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Vacation Cost Analysis

RV Vacations Are the Least Expensive Way to Go

Can you put a price tag on happiness? Turns out you can and it’s very affordable. For families, RV vacations are the most economical way to go.

Parents who took RV vacations as children are more likely to want to recreate that experience for their own children because of the life-long memories forged on the road together.

Plus, RVs are an affordable option today as families look for ways to fit leisure time into the family budget. Typical RV trips remain the least expensive type of vacation, according to a new Vacation Cost Comparison study.

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 who conducted the study in late spring 2008 when gas averaged $3.63/gallon. 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.

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 $1,704, or 37 percent, over going by car. (see sample table below for details)

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 spend less than a family taking a trip in a Type A motorhome. “Type A owners say the added space, comfort and convenience while traveling justify the added investment,” 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.

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.

 

Cost Comparison of Vacations Using RVs vs Other Types of Vacations

Vacation Mode of Travel

3 Days

7 Days

10 Days

14 Days

Family traveling in personal car, towing their folding camping trailer, staying at campgrounds, and preparing all meals in the folding camping trailer or outdoors at campsites.

 $652

  $1,439

     $2,050

   $2,994

Family traveling in light-duty truck/SUV, towing their travel trailer, staying at campgrounds, and preparing all meals in the trailer or outdoors at campsites.

$730

$1,658

$2,359

$3,449

Family traveling in a personal motorhome (Type C), staying at campgrounds, and preparing all meals in the motorhome or outdoors at campsites.

$837

$1,940

$2,761

$3,937

Family traveling in a personal motorhome (Type A), staying at campgrounds, and preparing all meals in the motorhome or outdoors at campsites.

 $1,512

$3,490

$4,975

$7,038

Family traveling in personal car, staying at hotels/motels, and eating meals in restaurants.

$1,052

$2,684

$3,876

$5,358

Family traveling in a personal car or airline (as appropriate), staying at a rental house/condominium, and eating the majority of meals in the rental unit.

$1,709

$2,983

$3,764

$4,884

Family traveling by airline, renting a car at the destination, staying at hotels/motels, and eating meals in restaurants.

$1,949

$3,828

$5,339

$7,187

Family traveling to and taking a cruise from Orlando (7-day vacation) and incurring transportation cost to and from staging area.

N/A

$7,544

N/A

N/A

An Example of One Family Trip Comparison

Vacation Type/Transport Mode/Accommodation

Duration of Vacation

  Phoenix To Napa

10 Days

Car/Folding Camping Trailer

 $2,196 

SUV/Lightweight Travel Trailer

 $2,536

Type C Motorhome

 $2,871

Type A Motorhome

 $5,069

Personal Car/Motels or Hotels

 $4,575

Airline/Rental Car/Motels or Hotels

 $5,706 

Airline/Rental Car/Rental Home or Condo

 $3,748

 
  

Source: PKF Consulting, a leading tourism research firm.

To view a full copy of the 49-Page Vacation Cost Comparison Study in PDF format, click here.

 


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