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TrueCar Forecasts New and Used Retail Sales Up Slightly Year-Over-Year for January 2021, While Fleet Recovery Drags

SANTA MONICA, Calif., Jan. 26, 2021 /PRNewswire/ — TrueCar, Inc. projects total new vehicle sales will reach 1,048,975 units in January 2021, down 4.4% from a year ago when adjusted for the same number of selling days. This month’s seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 15.9 million units. Excluding fleet sales, TrueCar expects U.S. retail deliveries of new cars and light trucks to be 880,552 units, an increase of 0.4% from a year ago when adjusted for the same number of selling days. Used vehicle sales for January 2021 are expected to reach 3.2 million, up 1% from a year ago and up 10% from December 2020.

«Entering 2021 with retail sales in line with last year is a big win for the automotive industry,» said Nick Woolard, Lead Industry Analyst at TrueCar. «However, while retail sales have rebounded, rental fleets remained depressed and continue to interrupt fleet sales. . As a result, fleet sales are struggling to come back to pre-pandemic levels and are driving total unit sales down.»

«The automotive industry continues to reap the benefits of continued strength in retail demand with lower incentive spend. A handful of brands such as Ford, Genesis, GMC, Ram and Toyota, appear to be in the coveted quadrant of both retail growth as well as incentive decline. This is mostly driven by new product and being in the right segments or a combination of the two,» added Woolard.

Average transaction prices (ATP) are projected to be up 4.2% or $1,509 from a year ago and down 4.5% or $1,759 from December 2020. TrueCar projects that U.S. revenue from new vehicle sales will reach approximately $39 billion for January 2021, down 4.4% (based on a non-adjusted daily selling rate) from a year ago and down 38.2% from last month.

«Average transaction prices have finally come down from the record-setting highs we saw last month, but are still higher than this time last year. Of the bigger manufacturers, only Kia has an average transaction price below $30,000. We expect this trend to continue as consumers desire pricier trucks and SUVs,» said Alain Nana-Sinkam, Vice President of Industry Insights at TrueCar. «As new vehicle prices rise, we may see more price-conscious shoppers gravitate back towards smaller segments or the used car market due to growing concerns around affordability.»

Additional Insights (forecast by TrueCar):

Total retail sales for January 2021 are expected to be up 0.4% from a year ago and down 28.6% from December 2020 when adjusted for the same number of selling days.
Fleet sales for January 2021 are expected to be down 23.7% from a year ago and up 8% from December 2020 when adjusted for the same number of selling days.
Average transaction price is projected to be up 4.2% or $1,509 from a year ago and down 4.5% or $1,759 from December 2020.
Total SAAR is expected to decrease 5.5% from a year ago from 16.8 million units to 15.9 million units.
Used vehicle sales for January 2021 are expected to reach 3.2 million, up 1% from a year ago and up 10% from December 2020.
The average interest rate on new vehicles is 5.6% and the average interest rate on used vehicles is 8.1%.

January 2021 forecasts for the 13 largest manufacturers by volume. For additional data, visit the TrueCar Newsroom.

Total Unit Sales

Manufacturer	Jan 2021 Forecast	Jan 2020 Actual	Dec 2020 Actual	YoY % Change	YoY % Change (Daily Selling Rate)	MoM % Change	MoM % Change (Daily Selling Rate)
BMW	18,358	21,156	45,594	-13.2%	-9.6%	-59.7%	-53.0%
Daimler	15,405	24,111	35,436	-36.1%	-33.4%	-56.5%	-49.3%
Ford	143,106	156,041	208,007	-8.3%	-4.5%	-31.2%	-19.7%
GM	199,403	208,032	295,536	-4.1%	-0.2%	-32.5%	-21.3%
Honda	85,958	101,625	136,467	-15.4%	-11.9%	-37.0%	-26.5%
Hyundai	40,423	44,143	69,388	-8.4%	-4.6%	-41.7%	-32.0%
Kia	36,151	40,355	53,764	-10.4%	-6.7%	-32.8%	-21.6%
Nissan	67,641	80,698	98,638	-16.2%	-12.7%	-31.4%	-20.0%
Stellantis	124,961	135,239	202,371	-7.6%	-3.7%	-38.3%	-28.0%
Subaru	40,624	46,285	63,558	-12.2%	-8.6%	-36.1%	-25.4%
Tesla	26,156	22,350	26,950	17.0%	21.9%	-2.9%	13.2%
Toyota	169,836	166,973	251,256	1.7%	6.0%	-32.4%	-21.1%
Volkswagen Group	39,705	45,377	70,175	-12.5%	-8.9%	-43.4%	-34.0%
Industry	1,048,975	1,143,027	1,619,907	-8.2%	-4.4%	-35.2%	-24.5%

Retail Unit Sales

Manufacturer	Jan 2021 Forecast	Jan 2020 Actual	Dec 2020 Actual	YoY % Change	YoY % Change (Daily Selling Rate)	MoM % Change	MoM % Change (Daily Selling Rate)
BMW	17,885	19,578	44,801	-8.6%	-4.8%	-60.1%	-53.4%
Daimler	15,086	22,516	34,711	-33.0%	-30.2%	-56.5%	-49.3%
Ford	111,163	106,861	169,545	4.0%	8.4%	-34.4%	-23.5%
GM	150,681	147,866	256,921	1.9%	6.1%	-41.4%	-31.6%
Honda	85,485	100,679	135,896	-15.1%	-11.6%	-37.1%	-26.6%
Hyundai	35,967	36,720	60,849	-2.0%	2.0%	-40.9%	-31.0%
Kia	32,392	33,393	51,764	-3.0%	1.0%	-37.4%	-27.0%
Nissan	52,674	57,436	81,068	-8.3%	-4.5%	-35.0%	-24.2%
Stellantis	98,062	100,485	167,109	-2.4%	1.7%	-41.3%	-31.5%
Subaru	38,383	43,618	61,188	-12.0%	-8.3%	-37.3%	-26.8%
Tesla	26,144	22,350	26,941	17.0%	21.8%	-3.0%	13.2%
Toyota	143,997	140,984	222,710	2.1%	6.4%	-35.3%	-24.6%
Volkswagen Group	38,243	40,303	69,128	-5.1%	-1.2%	-44.7%	-35.5%
Industry	880,552	913,238	1,437,992	-3.6%	0.4%	-38.8%	-28.6%

Fleet Unit Sales

Manufacturer	Jan 2021 Forecast	Jan 2020 Actual	Dec 2020 Actual	YoY % Change	YoY % Change (Daily Selling Rate)	MoM % Change	MoM % Change (Daily Selling Rate)
BMW	472	1,578	793	-70.1%	-68.8%	-40.5%	-30.5%
Daimler	319	1,595	725	-80.0%	-79.2%	-56.0%	-48.7%
Ford	31,943	49,180	38,462	-35.0%	-32.3%	-17.0%	-3.1%
GM	48,722	60,166	38,615	-19.0%	-15.6%	26.2%	47.2%
Honda	473	946	571	-50.0%	-47.9%	-17.2%	-3.3%
Hyundai	4,456	7,423	8,539	-40.0%	-37.5%	-47.8%	-39.1%
Kia	3,759	6,962	2,000	-46.0%	-43.8%	87.9%	119.3%
Nissan	14,966	23,262	17,570	-35.7%	-33.0%	-14.8%	-0.6%
Stellantis	26,900	34,754	35,262	-22.6%	-19.4%	-23.7%	-11.0%
Subaru	2,241	2,667	2,370	-16.0%	-12.5%	-5.4%	10.3%
Tesla	12	–	9	–	–	30.6%	52.4%
Toyota	25,839	25,989	28,546	-0.6%	3.6%	-9.5%	5.6%
Volkswagen Group	1,462	5,074	1,047	-71.2%	-70.0%	39.7%	63.0%
Industry	168,423	229,789	181,915	-26.7%	-23.7%	-7.4%	8.0%

Fleet Penetration

Manufacturer	Jan 2021 Forecast	Jan 2020 Actual	Dec 2020 Actual	YoY % Change	MoM % Change
BMW	2.6%	7.5%	1.7%	-65.5%	47.9%
Daimler	2.1%	6.6%	2.0%	-68.7%	1.2%
Ford	22.3%	31.5%	18.5%	-29.2%	20.7%
GM	24.4%	28.9%	13.1%	-15.5%	87.0%
Honda	0.6%	0.9%	0.4%	-40.9%	31.5%
Hyundai	11.0%	16.8%	12.3%	-34.4%	-10.4%
Kia	10.4%	17.3%	3.7%	-39.7%	179.5%
Nissan	22.1%	28.8%	17.8%	-23.2%	24.2%
Stellantis	21.5%	25.7%	17.4%	-16.2%	23.5%
Subaru	5.5%	5.8%	3.7%	-4.3%	47.9%
Tesla	0.0%	0.0%	0.0%		34.6%
Toyota	15.2%	15.6%	11.4%	-2.3%	33.9%
Volkswagen Group	3.7%	11.2%	1.5%	-67.1%	146.9%
Industry	16.1%	20.1%	11.2%	-20.1%	43.0%

Total Market Share

Manufacturer	Jan 2021 Forecast	Jan 2020 Actual	Dec 2020 Actual
BMW	1.8%	1.9%	2.8%
Daimler	1.5%	2.1%	2.2%
Ford	13.6%	13.7%	12.8%
GM	19.0%	18.2%	18.2%
Honda	8.2%	8.9%	8.4%
Hyundai	3.9%	3.9%	4.3%
Kia	3.4%	3.5%	3.3%
Nissan	6.4%	7.1%	6.1%
Stellantis	11.9%	11.8%	12.5%
Subaru	3.9%	4.0%	3.9%
Tesla	2.5%	2.0%	1.7%
Toyota	16.2%	14.6%	15.5%
Volkswagen Group	3.8%	4.0%	4.3%

Retail Market Share

Manufacturer	Jan 2021 Forecast	Jan 2020 Actual	Dec 2020 Actual
BMW	2.0%	2.1%	3.1%
Daimler	1.7%	2.5%	2.4%
Ford	12.6%	11.7%	11.8%
GM	17.1%	16.2%	17.9%
Honda	9.7%	11.0%	9.5%
Hyundai	4.1%	4.0%	4.2%
Kia	3.7%	3.7%	3.6%
Nissan	6.0%	6.3%	5.6%
Stellantis	11.1%	11.0%	11.6%
Subaru	4.4%	4.8%	4.3%
Tesla	3.0%	2.4%	1.9%
Toyota	16.4%	15.4%	15.5%
Volkswagen Group	4.3%	4.4%	4.8%

Average Transaction Price (ATP)

Manufacturer	Jan 2021 Forecast	Jan 2020 Actual	Dec 2020 Actual	YOY	MOM
BMW	$58,473	$57,090	$59,710	2.4%	-2.1%
Daimler	$61,867	$60,853	$61,087	1.7%	1.3%
Ford	$43,580	$42,543	$44,354	2.4%	-1.7%
GM	$41,852	$39,522	$43,735	5.9%	-4.3%
Honda	$30,740	$29,220	$30,959	5.2%	-0.7%
Hyundai	$31,273	$28,324	$30,477	10.4%	2.6%
Kia	$28,204	$25,647	$28,137	10.0%	0.2%
Nissan	$30,068	$29,351	$29,965	2.4%	0.3%
Stellantis	$42,886	$40,590	$43,259	5.7%	-0.9%
Subaru	$30,564	$30,032	$30,789	1.8%	-0.7%
Toyota	$34,995	$33,379	$35,321	4.8%	-0.9%
Volkswagen Group	$43,040	$40,787	$42,920	5.5%	0.3%
Industry	$37,330	$35,821	$39,089	4.2%	-4.5%

Incentive Spending

Manufacturer		Jan 2021 Forecast	Jan 2020 Actual	Dec 2020 Actual	YOY	MOM
BMW	$4,687		$5,812	$5,233	-19.4%	-10.4%
Daimler	$4,187		$6,246	$4,438	-33.0%	-5.7%
Ford	$3,925		$4,926	$4,464	-20.3%	-12.1%
GM	$5,537		$5,673	$4,971	-2.4%	11.4%
Honda	$2,862		$2,520	$2,455	13.6%	16.6%
Hyundai	$2,281		$3,092	$2,536	-26.2%	-10.0%
Kia	$2,605		$3,686	$2,999	-29.3%	-13.1%
Nissan	$4,062		$4,842	$4,586	-16.1%	-11.4%
Stellantis	$5,284		$5,027	$4,681	5.1%	12.9%
Subaru	$1,512		$1,244	$1,505	21.5%	0.5%
Toyota	$2,466		$2,679	$2,755	-8.0%	-10.5%
Volkswagen Group	$3,754		$4,407	$4,256	-14.8%	-11.8%
Industry	$3,839		$4,151	$3,869	-7.5%	-0.8%

Incentives as a Percentage of Average Transaction Price (ATP)

Manufacturer		Jan 2021 Forecast	Jan 2020 Actual	Dec 2020 Actual	YOY	MOM
BMW	8.0%		10.2%	8.8%	-21.3%	-8.5%
Daimler	6.8%		10.3%	7.3%	-34.1%	-6.8%
Ford	9.0%		11.6%	10.1%	-22.2%	-10.5%
GM	13.2%		14.4%	11.4%	-7.8%	16.4%
Honda	9.3%		8.6%	7.9%	8.0%	17.4%
Hyundai	7.3%		10.9%	8.3%	-33.2%	-12.3%
Kia	9.2%		14.4%	10.7%	-35.7%	-13.3%
Nissan	13.5%		16.5%	15.3%	-18.1%	-11.7%
Stellantis	12.3%		12.4%	10.8%	-0.5%	13.9%
Subaru	4.9%		4.1%	4.9%	19.4%	1.2%
Toyota	7.0%		8.0%	7.8%	-12.2%	-9.7%
Volkswagen Group	8.7%		10.8%	9.9%	-19.3%	-12.0%
Industry	10.3%		11.6%	9.9%	-11.2%	3.9%

(Note: This forecast is based solely on TrueCar, Inc.’s analysis of industry sales trends and conditions and is not a projection of TrueCar, Inc.’s operations.)

About TrueCar
TrueCar is a leading automotive digital marketplace that enables car buyers to connect to our nationwide network of Certified Dealers. We are building the industry’s most personalized and efficient car buying experience as we seek to bring more of the purchasing process online. Consumers who visit our marketplace will find a suite of vehicle discovery tools, price ratings, and market context on new and used cars – all with a clear view of what’s a great deal. When they are ready, TrueCar will enable them to connect with a local Certified Dealer who shares in our belief that truth, transparency, and fairness are the foundation of a great car buying experience. As part of our marketplace, TrueCar powers car-buying programs for over 250 leading brands, including AARP, Sam’s Club, and American Express. Nearly half of all new-car buyers engage with TrueCar powered sites, where they buy smarter and drive happier. TrueCar is headquartered in Santa Monica, California, with offices in Austin, Texas, and Boston, Massachusetts.

For more information, please visit www.truecar.com, and follow us on Facebook or Twitter. TrueCar media line: +1-844-469-8442 (US toll-free) | Email: pr@truecar.com

TrueCar PR Contacts:
Shadee Malekafzali
shadee@truecar.com
424.258.8694

Tanya Kohan
tkohan@truecar.com
714.425.6319

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SOURCE Truecar, Inc.

Toyota Research Institute Launches Next Phase of Collaborative Research With Diverse Roster of World-Class Academic Institutions

LOS ALTOS, Calif., Jan. 26, 2021 /PRNewswire/ — The Toyota Research Institute (TRI) announced today that it has selected 13 additional academic institutions to participate in the next five-year phase of its collaborative research program. These universities join MIT, Stanford and the University of Michigan which have worked with TRI over the last five years to expand the body of research into artificial intelligence…

The next five-year phase includes investing more than $75 million in the academic institutions, making it one of the largest collaborative research programs by an automotive company in the world.

«Our first five-year program pushed the boundaries of exploratory research across multiple fields, generating 69 patent applications and nearly 650 papers,» said Eric Krotkov, TRI Chief Science Officer who leads the university research program. «Our next five years are about pushing even further and doing so with a broader, more diverse set of stakeholders. To get to the best ideas, collaboration is critical. Our aim is to build a pipeline of new ideas from different perspectives and underrepresented voices that share our vision of using AI for human amplification and societal good.»

The following universities completed a comprehensive proposal submission and review process and will participate in the next phase of TRI’s collaborative research program:

Carnegie Mellon University
Columbia University
Florida A&M University–Florida State University College of Engineering
Georgia Institute of Technology (Georgia Tech)
Indiana University
Massachusetts Institute Technology (MIT)
Princeton University
Smith College
Stanford University
Toyota Technological Institute at Chicago (TTIC)
University of California, Berkeley
University of Illinois
University of Michigan
University of Minnesota
University of Pennsylvania
UCLA

Through this program, TRI will lead 35 joint research projects focused on achieving breakthroughs around difficult technological challenges in TRI’s research areas: Automated Driving, Robotics and Machine Assisted Cognition (MAC).

The primary objectives of the joint research projects are to:

Contribute significant new knowledge and understanding to the artificial intelligence field.
Demonstrate the potential to radically advance state of the art concepts into possible use cases.
Promote the transfer of knowledge through the meaningful exchange of scientific and technical information between TRI researchers and academic partners.
Create and share infrastructure, including data and software, to further research, promote reproducibility and support education.

The first phase of the program, conducted over the last five years, sponsored 98 projects involving about 100 faculty members and over 200 students. These projects yielded important technology advances for ongoing TRI projects, including transfer learning in computer vision, self-supervised learning on contact-rich tasks, and techniques for mimicking human behavior in various driving interactions. The projects generated several awards for published papers at leading conferences including the CVPR 2018 Best Paper, an ICRA 2019 Finalist Best Paper, the ICRA 2019 Best Paper, and the 2020 IEEE Robotics and Automation Letters Best Paper Award. Additionally, the close collaborations resulted in the recruitment of several new TRI team members.

This next five-year phase focuses investments in projects TRI researchers have a keen academic interest in exploring to create more value and impact for TRI. Each project features a TRI researcher as a co-investigator who will work with the university partner. This approach directly engages TRI researchers with the academic AI partners and ensures that the research contributes to the TRI mission.

TRI is also offering Young Faculty Researcher (YFR) projects to form partnerships with more junior (typically pre-tenure) faculty members. Whereas joint projects have TRI pursuing a specific direction and reaching technical milestones along the way, the YFR projects are specifically designed to support promising tenure stream faculty members, enabling them to explore broadly, inquire deeply, and address higher-risk, higher-payoff ideas. In YFR projects, TRI invests in the researcher and provides them with the freedom and flexibility to pivot from one direction to another.

About Toyota Research Institute
Toyota Research Institute (TRI), established in 2015, aims to develop active vehicle safety and automated driving technologies, robotics, and other human amplification technology. Led by Dr. Gill Pratt, TRI’s researchers use artificial intelligence to benefit society and improve the human condition by creating a future where everyone has the freedom to move, engage, and explore. TRI is based in the United States, with offices in Los Altos, California, Cambridge, Massachusetts, and Ann Arbor, Michigan. For more information about TRI, please visit http://tri.global.

Media Contacts

Stephen Hughes
Communications Mgr
Toyota Research Institute
Stephen.Hughes@tri.global
650-422-8947

Wendy Rosen
Communications Dir.
Toyota Research Institute
Wendy.Rosen@tri.global
650-284-6429

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SOURCE Toyota Research Institute

VinSolutions Introduces Its Automotive Marketing Platform to Help Dealers Take Charge of Their Campaigns

MISSION, Kan., Jan. 26, 2021 /PRNewswire/ — Dealers share a common goal to engage customers and maximize profits but doing so efficiently while minimizing marketing spend can prove challenging. With the new Automotive Marketing Platform powered by VinSolutions, dealers can elevate their marketing without increasing their workload. Automotive Marketing Platform is a marketing tool that integrates with the CRM providing an end-to-end view across marketing and sales. This enables dealers to leverage data insights and automate workflows to deliver personalized experiences across the ownership lifecycle. Ultimately, Automotive Marketing Platform is the complete package for driving consumer engagement and helping to maximize ROI.

«Until now, dealerships had to manage campaigns across different departments, vendors and marketing channels, which inevitably created inconsistencies, depleted resources and compressed ROI,» said Tracy Fred, vice president of operations for Cox Automotive brands VinSolutions, Xtime and Dealertrack DMS. «With centralization and automation, Automotive Marketing Platform addresses the reality that two-thirds of a salesperson’s time is typically spent on non-revenue-generating activities like managing different tools across departments and duplicate data entry.¹«

Automotive Marketing Platform helps protect dealership revenue with improved customer engagement, greater efficiency in marketing spend, increased marketing reach across departments, time-saving automation and centralization, and superior campaign performance. Key features include:

CRM Integration: Marketing activity is stored directly in the customer record in VinSolutions’ Connect dealership CRM instead of another tool, making it easier to guide personalized conversations, determine next steps and avoid duplicated efforts that frustrate customers and team members alike.
Automated Marketing Workflows: Marketing outreach is informed by data science and real customer behaviors, creating a series of «if, then» scenarios throughout the process that allows communication to be both automated and personalized.
Data Insights: Cox Automotive proprietary data identifies the types of customers who are most likely to be ready to buy based on their online behavior, maximizing sales opportunities, and proactively converting leads before they are even submitted.
Automated Offers Engine: With access to customer data from Kelley Blue Book and Autotrader, Automotive Marketing Platform sends customers personalized offers, matching them with current inventory and including personalized payment recommendations based on their equity position and applicable incentives data.
Marketing Account Manager: All campaigns built in Automotive Marketing Platform are backed by the support of a dedicated Marketing Account Manager, an automotive marketing specialist who guides and executes the dealership’s strategic marketing direction.
Dashboard/Reporting: A robust reporting dashboard enables dealerships to quickly understand the performance of campaigns and channels so impactful adjustments can be made effectively, helping to maximize ROI on marketing spend.
Marketing Channels: Recommendations and automated CRM tasks ensure customers are reached on the right channels, including email, phone calls, and Facebook/Instagram ads.

«One of the greatest strengths of Automotive Marketing Platform is being able to target customers with the right message, at the right time—at the right moment when the customer is most likely to act and create opportunities for our stores,» added Justin Harmon, Marketing Director, Eide Automotive Group.

The Automated Marketing Platform joins VinSolutions’ portfolio of products that leverage data science and artificial intelligence, including Connect Automotive Intelligence. In addition to providing salespeople with insights to better understand their customers, dealers will now be able to use Connect AI Buying Signals as a lead source with the new automated lead creation functionality. Connect AI and Automotive Marketing Platform can be purchased separately as well as integrate seamlessly to create even more powerful and accurate customer engagement.

To learn more about Automotive Marketing Platform powered by VinSolutions, visit www.vinsolutions.com.

About VinSolutions

As the provider of Connect CRM, Connect Automotive Intelligence, and the supporting suite of Connect solutions, VinSolutions helps more than 6,000 dealers make every connection count. VinSolutions’ industry-leading tools—including customizable customer relationship management, artificial intelligence, and desking—help dealerships drive more leads, increase profits, and accelerate the path to purchase. Founded in 2006 and headquartered in Mission, Kansas, VinSolutions fosters dealership success by providing a fully customizable suite of solutions, including equity mining, market pricing and desking tools, combined with the continuous, personal support of a designated Performance Manager. VinSolutions is OEM certified by every major manufacturer and is Autosoft, CDK, Reynolds & Reynolds and Dealertrack DMS certified. www.vinsolutions.com

About Cox Automotive

Cox Automotive Inc. makes buying, selling, owning and using vehicles easier for everyone. The global company’s more than 27,000 team members and family of brands, including Autotrader^®, Clutch Technologies, Dealer.com^®, Dealertrack^®, Kelley Blue Book^®, Manheim^®, NextGear Capital^®, VinSolutions^®, vAuto^® and Xtime^®, are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five continents and many others throughout the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with annual revenues of nearly $20 billion. www.coxautoinc.com

¹ «Why Sales Reps Spend Less Than 36% of Time Selling (And Less Than 18% In CRM).» Krogue, Ken. Jan. 10, 2018

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SOURCE VinSolutions

Giant Recreation World Grants Camping Wishes to Florida Make-A-Wish Children

WINTER GARDEN, Fla., Jan. 26, 2021 /PRNewswire/ — Giant Recreation World, a Family Owned and operated RV Dealership, with three Central Florida Super stores has partnered with Make-A-Wish Central and Northern Florida foundation to grant the wishes of multiple Make-A-Wish children. The first wish will be granted January 2021 and will be followed by multiple other Wishes throughout the year.

Make-A-Wish Central and <span…

Make-A-Wish Central and Northern Florida reached out to Giant Recreation World with the need for multiple Camper Wishes. It was a refreshing feeling to see how much camping was an interest of these Make-A-Wish children. Their love and aspirations for camping aligns with Giant Recreation World’s CEO Larry McNamara, whom also from a young age fell in love with the outdoors and the RV lifestyle. These aligned feelings in combination with the belief in the Make-A-Wish mission made it an easy decision to commit to grant multiple Wishes.

Giant Recreation World’s CEO Larry McNamara is no stranger to the Make-A-Wish foundation. Giant Recreation World has granted wishes for Make-A-Wish children in the past. «It is an honor to continue our involvement with such a great foundation like Make-A-Wish,» said CEO Larry McNamara. «We were very happy to see the number of children that shared my same love for the outdoors and RV lifestyle,» added McNamara. Aside from his involvement in community outreach efforts like Make-A-Wish, Larry McNamara has also been a devote advocate for other causes close to his heart. «It brings great joy to me being involved in such a meaningful program and I have our Partners at Forest River to thank for making this partnership possible,» said Larry McNamara.

About Make-A-Wish® Central and Northern Florida:

Make-A-Wish Central and Northern Florida creates life-changing wishes for children with critical illnesses. We seek to bring every eligible child’s wish to life because every child deserves a childhood. Research shows children who have wishes granted can build the physical and emotional strength they need to fight their illness. This year marks the 40th anniversary of the wish that inspired the founding of the organization in 1980, paving the way for the creation of the Make-A-Wish Central and Northern Florida in 1994. Since our chapter’s founding, more than 6,100 wishes have been granted for children in the local community. Together with generous donors, supporters, staff and more than 34,000 volunteers, Make-A-Wish Central and Northern Florida and 59 other chapters throughout the U.S. have granted more than 330,000 wishes nationwide. For more information about Make-A-Wish Central and Northern Florida and the 40th anniversary, visit wish.org/cnfl.

About Giant Recreation World:

Giant Recreation World is Central Florida’s #1 RV dealer – Proudly serving Florida’s RV community since 1976. Giant Recreation World combines the personal service that can only be given by a family-owned and operated dealership with the experience and staying power of having served over 40,000 happy customers. Our customer’s satisfaction is our number one priority. We go the extra mile to make sure that you have the most enjoyable and stress-free experience when purchasing – AND OWNING – your RV.

Media Contact:
Kristina Shrider
407-656-6444
289948@email4pr.com

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SOURCE Giant Recreation World

Outlook on the Automotive Cloud Global Market to 2025 – Focus on Automotive Cloud Applications, Product Types, Market Competition, Emerging Opportunities, and Country Assessment

DUBLIN, Jan. 26, 2021 /PRNewswire/ — The «Automotive Cloud Market -…

DUBLIN, Jan. 26, 2021 /PRNewswire/ — The «Automotive Cloud Market – A Global and Regional Analysis: Focus on Automotive Cloud Applications, Product Types, Market Competition, Emerging Opportunities, and Country Assessment – Analysis and Forecast, 2020-2025» report has been added to ResearchAndMarkets.com’s offering.

The global automotive cloud market research provides a detailed perspective on the different types of products, their applications, and value estimation, among others. The principal purpose of this market analysis is to examine the automotive cloud market in terms of factors driving the markets, restraints, trends, and opportunities, among others.

The report further considers the market dynamics, supply chain analysis, and the detailed product contribution of the key players operating in the market. The global automotive cloud market report is a compilation of different segments, including market breakdown by product type, application, deployment type, vehicle type, region, and country.

The global automotive cloud market, based on application, has been segmented into infotainment, V2X, and telematics. The infotainment segment is expected to maintain its dominance during the forecast period in the global automotive cloud market.

The global automotive cloud market, by vehicle, has been segmented into passenger vehicles and commercial vehicles. The passenger vehicles segment dominated the global automotive cloud market in 2019 in terms of value and is expected to maintain its dominance through the forecast period.

Based on the region, the global automotive cloud market has been segmented into Asia-Pacific and Japan, Europe, the U.K., China, North America, Rest-of-the-World. Each region is segmented into countries. Data for each of these regions and countries is provided by product type and application.

Market Report Coverage – Automotive Cloud

Market Segmentation

Application Type – Infotainment, V2X, Telematics
Vehicle Type – Passenger Vehicles and Commercial Vehicles
Deployment – Private Cloud and Public Cloud

Regional Segmentation

North America – U.S., Canada, and Mexico
Europe – Germany, France, Spain, and Rest-of-Europe
Asia-Pacific and Japan (APJ) – Japan, South Korea, India, Rest-of-Asia-Pacific and Japan
U.K.
China
Rest-of-the-World

Key Companies Profiled

Harman International, Robert Bosch GmbH, Verizon Communications, Inc., Continental AG, Denso Corporation, Sierra Wireless, Tomtom International, Ericsson AB, Airbiquity, Blackberry Limited, Visteon Corporation, Telenav, Microsoft, Amazon Web Services, Inc. and LG Electronics

Key Questions Answered in this Report:

What are the underlying structures resulting in the emerging trends within the automotive cloud market?
How are cloud service manufacturers, automotive original equipment manufacturers (OEMs), regulatory bodies, and tier -1 manufacturers, among others, entering the market?
What is the role of governments regarding the changing landscape of the automotive cloud industry?
Which application of the automotive cloud market is expected to lead the market by 2025?
What was the market value of the leading regional markets, their segments, and sub-segments in 2019, and how is the market estimated to grow during the forecast period 2020 -2025?
How is the industry expected to evolve during the forecast period 2020 -2025?
What are the key developmental strategies that are implemented by the key players to sustain the competitive market?

Key Topics Covered:

1 Markets
1.1 Industry Outlook
1.1.1 Automotive Cloud: Overview
1.1.1.1 Timeline: Emergence and Evolution of Connected Vehicles
1.1.2 Supply Chain Network/MAP
1.1.3 Ecosystem/Ongoing Programs
1.1.3.1 Regulations and Regulatory Bodies
1.1.4 Trends: Industry Dynamics Defining the Future in Automotive Cloud Market
1.1.4.1 Connected and Autonomous Vehicle Industry Analysis
1.1.4.1.1 Introduction
1.1.4.1.2 By Region
1.1.4.1.2.1 North America
1.1.4.1.2.2 Europe
1.1.4.1.2.3 Asia-Pacific
1.1.4.1.2.4 Latin America
1.1.4.1.2.5 Middle East
1.1.4.1.3 Vehicle-to-Everything Communication
1.1.4.1.3.1 North America
1.1.4.1.3.2 Europe
1.1.4.1.3.3 China
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Number of Connected Vehicles
1.2.1.2 Growing Demand for IoT and 5G Communication for Vehicle Connectivity
1.2.1.3 Changing Consumer Preferences Toward Advanced Vehicle Applications
1.2.2 Business Challenges
1.2.2.1 Increasing Threats of Cyber Attacks
1.2.2.2 Legal Issues of HD Map
1.2.3 Business Strategies
1.2.3.1 Product Development
1.2.3.2 Market Development
1.2.4 Corporate Strategies
1.2.4.1 Partnerships and Collaborations
1.2.5 Business Opportunities
1.2.5.1 Integration of Blockchain in Cloud
1.2.5.2 Enhanced Demand for Ride-Sharing Services and Autonomous Vehicles
1.2.5.3 Transition from Semi-Autonomous Vehicles to Fully Autonomous Vehicles

2 Application
2.1 Global Automotive Cloud Market, Applications and Specifications
2.1.1 Infotainment
2.1.2 Vehicle-to-Everything (V2X)
2.1.3 Telematics
2.2 Demand Analysis for Automotive Cloud Market (by Application), Value Data
2.2.1 Infotainment
2.2.2 Vehicle-to-Everything Communication
2.2.3 Telematics

3 Products
3.1 Global Automotive Cloud Market, Products and Specifications
3.1.1 Automotive Cloud Market (by Deployment Type)
3.1.1.1 Private Cloud
3.1.1.2 Public Cloud
3.1.2 Automotive Cloud Market (by Vehicle Type)
3.1.2.1 Passenger Vehicles
3.1.2.2 Commercial Vehicles
3.2 Demand Analysis for Automotive Cloud Market (by Product), Value Data
3.2.1 Demand Analysis for Automotive Cloud Market (by Deployment Type), Value Data
3.2.1.1 Private Cloud
3.2.1.2 Public Cloud
3.2.2 Demand Analysis for Automotive Cloud Market (by Vehicle Type), Value Data
3.2.2.1 Passenger Vehicles
3.2.2.2 Commercial Vehicles

4 Region
4.1 North America
4.2 Europe
4.3 U.K.
4.4 China
4.5 Asia-Pacific and Japan (APJ)
4.6 Rest-of-the-World (RoW)

5 Markets – Competitive Benchmarking & Company Profiles
5.1 Competitive Benchmarking
5.2 Company Profiles
5.2.1 Harman International
5.2.1.1 Company Overview
5.2.1.2 Role of Harman International in Automotive Cloud Market
5.2.1.3 Product Portfolio
5.2.1.4 Patent Analysis
5.2.1.4.1 Product Developments
5.2.1.5 Corporate Strategies
5.2.1.5.1 Partnerships and Collaborations
5.2.1.6 Competitive Position
5.2.1.6.1 Strength of the Company
5.2.1.6.2 Weakness of the Company
5.2.2 Robert Bosch GmbH
5.2.3 Verizon Communications, Inc.
5.2.4 Continental AG
5.2.5 Denso Corporation
5.2.6 Sierra Wireless, Inc
5.2.7 TomTom International BV
5.2.8 Ericsson AB
5.2.9 Airbiquity Inc.
5.2.10 BlackBerry Limited
5.2.11 Visteon Corporation
5.2.12 Telenav, Inc.
5.2.13 Amazon Web Services, Inc.
5.2.14 Microsoft Corporation
5.2.15 LG Electronics

6 Research Methodology

For more information about this report visit https://www.researchandmarkets.com/r/yokzjk

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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SOURCE Research and Markets

Terrafugia Announces FAA Special Light-Sport Airworthiness Certificate

WOBURN, Mass., Jan. 26, 2021 /PRNewswire/ –Terrafugia, Inc. announced today that it has reached a significant milestone by obtaining an FAA Special Light-Sport Aircraft (LSA) airworthiness certificate for its Transition^® roadable aircraft.

As a unique integration of a two-seat aircraft and an automobile, the Transition^® is designed to meet safety standards from both the Federal Aviation Administration (FAA) and the National Highway and Traffic Safety Administration…

The vehicle that received the certificate is legal for flight and represents the initial version of the Transition^® roadable aircraft. Terrafugia will produce and sell additional initial (flight-only) versions to interested parties and will evolve the driving portion of the Transition^® design, with the goal of being legal both in the sky and on local roads in 2022.

«We are excited to have reached our goal of an airworthiness certificate for the initial version,» said Kevin Colburn, Vice President and General Manager of Terrafugia. «During an extremely challenging pandemic year, our team remained focused, improved our quality system, completed the critical aspects of the design, built the vehicle, completed 80 days of flight testing, delivered 150 technical documents, and successfully passed the FAA audit. This is a major accomplishment that builds momentum in executing our mission to deliver the world’s first practical flying car.»

About the Transition^®

The initial version of the Transition^® provides pilots and flight schools with an aircraft featuring enhanced safety capabilities and the latest avionics. Powered by a 100-hp Rotax 912iS Sport fuel-injected engine with a 2,000 hr TBO, the vehicle has a flight speed of 100 mph and runs on either premium gasoline or 100LL airplane fuel. Standard features include a Dynon Skyview avionics package, an airframe parachute, four-wheel hydraulic disc brakes, a rigid carbon fiber safety cage, and folding wings to allow storage in a single-car garage.

About Terrafugia, Inc.

Terrafugia, Inc., a leader in the aviation and mobility revolution, is developing innovative transportation technologies. Terrafugia’s team of experienced engineers, designers, technicians, and business professionals combines aviation and automotive expertise to pursue the future of personal transportation.

Media Contact:
Fred Bedard
Manager, Business Development
508.733.4336
289903@email4pr.com
www.Terrafugia.com

View original content to download multimedia:http://www.prnewswire.com/news-releases/terrafugia-announces-faa-special-light-sport-airworthiness-certificate-301214444.html

SOURCE Terrafugia, Inc.

Lazydays RV Announces New Minnesota Dealership Location

TAMPA, Fla., Jan. 26, 2021 /PRNewswire/ — Lazydays, The RV Authority®, announces that it will open a second Minnesota dealership in Monticello, Minnesota. Concurrent with its decision to open the new dealership, Lazydays has signed a Real Estate Purchase Agreement for a 10.68 acre property with approximately 57,000 sq. ft. of indoor dealership space adjacent to Interstate 94 in Monticello, Minnesota. Lazydays plans to commence operations in Spring 2021.

«We are very excited to expand in Minnesota,» stated William P. Murnane, Lazydays Chairman and CEO. «Minnesota is a top 10 RV state and this will be our second sales center in Minnesota. The new dealership is ideally located northwest of Minneapolis between Minneapolis and St. Cloud, and will offer leading brands including Tiffin, Coachmen, Thor, Forest River, Vanleigh and Winnebago. In addition, the large indoor showroom at this dealership will offer customers a warm and welcoming environment to shop for an RV during the cold Minnesota winters. Our current sales center in Ramsey will be converted to a stand alone Airstream dealership with dedicated sales and service teams,» commented Murnane.

Lazydays currently operates eleven dealerships in Florida (2), Colorado (2), Arizona (2), Minnesota (1), Tennessee (2), and Indiana (2); and operates a dedicated Service Center location near Houston, Texas. In addition to a second Minnesota location, Lazydays recently announced its intent to acquire Sprad’s RV in Reno, Nevada.

ABOUT LAZYDAYS RV
As an iconic brand in the RV industry, Lazydays, The RV Authority, consistently provides the best RV sales, service, and ownership experience, which is why RVers and their families become Customers for Life. Lazydays continues to add locations at a rapid pace as it executes its geographic expansion strategy that includes both acquisitions and greenfields.

Since 1976, Lazydays RV has built a reputation for providing an outstanding customer experience with exceptional service excellence and unparalleled product expertise, along with being a preferred place to rest and recharge with other RVers. By offering the largest selection of RV brands from the nation’s leading manufacturers, state-of-the-art service facilities, and thousands of accessories and hard-to-find parts, Lazydays RV provides everything RVers need and want.

Lazydays Holdings, Inc. is a publicly listed company on the Nasdaq stock exchange under the ticker «LAZY.»

Forward–Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements describe Lazydays future plans, projections, strategies and expectations, including statements regarding Lazydays’ expectations for future operating results, its expectations regarding the impact of its acquisition of its recently acquired dealership in Phoenix, Arizona and Elkhart, Indiana, and Burns Harbor, Indiana; its planned acquisition in Reno, Nevada; and its greenfield start-ups near Houston, Texas and Nashville, Tennessee, and are based on assumptions and involve a number of risks and uncertainties, many of which are beyond the control of Lazydays. Actual results could differ materially from those projected due to various factors, including economic conditions generally, conditions in the credit markets and changes in interest rates, conditions in the capital markets, the global impact of the pandemic outbreak of coronavirus (COVID-19) and other factors described from time to time in Lazydays’ SEC reports and filings, which are available at www.sec.gov. Forward-looking statements contained in this news release speak only as of the date of this news release, and Lazydays undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances, unless otherwise required by law.

News Contact:
+1 (813) 204-4099
investors@lazydays.com

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SOURCE Lazydays RV

Ecotourism Market to Reach $333.8 Bn, Globally, by 2027 at 14.3% CAGR: Allied Market Research

Increase in travel and tourism to unique destinations and surge in focus on sustainability drive the global ecotourism market.

PORTLAND, Ore., Jan. 26, 2021 /PRNewswire/ — Allied Market Research published a report, titled,«Ecotourism Market by Traveler Type (Solo and Group), Age Group (Generation X, Generation Y and Generation Z), and Sales Channel (Travel Agents and…

Increase in travel and tourism to unique destinations and surge in focus on sustainability drive the global ecotourism market.

PORTLAND, Ore., Jan. 26, 2021 /PRNewswire/ — Allied Market Research published a report, titled,«Ecotourism Market by Traveler Type (Solo and Group), Age Group (Generation X, Generation Y and Generation Z), and Sales Channel (Travel Agents and Direct): Global Opportunity Analysis and Industry Forecast, 2021–2027.»According to the report, the global ecotourism industry generated $181.1 billion in 2019, and is projected to garner $333.8 billion by 2027, witnessing a CAGR of 14.3% from 2021 to 2027.

Drivers, restraints, and opportunities

Increase in travel and tourism to unique destinations, inclination toward exploration of wildlife, coral reefs, and pristine undisturbed natural areas, and surge in focus on sustainability drive the global ecotourism market. However, low availability of accommodation and limited availability of quality and hygienic restaurants at destinations hinder the market growth. On the other hand, public-private partnerships in the form of subsidizing air routes to remote tourist destinations, improvement of transport capabilities, and providing ease of access create new opportunities in the coming years.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6729

Covid-19 Scenario

Travel restrictions across the world hindered the exploration of new destinations, remote places, and sightseeing activities. The means ofpublic transportation such as buses, trains, and air were banned during the lockdown.

Many destinations and tourist spots were closed down by governments to avoid gathering of people and prevent the spread of the coronavirus.

Countries across the world have been building a more resilient tourism system during the post-Covid-19 pandemic period. Governments have been implementing structural transformation and offering financial stimulus for supporting the tourism sector.

The group segment to continue its leadership status throughout the forecast period

Based on traveler type, the group segment contributed to the highest market share, accounting for nearly four-fifths of the global ecotourism market in 2019, and will continue its leadershipstatus throughout the forecast period. This is due tosecurity concerns at new and unexplored destinations, low expenses while traveling in a group and shared interest and experiencesthat enable people tobonding together very quickly.However, the solo segment is expected to manifest the fastest CAGR of 15.9% from 2021 to 2027, owing tobenefits of being in charge of the whole travel schedule, possibility of gathering new experiences, prospects to meet new people, and gaining a sense of empowerment.

The generation Y segment to maintain its lead position during the forecast period

Based on age group, the generation Y segment accounted for the largest share in 2019, holding nearly three-fifths of the global ecotourism market, and is projected to maintain its lead position during the forecast period. This is due to preference toward spending on unique experiences rather than materialistic things and high environmental consciousness. However, the generation Z segment is expected to witness the highest CAGR of 15.6% from 2021 to 2027. This is attributed toimprovement of online channelsand digital marketing strategies to attract customers and unique, interactive, and social experiences sought by travelers.

North America to grow at the fastest CAGR

Based on region, North America is projected to witness the highest CAGR of 16.2% during the forecast period, owing tolarge number of environment-conscious travelers and rapid adoption of digital media to search and travel to new destinations. However, Asia-Pacific held the largest share in terms of revenue in 2019, accounting for nearly two-fifths of the global ecotourism market, and will maintain its dominance in terms of revenue by 2027. This is attributed topresence of large number of millennial travelers supported by increased disposable income and expansion of infrastructure.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6729

Leading market players

Travel Leaders Group, LLC

Aracari Travel

FROSCH International Travel, Inc.

Undiscovered Mountains Ltd.

Adventure Alternative

Intrepid Group Limited

Rickshaw Travel Group

G Adventures

Steppes discovery

Small World Journeys Pty. Ltd.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:

Agritourism Market: Global Opportunity Analysis and Industry Forecast, 2021–2027

Leisure Travel Market: Global Opportunity Analysis and Industry Forecast, 2021-2027

Culinary Tourism Market: Global Opportunity Analysis and Industry Forecast, 2019-2026

Adventure Tourism Market: Global Opportunity Analysis and Industry Forecast, 2019-2026

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of «Market Research Reports» and «Business Intelligence Solutions.» AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
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Autor venredPublicado el 26 enero, 2021Categorías Marco carvajal

Ecotourism Market to Reach $333.8 Bn, Globally, by 2027 at 14.3% CAGR: Allied Market Research

PORTLAND, Ore., Jan. 26, 2021 /PRNewswire/ — Allied Market Research published a report, titled,«Ecotourism Market by Traveler Type (Solo and Group), Age Group (Generation X, Generation Y and Generation Z), and Sales Channel (Travel Agents and Direct): Global Opportunity Analysis and Industry Forecast, 2021–2027.»According to the report, the global ecotourism industry generated…

PORTLAND, Ore., Jan. 26, 2021 /PRNewswire/ — Allied Market Research published a report, titled,«Ecotourism Market by Traveler Type (Solo and Group), Age Group (Generation X, Generation Y and Generation Z), and Sales Channel (Travel Agents and Direct): Global Opportunity Analysis and Industry Forecast, 2021–2027.»According to the report, the global ecotourism industry generated $181.1 billion in 2019, and is projected to garner $333.8 billion by 2027, witnessing a CAGR of 14.3% from 2021 to 2027.

Drivers, restraints, and opportunities

Increase in travel and tourism to unique destinations, inclination toward exploration of wildlife, coral reefs, and pristine undisturbed natural areas, and surge in focus on sustainability drive the global ecotourism market. However, low availability of accommodation and limited availability of quality and hygienic restaurants at destinations hinder the market growth. On the other hand, public-private partnerships in the form of subsidizing air routes to remote tourist destinations, improvement of transport capabilities, and providing ease of access create new opportunities in the coming years.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6729

Covid-19 Scenario

Travel restrictions across the world hindered the exploration of new destinations, remote places, and sightseeing activities. The means ofpublic transportation such as buses, trains, and air were banned during the lockdown.

Many destinations and tourist spots were closed down by governments to avoid gathering of people and prevent the spread of the coronavirus.

Countries across the world have been building a more resilient tourism system during the post-Covid-19 pandemic period. Governments have been implementing structural transformation and offering financial stimulus for supporting the tourism sector.

The group segment to continue its leadership status throughout the forecast period

Based on traveler type, the group segment contributed to the highest market share, accounting for nearly four-fifths of the global ecotourism market in 2019, and will continue its leadershipstatus throughout the forecast period. This is due tosecurity concerns at new and unexplored destinations, low expenses while traveling in a group and shared interest and experiencesthat enable people tobonding together very quickly.However, the solo segment is expected to manifest the fastest CAGR of 15.9% from 2021 to 2027, owing tobenefits of being in charge of the whole travel schedule, possibility of gathering new experiences, prospects to meet new people, and gaining a sense of empowerment.

The generation Y segment to maintain its lead position during the forecast period

Based on age group, the generation Y segment accounted for the largest share in 2019, holding nearly three-fifths of the global ecotourism market, and is projected to maintain its lead position during the forecast period. This is due to preference toward spending on unique experiences rather than materialistic things and high environmental consciousness. However, the generation Z segment is expected to witness the highest CAGR of 15.6% from 2021 to 2027. This is attributed toimprovement of online channelsand digital marketing strategies to attract customers and unique, interactive, and social experiences sought by travelers.

North America to grow at the fastest CAGR

Based on region, North America is projected to witness the highest CAGR of 16.2% during the forecast period, owing tolarge number of environment-conscious travelers and rapid adoption of digital media to search and travel to new destinations. However, Asia-Pacific held the largest share in terms of revenue in 2019, accounting for nearly two-fifths of the global ecotourism market, and will maintain its dominance in terms of revenue by 2027. This is attributed topresence of large number of millennial travelers supported by increased disposable income and expansion of infrastructure.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6729

Leading market players

Travel Leaders Group, LLC

Aracari Travel

FROSCH International Travel, Inc.

Undiscovered Mountains Ltd.

Adventure Alternative

Intrepid Group Limited

Rickshaw Travel Group

G Adventures

Steppes discovery

Small World Journeys Pty. Ltd.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:

Agritourism Market: Global Opportunity Analysis and Industry Forecast, 2021–2027

Leisure Travel Market: Global Opportunity Analysis and Industry Forecast, 2021-2027

Culinary Tourism Market: Global Opportunity Analysis and Industry Forecast, 2019-2026

Adventure Tourism Market: Global Opportunity Analysis and Industry Forecast, 2019-2026

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of «Market Research Reports» and «Business Intelligence Solutions.» AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

View original content:http://www.prnewswire.com/news-releases/ecotourism-market-to-reach-333-8-bn-globally-by-2027-at-14-3-cagr-allied-market-research-301214742.html

SOURCE Allied Market Research

Autor venredPublicado el 26 enero, 2021Categorías Marco carvajal

Holiday Shores Motel Restoration Adds Modern Flair to Mid-Century Getaway

MYRTLE BEACH, S.C., Jan. 26, 2021 /PRNewswire/ — A historical slice of Myrtle Beach’s hospitality heyday is shining again following the New Year’s Eve reopening of the Holiday Shores drive-in motel at 7501 Ocean Blvd.

…

MYRTLE BEACH, S.C., Jan. 26, 2021 /PRNewswire/ — A historical slice of Myrtle Beach’s hospitality heyday is shining again following the New Year’s Eve reopening of the Holiday Shores drive-in motel at 7501 Ocean Blvd.

The utilization of State and Federal historic preservation incentives will change our city for generations to come

Built in 1965, Holiday Shores is one of 120 motels constructed along the Myrtle Beach Grand Strand in the 1960s. Designed in the «Populuxe» style, a blend between populism and luxury that evolved after World War II, the building reflects a period of America’s burgeoning middle class and its desire to travel and explore. These small, family-run properties typically included a nod to the exotic, incorporating Polynesian themes, bright signage, and pops of color to draw motorists’ attention.

With the property in need of repair, GBX Group LLC, a historic preservation real estate firm headquartered in Cleveland, Ohio, completed the initial investment that led to the rehabilitation with developers Robert Lewis, Chris Rogers, Tom Prioreschi, and Will Brennan. Tim Mclendon of Columbia, S.C., oversaw the design. This historic rehabilitation of Holiday Shores conformed with the National Park Service’s historic preservation standards.

The motel originally featured a modest 22 guestrooms and a detached owner’s suite (Graham House). Interior renovations include transforming the Graham House into three additional guestrooms, new fixtures and finishes throughout the property and a new lobby. Exterior upgrades restore the motel to its mid-century glamour.

«I fell in love with this hotel at first sight and knew I wanted to stay true to the period as much as possible, yet give it a facelift at the same time,» said Mclendon. «I chose exterior colors that would make it vibrant and pop. Most of the furnishings are mid-century-inspired and the feel of one who has traveled globally on holiday…thus, Holiday Shores was reborn and revitalized!»

Holiday Shores, now rebranded as part of the Choice Ascend Collection, joins its sister property, Waikiki Village, an earlier restoration project by primarily the same ownership/development/design team, as two of only a handful of remaining drive-in motels left in the area.

Robert Lewis, who grew up in nearby Conway, SC commented, «We’re proud to support the restoration of both motel properties. Not only do they offer meaningful cultural value to the area, but both projects contributed to community rebuilding, job creation and economic growth, all of which are catalysts for add-on development and long-term vitality.»

Brenda Bethune, Mayor of Myrtle Beach, added, «The Holiday Shores project is yet another example of the revitalization of Myrtle Beach. The utilization of State and Federal historic preservation incentives to bring new life to our mid-century buildings will change the landscape of our city for generations to come.»

Holiday Shores and Waikiki Village motels are managed by Coakley & Williams (CW) Hotel Management Company of Linthicum Heights, Maryland, the preeminent provider of comprehensive hotel management services with a property portfolio that represents great hotel brands such as Hilton, IHG, Best Western, Choice and Wyndham, as well as, independent boutique hotels, in many of the nation’s highest-performing hotel markets.

«We are thrilled to have been selected as the management company for these incredible projects and partners with this development group. Having managed successful hotels in the Myrtle Beach market in the past, we are committed to maximizing the revenue opportunities at both properties and have a proven track record,» said Mark Williams, CEO of Coakley & Williams. Williams continued, «In an effort to immediately increase exposure and join a leading reservation property management system, we franchised the property with Choice Hotels, one of the largest hotel chains in the world, making it part of their exclusive Ascend Collection.»

Choice Hotels Commitment to Clean, Health & Safety First

Holiday Shores Myrtle Beach, Ascend Hotel Collection by Choice Hotels, is committed to the health and safety of all guests and team members. The hotel is strictly adhering to specific guidelines to meet the ongoing challenges presented by COVID-19. Among them, the hotel is following the American Hotel & Lodging Association’s (AHLA) «Safe Stay» guidelines, which are grounded in guidance from the U.S. Centers for Disease Control & Prevention (CDC).

Further, the hotel’s 360-degree approach across all departments will adhere to requirements set by Choice Hotels’ global Commitment to Clean initiative which builds on Choice Hotels’ long-standing cleanliness protocols and enhances the existing program with guidance developed in response to the pandemic, including recommendations related to deep cleaning, disinfecting, hygiene, and social distancing.

When staying at the Holiday Shores, Ascend Hotel Collection, guests can expect a growing variety of new and improved cleanliness protocols, products and communications, including:

Heightened cleaning protocols for high-traffic areas such as the front desk, fitness centers and pools, as well as other high-touch surfaces throughout the hotel, using hospital-grade disinfectant approved by the U.S. Environmental Protection Agency to combat the spread of COVID-19.

Furniture arrangements designed to encourage appropriate social distancing in accordance with CDC guidelines.

Changes in breakfast offerings, with many hotels that provide breakfast replacing their buffet with pre-packaged breakfast items.

For more information or to reserve a stay, visit Holiday Shores, Ascend Hotel Collection by Choice Hotels at www.choicehotels.com/sc652 or call 843-839-8005. Be sure to follow us at https://m.facebook.com/holidayshores/.

About GBX Group LLC
GBX Group LLC specializes in preserving and operating historic real estate in urban markets. GBX partners with property owners, developers, and local preservation organizations to acquire, redevelop, and preserve historic real estate, generating community revitalization and economic growth. Since its founding in 2001, GBX has completed over 135 projects in 21 states. For more about GBX, visit gbxgroup.com/.

About Coakley & Williams
Coakley & Williams is the preeminent provider of comprehensive hotel management services with a property portfolio that represents great hotel brands such as Hilton, IHG, Choice and Wyndham, as well as, independent boutique hotels, in many of the nation’s highest-performing hotel markets. Currently, Coakley & Williams manages over 3,000 rooms with 31 hotels in 10 states and the District of Columbia. These destinations include but are not limited to hotels near the historic Nation’s Capital, the sun filled coastal towns of Myrtle and Daytona Beach, and the theme park filled cities in Central Florida. Spanning almost five decades, our hotel management group has garnered a well-earned reputation for maximizing hotel assets through unmatched expertise with quality assurance, targeted marketing and progressive hotel administration systems. For more information contact Mike Lebby, Director of Development at mlebby@cwhotels.com.

About Choice Hotels
Choice Hotels International, Inc., a hospitality franchisor based in Rockville, Maryland, is one of the largest hotel chains in the world, owning several brands ranging from upscale to economy hotels representing 7,118 properties in 41 countries and territories worldwide, with approximately 597,018 rooms, in addition to 1,035 hotels under construction with 85,129 rooms.

Contact: Philip Winton, VP of Strategic Messaging, (216) 912-9705, pwinton@gbxgroup.com

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SOURCE GBX Group LLC

Autor venredPublicado el 26 enero, 2021Categorías Marco carvajal

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