth. While curious or cash-strapped boomers search for more affordable vacations, the outdoorsy Millennials are adding to the demand as they pursue the freedom and lifestyle campgrounds offer.
Increasingly, real estate investors have become interested in this changing environment and are channeling more funds into RV campgrounds. These campgrounds or parks are specifically designed for recreational vehicles. The RV campers stay in allotted spaces or campsites overnight or longer, depending on their preferences.
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