Spring has sprung! Warmer days are here, interspersed with the occasional snow day. This spring feels especially renewing as we emerge from our year-long pandemic hibernation. The COVID-19 pandemic is not over, and we must still be vigilant, but the light at the end of the tunnel is getter brighter and brighter. I’m grateful for dedicated employees, volunteers, and members who have helped Wasatch Peaks continue with our mission of helping people during this difficult time.
With COVID vaccinations increasing, and restrictions loosening, people are ready to get back to their normal lives. In a recent survey, 79% of respondents are excited to get back to their regular routines and 73% are ready to take a vacation. 58% of respondents are looking forward to going out to the movies, 51% are ready to go on a date, and 46% are desperate to go to a live concert.
Needless to say, there is a lot of pent-up demand for our post-pandemic economy. This demand will be most noticeable in the travel and leisure industry. This segment of the economy was one of the hardest hit during the pandemic, with a 30% drop in U.S. spending in 2020. Despite the excitement and demand for travel, only about 29% of Americans are comfortable flying right now. As a result, many will take to the roads for their vacations this summer. The RV Industry Association recently published that they are witnessing as much as a 170% increase in first-time RV buyers, with around 46 million Americans planning on taking an RV trip within the next 12 months.
If you are planning a road trip or camping adventure this summer, we can help you get there. With ultra-competitive rates on auto and RV loans, Wasatch Peaks will help you hit the open road – just be sure to make your reservations early!
At Wasatch Peaks, we are optimistic about the future, ours and yours. Visit any of our six Weber County branches, call us at 800-331-7549, or visit us online at wasatchpeaks.com and let’s get you back out there!