Month: November 2019

Record Rains Impacting Tourism Revenue in Kansas

The Kansas Department of Wildlife, Parks and Tourism stands to lose millions of dollars after record spring rains led to park closures, property damage and washed-out roads, according to Kansas Public Radio. Kansas Public radio reported that in most of Kansas, the rain started in early spring and didn’t stop until the end of June. High water levels at reservoirs ...

Oklahomans Opt for ‘Glampsgiving’ During Holiday

Oklahomans are forgoing the traditional Thanksgiving spent indoors, and opting instead to celebrate "Campsgiving" or "Glampsgiving" by spending quality time together in or near nature, according to a report by the Bartlesville Examiner-Enterprise. In fact, according to a recent report released by the outdoor experts at Hipcamp, Oklahoma has been named the No. 1 Glampsgiving/Campsgiving destination in the U.S. this ...

Consumer Confidence Still High Despite Nov. Decline

U.S. consumer confidence declined slightly for a fourth consecutive month, but it remains elevated with the holiday shopping season ramping up. ABC News reported that the Conference Board said Tuesday (Nov. 26) that its consumer confidence index ticked down to 125.5 in November from October’s 126.1 reading. Consumers’ feelings about the present economic conditions also regressed slightly, but their short-term ...

Economist Links Cummins Layoffs to Trade Dispute

A professor at the Indiana University Kelley School of Business says the announced layoffs at Columbus-based Cummins Inc. (NYSE: CMI) are a signal of the continuing impact of a trade dispute between the U.S. and China. “We’re seeing a significant slowing in the global economy,” said Phil Powell, professor of business economics. “What we need to realize is that Cummins ...

RVIA to Host BEA Webinar to Examine Study Results

The RV Industry Association (RVIA) will host a webinar at 2 p.m. (EST) on Dec. 5 as Bureau of Economic Analysis (BEA) officials will walk through the results of a recent study and what it means for the RV industry, according to a press release. Earlier this year, the Bureau of Economic Analysis released the first-ever study on the economic impact of ...

Cavco Acquiring Georgia-Based ‘Destiny Industries’

Cavco Industries Inc., a builder of manufactured housing and park model RVs, recently completed its acquisition of Destiny Industries LLC, based in Moultrie, Ga. According to a press release, Destiny Industries was founded by brothers Bill and Donnie Edwards in 1978 and has been a producer of manufactured and modular housing for over four decades. Cavco, based in Phoenix, Ariz., ...

Official Calling for Overhaul on How Fed Sets Rates

A senior Federal Reserve official on Tuesday (Nov. 26) said the central bank needs a new approach on monetary policy, suggesting the Fed erred in 2015 when it began to raise U.S. interest rates on a mistaken assumption that inflation would rise. Marketwatch reported that Federal Reserve Board Governor Lael Brainard said the central bank should avoid raising rates in ...

GasBuddy: Pump Prices Up Slightly for Thanksgiving

GasBuddy is projecting that the national average gasoline price for Thanksgiving will be at its highest since 2014. While it may lead to some complaints, with 30% of Americans saying high prices are impacting their plans, it won’t slow them down much with a 7% rise in motorists on the road for Thanksgiving versus last year. The Minden Press Herald ...

Mount Comfort RV Indy Grants Wish For 9-Year-Old

(L-R) Donors LH and Dianne Bayley, Avery, Jessica and Carl Leck and Tom Covey of Mount Comfort RV Mount Comfort RV recently partnered with the Indiana Children’s Wish Fund to provide 9-year-old Avery Leck's family with a 19-foot travel trailer.  According to a press release, Avery, who is challenged with a life threatening illness, applied for a wish and had ...

Years of Wildfires in California Impact Future Tourism

After several years of unprecedented wildfires, many of them raging through national forests and the celebrated Napa/Sonoma wine region, California’s tourism industry is up against what former Gov. Jerry Brown calls “the new abnormal.” While visitor numbers remain strong, California tourism marketers are grappling with other challenges, some of them exacerbated by the fires. These issues include a lack of ...

RVIA Lobbies to Include Trailers in Floorplan Tax Bill

Editors Note: The following report generated by RVIA News & Insights details the push for legislation ensuring that towable RVs have access to the floorplan interest financing deduction. Under current law, an exemption for interest paid on dealer inventory applies only to RV motorhomes to the detriment of the RV travel trailer segment of the industry. More specifically, the tax ...

‘DLL’ Financial Set to Expand into Recreation Market

DLL, a Netherlands-based global financial solutions provider, will expand its offerings into the recreation and leisure lifestyle market in North America, including motorsport, marine, recreational vehicles and manufactured homes. According to a press release, the company will provide floor planning lines of credit for eligible/qualified dealers to finance inventory purchases from their manufacturing partners, including new, rental and used inventory ...

Togo Group Initiates Key Hires to Management Team

Togo Group has expanded its team with a recent series of executive hires, filling key roles in developing strategy, product development, partnerships and marketing for Togo Group and two of its consumer brands. "Every year, more travelers are discovering the joys of road-based and outdoor travel, and we want to make their adventures easier, more accessible, and more enjoyable," said ...

Report: Outdoor Industry Tariffs Hit an All-Time High

Outdoor businesses are running out of wiggle room for tariffs on all types of products, as duty after duty gets added to the cost of doing business with China. Some brands are turning to their last resort — raising prices. “The China tariffs are looking more and more like a giant avalanche that’s trying to bury many outdoor businesses,” said ...

‘Team RV Express’ Partnering With March of Dimes

Middlebury, Ind.-based transporter Team RV Express has united with March of Dimes Canada (MODC) in an effort to raise $75,000 for the MODC’s Campers Helping Campers (CHC) program, the company announced in a press release. “March of Dimes Canada is very excited to be working with Team RV Express,” said Dennis R. Ullman, MODC associate director. “This partnership will help ...

Fed’s Powell Upbeat on Economy, Inflation Still Low

Federal Reserve Chairman Jerome Powell on Monday (Nov. 25) sketched an optimistic view of the economy but signaled that continued low inflation means higher interest rates won’t likely be necessary anytime soon. The Associated Press reported Powell said that even with unemployment near a 50-year low of 3.6%, there’s still “plenty of room” for wages to rise and for more ...

Cummins Laying off 2,000 Salaried Workers Globally

Columbus, Ind.-based Cummins Inc. said Monday (Nov. 25) that it will lay off 2,000 salaried employees as the global enginemaker copes with a downturn in business. The Indianapolis Star reported that spokesman Jon Mills confirmed the company's workforce reduction plans via email late Monday. He did not say how many workers in Indiana would be affected. Cummins employs more than ...

RV Tech Certification Program Transitioning to ‘RVTI’

While the deadline for applying to take the current RVDA/RVIA certification test is Dec. 31, appreciable changes are apparently in the works for the certification program, according to a Monday (Nov. 25) press release from the RV Industry Association (RVIA). “As we begin a new era of technician certification and training through the RV Technical Institute (RVTI), RVIA and RVDA ...

New Minimum Wage Laws are Impacting Park Owners

George O’Leary and Paul Friesen’s parks are nearly 2,400 miles apart and they couldn’t be any more different. O’Leary owns and operates the 1,100-site Rincon Country West RV Resort and the 460-site site Rincon Country East RV Resort in Tucson, Ariz., which cater to snowbirds and retirees on fixed incomes. Friesen owns and operates the 200-site Watkins Glen/Corning Kampgrounds of ...

RVIA: Wholesale Shipments Decline During October

The RV Industry Association's (RVIA) October survey of manufacturers found that total RV shipments ended the month with 38,972 wholesale shipments, a decrease of 10.5% from the 43,568 units shipped last October. Towable RVs, led by conventional travel trailers, totaled 34,866 units for the month, a decrease of 10.0% compared to last October’s total of 38,759 units. Motorhomes finished the ...

RVB Announces Judges for 2nd Annual ‘RISE Awards’

Designed to honor the best and most innovative new products marketed by RV industry component suppliers for the 2020 model year, organizers of the 2nd Annual RVBusiness RISE (Recognizing Innovation & Supplier Excellence) Awards program once again has assembled a select panel of judges who represent some of the industry’s most respected technical experts. Managed by RVBusiness Editor Bruce Hampson and ...

Ottawa-Based Renter ‘RVezy’ Seeing Strong Growth

Ottawa, Ontario-based start-up RVezy.com is set to appear again on CBC's "Dragons' Den." During their first appearance in 2017, co-founders Michael McNaught and Will Thompson struck a deal with Michele Romanow, providing them with a key business partner and the exposure it needed to build its brand and expedite growth. According to a press release, RVezy is Canada's first RV ...

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