Pathfinder Announces 17% YoY Increase in Occupancy in Q3
Pathfinder Ventures Inc. (RVRVF) has announced a successful close to its Q3 season, achieving a 71% occupancy rate from July 1 to September 30, representing a 17% year-over-year increase from 54%. Key contributors to this growth include a 36% increase in Agassiz-Harrison and a 40% increase in Parksville locations. The company plans to release its Q3 financial results on November 28.
Pathfinder continues to enhance guest experiences with new programs and anticipates growth in shoulder and winter occupancy.
- Achieved a 71% occupancy rate in Q3, a 17% increase from the previous year.
- Significant increases in specific locations: 36% in Agassiz-Harrison and 40% in Parksville.
- Plans to open a heated pool earlier in 2023, likely increasing shoulder season occupancy.
- Continued positive guest feedback with 5-star reviews and successful programming.
- None.
VANCOUVER, B.C, Oct. 4, 2022 /PRNewswire/ - Pathfinder Ventures Inc. (TSXV: RV) (OTCQB: RVRVF) (the "Company," "RV" or "Pathfinder.") is pleased to announce that it successfully closed its second Q3 season with a
The blended Q3 occupancy increase stated above included
Pathfinder's camp resorts continue to receive 5-star reviews, driven by the high quality of service and weekend programs. Pathfinder recognizes the opportunity to diversify its Pathfinder Camp Resorts with engaging, customized, and entertaining weekend programming for children and families.
"Our programs are what really set us apart from other resorts. Kids love our themed events, live music, and arts & crafts, while their parents can enjoy some peace back at their campsite or come join in the fun," says Stan Duckworth, COO. "These unique experiences keep our guests coming back year after year." The Company aims to build a strong returning customer base with the memorable brand it has begun to establish.
There is still room to grow the overall occupancies, especially in the shoulder and winter seasons. The Company is already seeing increased bookings in the winter seasonal stays this year. Pathfinder's Parksville location also announced an addition of a newly renovated suite and is reviewing plans to capitalize on the growing demands for hard roof accommodations on Vancouver Island.
Pathfinder's Agassiz location successfully opened its heated pool in time for the July long weekend, which led to an increase in bookings and some extended stays. The Company plans to open the pool, weather permitting, 6 weeks earlier in 2023 which will help with occupancy during the shoulder season.
Pathfinder Ventures is committed to growing its portfolio of Pathfinder Camp Resorts and revenues in the RV industry, regardless of the difficult economic conditions.
Pathfinder Ventures Inc. is developing a network of branded, upscale and family-friendly RV parks and campgrounds under the "Pathfinder Camp Resorts" name. Pathfinder currently has three camp resorts located in B.C. and is focused on growing its network through both acquisitions and development. Pathfinder is also seeking to acquire RV & Self Storage facilities to take advantage of the rapidly growing market of people who want to experience the great outdoors in an RV.
Joe Bleackley
Chief Executive Officer, Founder and Director
Pathfinder Ventures Inc.
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SOURCE Pathfinder Ventures Inc.
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