How America's Rediscovery Of Road Tripping Is Changing The Economy Unlisted Video
3 years ago
32
CME Group
Car
Gasoline
Road Trip
Millennials
Recreational Equipment
Inc
Retail
car parts
auto parts
camping
The coronavirus pandemic has made a fundamental change in the way Americans take vacations--at least for the time being.
According to Business Insider, vacationers nervous about flying are taking to the road and are staying closer to home. The usual distance is about 100 miles away.
They're also booking the same place multiple times, travelling just so they can work remotely from somewhere else as a change of pace.
Roadtrippers are having a significant impact on the economy. There's been an uptick in retail sales for auto parts and sporting goods.
Also, older millennials and Gen Xers entering the market for the first time, rather than retirees, are making up the bulk of the unprecedented demand for RVs.
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