Pathfinder Provides Market Outlook: Reservations up 36% despite rising fuel costs and inflation
VANCOUVER, B.C., June 28, 2022 – Pathfinder Ventures Inc. (TSXV: RV) (OTCQB: RVRVF) (the “Company,” “RV” or “Pathfinder.”) is pleased to provide an outlook on the RV & camping market as peak season approaches. Despite inflation & rising fuel costs, the Company reports a 36.3% increase in bookings compared to the same time last year.
From June 20th to September 4th, 2022, Pathfinder has secured reservations of 16,149 total site nights booked across all three camp resorts, which is an increase of 4,304 total site nights booked over the same time period in 2021. This represents a 36.3% increase in total site nights booked year-over-year.
Increased Fuel Prices Minimally Impacting Bookings
The Company has observed an increase in non-local customers from northern BC and Alberta choosing to stay close to home, largely due to the rising fuel costs. Pathfinder also is pleased to report that these reservations are quickly rebooked by guests from the Lower Mainland and Vancouver Island.
“We’d love to host guests from out of town and provide them with the unique Pathfinder Camp Resorts experience, but we understand the rising costs associated with driving,” says COO Stan Duckworth. “We are excited to host more local residents who have also made the decision to stay close to home, so they can enjoy their RV getaway at a premier spot, but without the high fuel bill.”
More Ways to Stay with New Hard Roofed Accommodations
The Company recently added new accommodation options at its Fort Langley and Parksville locations. The Fort Camping resort in Fort Langley now has an onsite RV rental option where guests can enjoy the RV experience without the cost of gas, insurance or towing an RV themselves. Pathfinder Parksville also announces it has a newly renovated vacation suite for guests without an RV.
Mr. Joe Bleackley, CEO, Founder and Director of Pathfinder, commented, “We’ve launched a pilot program with on-site RV rentals and hard roof vacation rentals. We’re testing the market and initial demand is strong and feedback is very positive. We’re also exploring opportunities and partnerships with RV rental companies and international tour operators to support the resurgence of European tourists wishing to explore British Columbia and Canada in an RV.”
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.
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.
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