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Monday, July 07,
2008 |
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RESTON, Va. --
Despite
record-breaking fuel
prices, typical RV
trips remain the
least expensive type
of vacation,
according to a new
study comparing
vacation costs.
PKF Consulting, an
international
consulting firm with
expertise in travel
and tourism, found
that "typical RV
family vacations are
on average 27 to 61
percent less
expensive than other
types of vacations
studied."
Even factoring in RV
ownership and fuel
costs, the study
reveals that RV
family vacations
tend to be
significantly less
expensive than other
types of vacations.
"This study
re-affirms what
RVers have long
known, that RV
vacations deliver
greater economic
value compared to
other types of
vacations," says
Richard Coon,
president of the
Recreation Vehicle
Industry Association
(RVIA). "RV
vacations continue
to be the most
affordable way for a
family to travel
because of the
tremendous savings
on air, hotel and
restaurant costs.
And these savings
offset the cost of
fuel."
PKF analyzed major
costs that would be
incurred by a family
of four taking eight
different types of
vacations for three,
seven, 10 or 14 days
to such popular
travel destinations
as the Grand Canyon,
Cape Cod, and Napa,
Calif.
"On average, RV
vacations were more
economical than the
other types analyzed
in all but one
case," says Kannan
Sankaran, PKF's lead
researcher for the
study. "Even as fuel
prices increase, our
findings show that
almost all RV
vacations are still
significantly less
expensive than
non-RV ones."
Fuel prices would
have to more than
double for typical
motorhome vacations
to become more
expensive than other
forms of travel,
according to PKF
Consulting. The
study also shows
that fuel costs
would have to more
than triple for
trips in lightweight
travel trailers or
folding camping
trailers to be more
expensive than the
least expensive
non-RV vacation.
Almost 80 percent of
the RV market
consists of towable
RVs, including
lightweight units
which can be towed
by car, van or
pickup.
RV owner John Bargo,
a computer operator
from Milwaukee, Wisc.,
agrees with PKF's
findings. "When you
figure the cost of
driving in a car,
staying in hotels
and eating in
restaurants, it's a
lot more expensive
than bringing your
lodging and food
with you."
Dennis Silipena, a
55-year-old service
and parts manager
from Hammonton,
N.J., also
appreciates the
affordability of RV
travel. "I've owned
an RV for 25 years
and I've enjoyed
significant savings
over other types of
vacations. I pay $30
to $40 to stay in a
campground rather
than $150 to stay in
a hotel. And it's a
much nicer
experience staying
in my RV."
The study showed
that a family of
four traveling from
Phoenix, Ariz. to
Napa, Calif., with
their folding
camping trailer for
10 days, staying in
campgrounds at the
local average of $33
per night, would
save 52 percent, or
$2,379, over the
same trip taken by
car, staying in
hotels averaging
$122 per night and
eating in
restaurants. Taking
the same vacation by
a Type C motorhome
would save $1704, or
37 percent, over
going by car.
A week-long family
vacation towing a
conventional travel
trailer from Salt
Lake City to the
Grand Canyon
compared to the cost
of taking the same
trip by airline,
renting a car and
staying in a hotel
would be $2,647, or
65 percent less
expensive.
Shorter getaways by
RVs were also found
to be more
economical. For
example, a family
taking a three-day
vacation from
Pittsburgh, Pa. to
Lancaster, Pa.,
would save $323 or
31 percent by towing
a conventional
travel trailer,
rather than going by
car, staying in
hotels and eating in
restaurants. The
savings would be
even greater -- $889
or 52 percent -- for
families taking the
same trip by a Type
C motorhome rather
than flying.
Among the RV
vacations analyzed
by PKF, even those
taken in an
ultra-luxury Type A
diesel motorhome
were less expensive
than flying and
staying in a hotel.
Only a family taking
a vacation by
personal car with
hotel or renting a
condo and cooking
for themselves would
cost less than a
family taking a trip
in a Type A
motorhome. "Owners
say the added space,
comfort and
convenience while
traveling justify
the investment in a
Type A," noted Coon.
In addition to major
expenditures
required from the
start to finish of
each vacation, PKF
factored in an
estimated cost of
ownership of the RVs
analyzed: a folding
camping trailer,
conventional travel
trailer, and Type C
and Type A
motorhomes. Research
included documenting
average ownership
periods, residual
values, annual days
of use, insurance
and applicable
interest deductions.
"RV vacations are a
great way for
families to spend
time together and
bond," said Coon.
"Whether it's in a
luxury motorhome or
a basic folding
camping trailer, RV
vacations offer
value that lasts a
lifetime."
The PKF study
considered only
quantifiable
economic factors,
not the comparative
quality of each
vacation. As a
result, the
convenience,
flexibility and
quality family time
cited as major
benefits of
traveling in an RV
could not be
addressed.
SOURCE: RV Industry
News press
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