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Camping World Announces Investment in Audio Entertainment App for Travelers

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Camping World Holdings (CWH) announced a strategic investment in HearHere, an audio app for travelers, enhancing its proprietary trip planning tool. This integration aims to provide real-time content, enriching the consumer experience as they travel. HearHere features over 10,000 stories that offer historical insights based on user locations. This move underscores Camping World's commitment to innovation and improvement in the RV and outdoor marketplace. CEO Marcus Lemonis highlighted the importance of partnerships for long-term growth in the outdoor lifestyle sector.

Positive
  • Investment in HearHere aims to enhance the travel experience for consumers.
  • Integration of HearHere into Camping World's trip planning tool could attract more users.
  • Expands Camping World's commitment to innovation in the RV industry.
Negative
  • None.

Camping World Holdings, Inc. (NYSE: CWH) (“Camping World” or the “Company”), America’s Recreation Dealer, today announced a technology platform investment in HearHere, the mobile audio entertainment app for travelers. The Company plans to integrate HearHere into the Company’s proprietary trip planning tool to provide consumers real-time content as they travel throughout the country. The proprietary trip planning tool is part of the acquisition announced earlier this week of campground booking engine, Nomad Reservations. This investment further expands the Company’s commitment to supporting entrepreneurship, innovation, and technology in the RV and outdoor marketplace.

HearHere is a subscription-based audio app that provides content and stories from a historical, natural and cultural perspective based on the consumer’s location to bring the landscape to life. The professional content narration, from a host of top voice talent, allows the consumer to explore the great outdoors, while gaining knowledge and awareness of the surrounding areas by engaging with the app. HearHere is currently working on expanding its content library to include more than 10,000 stories about places, people and events in the United States.

“We are investing in the development and enhancement of tools that engage and educate consumers about this great country,” said Marcus Lemonis, CEO and Chairman of Camping World Holdings. “We are focused on partnerships that will have a long-term impact on the growth and success of the RV and outdoor lifestyle.”

Camping World is always looking for seasoned and professional RV sales associates, technicians, and retail support to assist with locations across the country. Individuals interested in applying for a position may visit http://www.campingworldcareers.com/.

About Camping World Holdings, Inc.

Camping World Holdings, Inc., headquartered in Lincolnshire, IL, (together with its subsidiaries) is America’s largest retailer of RVs and related products and services. Our vision is to build a long-term legacy business that makes RVing fun and easy, and our Camping World and Good Sam brands have been serving RV consumers since 1966. We strive to build long-term value for our customers, employees, and shareholders by combining a unique and comprehensive assortment of RV products and services with a national network of RV dealerships, service centers and customer support centers along with the industry’s most extensive online presence and a highly-trained and knowledgeable team of associates serving our customers, the RV lifestyle, and the communities in which we operate. We also believe that our Good Sam organization and family of programs and services uniquely enables us to connect with our customers as stewards of the RV enthusiast community and the RV lifestyle. With over 175 locations in 38 states, Camping World, and sister company Gander RV & Outdoors, have grown to become prime destinations for everything RV. For more information, visit www.CampingWorld.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning Camping World and other matters. All statements other than statements of historical facts contained in this press release may be forward-looking statements. Statements about our business plans and goals, our investments and investment objectives, our long term growth and success, our expectations regarding market potential, demand for our products, capital allocation priorities, our growth strategy, new technology initiatives, our plans and our beliefs regarding our competitive position and prospects for the future, are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as ‘‘may,’’ ‘‘will,’’ ‘‘should,’’ ‘‘expects,’’ ‘‘plans,’’ ‘‘anticipates,’’ ‘‘could,’’ ‘‘intends,’’ ‘‘targets,’’ ‘‘projects,’’ ‘‘contemplates,’’ ‘‘believes,’’ ‘‘estimates,’’ ‘‘predicts,’’ ‘‘potential’’ or ‘‘continue’’ or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties that affect our business, including those described in our filings with the Securities and Exchange Commission (“SEC”), including under the caption “Risk Factors” in our Annual Report on Form 10-K filed for the year ended December 31, 2020 with the SEC on February 26, 2021. These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and filings with the SEC.

FAQ

What investment did Camping World Holdings (CWH) announce?

Camping World announced an investment in HearHere, a mobile audio entertainment app for travelers.

How will HearHere enhance Camping World's offerings?

HearHere will be integrated into Camping World's trip planning tool, providing real-time travel content.

What is the content focus of the HearHere app?

HearHere offers subscription-based audio stories that provide historical, natural, and cultural insights based on user locations.

Who commented on Camping World's investment in HearHere?

Marcus Lemonis, CEO and Chairman of Camping World Holdings, emphasized the significance of partnerships for long-term growth.

What is the potential impact of this investment on Camping World (CWH)?

The investment could enhance customer engagement and attract more users to Camping World's services.

Camping World Holdings, Inc.

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