RVshare is celebrating its 10th anniversary after launching its first landing page in 2013 from the company founder’s basement.
Five years later, the company hired Jon Gray as its new CEO. Within Gray’s first month, he secured a $50 million commitment from Austin-based investment firm Tritium Partners. Since then, RVshare raised over $100 million in growth capital from private equity giant KKR.
This year, RVshare has over 100,000 listings across the country, listed by over 60,000 RV owners. The peer-to-peer platform has seen over 4 million nights booked and 203 million miles traveled by RVshare renters.
“Since 2020, the trajectory of RVshare has been like a rocket ship,” Gray said. “We watched bookings stall in March 2020 and then jump, growing our business exponentially in the months following. The pandemic sped up the RV rental industry by five years in the span of 12 months, and the demand for RV travel has remained high since.”
RVshare’s 2023 Travel Trend Report compiled data revealing nearly all Americans (99%) were planning leisure travel in 2023. Of all Americans planning leisure travel in 2023, 61% planned to take a road trip or vacation in an RV this year. RV interest continues to rise, with 62% of travelers reporting they are likely to consider renting an RV for a trip in the future, up 9% from 2022.
“We have seen a fundamental shift around the industry,” Gray said. “It is no longer just your parents’ retirement plan but a way for families to visit Disney World or young couples to work remotely from a National Park.”
