Pathfinder Reports Record Occupancy over Thanksgiving Weekend and Provides Comments on BC RV Industry
Pathfinder Ventures Inc. (TSXV: RV, OTCQB: RVRVF) reported a record 73% occupancy during the Thanksgiving weekend, marking an 18% increase from last year. Camp Resorts in Fort Langley and Agassiz-Harrison achieved high occupancy rates of 93% and 81% respectively. CEO Joe Bleackley noted a growing demand for outdoor recreation, with early and extended camping seasons. The company is also witnessing increased interest in its winter camping program, appealing to full-time RV users amidst rising housing costs and inflation.
- 73% occupancy during Thanksgiving weekend, up 18% YoY.
- Fort Langley and Agassiz-Harrison locations achieved 93% and 81% occupancy, respectively.
- Increased demand for winter camping programs.
- Positioning as a leading provider for RV customers.
- Full-time RV users in BC are facing inadequate infrastructure, leading to makeshift camping solutions.
VANCOUVER, BC, Oct. 13, 2022 /PRNewswire/ - Pathfinder Ventures Inc. (TSXV: RV) (OTCQB: RVRVF) (the "Company," "RV" or "Pathfinder.") is pleased to report
"The trend and demand for outdoor recreation are increasing as people seek outdoor activities and a connection to nature," said Joe Bleackley, CEO and Founder of Pathfinder Ventures and Pathfinder Camp Resorts. "The RV and Camping industry in British Columbia is showing strong growth according to our occupancy statistics and we are also experiencing an earlier start and extension to the traditional family camping season. Customers are camping earlier in the year and continue to camp later into the fall months."
Mr. Bleackley also stated, "Pathfinder's winter camping program, which allows for guests to stay seasonally over the winter, is also showing an increase in demand partially due to more people moving into RVs full time. Many RV owners are choosing an RV as a result of rising housing costs and inflation. Some full-time RV users in BC are being forced to boondock in grocery store parking lots, rest stops and makeshift RV pads on farms that do not have the proper zoning or infrastructure to support such RVs with proper electrical, sewer and power requirements. Pathfinder's Winter Stay program provides a safe and inclusive community for winter RV guests to stay seasonally, and we are positioning Pathfinder to be a leading accommodation provider to all RV customers. Pathfinder is looking into specific locations that would allow longer term RV guests."
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.
On behalf of the board of directors of the Corporation:
Joe Bleackley
Chief Executive Officer, Founder and Director
Pathfinder Ventures Inc.
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In the case of RV, this news release includes certain "forward-looking statements" which are particular to RV and are not comprised of historical facts. Forward-looking statements include estimates and statements that describe RV's future plans, objectives or goals, including words to the effect that RV or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to RV, RV provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, RV's objectives, goals or future plans, statements, its projected revenues and earnings, and anticipated future growth in new markets. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the ability of the RV to successfully implement its development strategy and whether this will yield the expected benefits; competitive factors in RV's industry sector; the success or failure of product development programs; currently existing applicable laws and regulations or future applicable laws and regulations that may affect RV' s business; decisions of regulatory authorities and the timing thereof; Covid-19 related risks, availability of properties; the economic circumstances surrounding RV's business, including general economic conditions in Canada, the US and worldwide; changes in exchange rates; changes in the equity market; inflation; uncertainties relating to the availability and costs of financing needed in the future; and those other risks disclosed in the filing statement or other disclosure document prepared and supplied on sedar. Although RV believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. RV disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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SOURCE Pathfinder Ventures Inc.
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