Pathfinder Forecasts Winter Occupancy to Exceed 50%
VANCOUVER, B.C., November 2, 2022 – Pathfinder Ventures Inc. (TSXV: RV) (OTCQB: RVRVF) (the “Company,” “RV” or “Pathfinder.”) is pleased to report a 47% booked occupancy rate for Q4 2022 and Q1 2023 combined, with the expectation of achieving 50%. The 47% booked occupancy also represents a 9% YoY increase for the Company’s Pathfinder Camp Resorts brand.
The 47% occupancy is a result of a successful Winter Stay Program. Snowbirds from across the country are choosing Pathfinder Camp Resorts to spend their winter. 96% of the Winter Stay Program sites are reserved to date. Pathfinder continues to explore ways to expand its Winter Stay capacity in the future seasons.
“We’re really encouraged with these figures as we continue to see growth at all our resorts in what used to be called the ’off-season’,” says Pathfinder CEO Joe Bleackley. “The desire for winter camping is increasing every year, and we’re well-positioned to be a leading provider of winter RV camping in British Columbia.”
Despite the US-Canada border opening in the 2022 calendar year for RV customers, Pathfinder Camp Resorts is reporting strong winter camping demand.
Fort Langley Location currently at 98% occupancy for Winter Camping
The company’s Fort Langley location has almost reached its maximum Winter Stay occupancy. The Winter Stay program includes 101 full-service RV sites for seasonal RV owners to enjoy. The program runs October 14th to April 12th. The remainder of the camp resort’s full-service sites are available for nightly rental for those guests looking to experience shorter stays during the mild winter camping season in British Columbia.
Agassiz Location reports 34% YoY growth in the Winter Camping Forecast
Through 31 days into Q4, the Company’s Agassiz-Harrison Pathfinder Camp Resort has experienced a 34% YoY increase in its occupancy. This increase accounts for occupied site nights during October along with booked site nights throughout the remainder of 2022/2023 winter.
About the Winter Stay RV Program
The Winter Stay program begins mid October when RV guests arrive after Canadian Thanksgiving. Guests stay with Pathfinder Camp Resorts until the middle of April. The program ensures all the Company’s camp resort locations are being maximized through the winter months, while a select number of sites remain open for night-to-night reservations. “Our guest programs and events are what truly set us apart from other camp resorts,” says Stan Duckworth, Pathfinder’s COO. “We’re excited to bring back these programs and events our winter guests enjoyed prior to COVID.” The Company expects its Q3 financial results to be released on November 28th.
About Pathfinder Ventures
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.
To learn more about Pathfinder Camp Resorts, click the link below:
On behalf of the board of directors of the Corporation:
Chief Executive Officer, Founder and Director
Pathfinder Ventures Inc.
Investor Relations Contact:
Simone Capital Corp.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Forward-Looking Information Cautionary Statement
This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation’s expectations include risks detailed from time to time in the filings made by the Corporation with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Corporation does not undertake any obligation to update publicly or to revise any forward-looking statements that are contained or incorporated in this press release.
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.