Here's Why Camping World's Growth Will Stay Strong
The recreational vehicle (RV) world is still having its day in the sun a year after the COVID-19 pandemic launched a historic upswing in its popularity, and Camping World Holdings (NYSE: CWH) continues leading the charge as the trend gathers momentum into summer 2021. Here are four reasons you should think about adding more of this company's stock to your portfolio as America's interest in the RV lifestyle blossoms.
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The RV Industry Association, or RVIA, projects a most likely scenario of approximately 576,000 RVs sold by this year's end, a 33.8% surge over 2020 -- already a banner year -- and 14.1% above the previous all-time high of 504,600 RVs sold in 2017. Alongside purchases, RV rentals are exploding, with RVShare reporting an 846% year-over-year jump in April rentals for 2021, and continued strength expected throughout the year's summer and autumn seasons.
Source Fool.com
