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News for January 28, 2023

Pathfinder Sees 17% YoY Occupancy Increase In Q3

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Pathfinder Ventures Inc. announced that it successfully closed its second Q3 season with a 71% occupancy from July 1 to September 30, achieving a 17% increase from the prior year’s occupancy of 54% across all parks.

The blended Q3 occupancy increase stated above included a 36% increase in the Agassiz-Harrison location and a 40% increase in the Parksville location, which started operating last year on May 22nd and July 17th, respectively. 

The Q3 financial results will be released on November 28, according to a press release.

Custom programming brings guests back

Pathfinder’s camp resorts continue to receive 5-star reviews, driven by the high quality of service and weekend programs. 

The company has recognized 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,” said 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.

Future growth opportunities

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.

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Hi, you might find this article from Modern Campground interesting: Pathfinder Sees 17% YoY Occupancy Increase In Q3! This is the link: https://moderncampground.com/usa/pathfinder-sees-17-yoy-occupancy-increase-in-q3/