Three weeks ago I picked up shares of Winnebago (WGO) at $36.40 due to a late-night inspiration.
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| Winnebago's Solis starts at $100K |
When summer travel partially opens up, there are two near-certainties: gas will be cheaper than it has been in generations, and COVID-19 standards of cleanliness in hotels, airplanes, and car services aren't guaranteed.
RV's provide a solution--see America without having to worry about bedbugs or worse.
Today's WSJ confirms that
travel by recreational vehicle is a hot trend this summer:
Only 14% of travelers feel safe taking a domestic flight, and 17% feel safe at a hotel or resort according to a late-April survey by MMGY Global for the U.S. Travel Association.
Jon Gray, the CEO of RVShare, a similar peer-to-peer platform boasting more than 100,000 recreational vehicles among its nationwide listings, has noticed that a lot of people don’t want to risk hopping on airplanes to get where they’re going: “We’re seeing our drive-to markets doing particularly well right now.” The site has seen a 650% rise in RV rental bookings since early April...
“We have been flooded with new inquiries, and an unusually high number of longer rentals (lasting from one to three months in duration),” said [Livmobil CEO Bill] Ward. “I think this is going to be the trend for the remainder of 2020 and 2021, at a minimum.”
WGO closed at $50.58 yesterday.
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