December 9th, 2022 | 11:26 CET
Pathfinder Ventures, TUI, PayPal - The travel industry is booming, and crypto is following suit
After two years off, the wait is over! The travel industry is booming, and so are the companies in this segment. Leading the way is Pathfinder Ventures, a Canadian company in the expandable niche of modern nature-recreation resorts for RV lovers and campers. Sales increased by a whopping 19% in Q3 2022 compared to the previous year. Hanover-based TUI AG is also testing other niches. The Company is known for luxury travel and cruises and is striving for new target groups in the low-budget segment. Together with easyJet Holidays, they are rolling out a digital experience platform for experiences at vacation destinations. To be fluid wherever they go, many use the PayPal payment service. The US company is now rolling out cryptocurrencies in Luxembourg. Read what exactly this means for investors here.
time to read: 5 minutes
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Author:
Juliane Zielonka
ISIN:
PATHFINDER VENTURES INC | CA70323P1071 , TUI AG NA O.N. | DE000TUAG000 , PAYPAL HDGS INC.DL-_0001 | US70450Y1038
Table of contents:
Author
Juliane Zielonka
Born in Bielefeld, she studied German, English and psychology. The emergence of the Internet in the early '90s led her from university to training in graphic design and marketing communications. After years of agency work in corporate branding, she switched to publishing and learned her editorial craft at Hubert Burda Media.
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Pathfinder Ventures: Record revenue in Q3 2022
People everywhere are breathing a sigh of relief: the Corona pandemic is shifting to an endemic situation. Even China is relaxing its strict Zero-COVID policy in light of the damaging effects of lockdowns on the economy and citizens.
Vacation travel was highly restricted or cancelled altogether until recently. It is no wonder the tourism industry is booming now. Many have an immense pent-up demand for relaxation, adventures and new experiences.
The Canadian company Pathfinder Ventures is profiting enormously from the global travel craze. Freely following the motto "The riches are in the niches", the young company has specialized in upgrading Canadian camping and RV sites in the most amazing places Canada has to offer. Whether snow-capped mountains or crystal clear lakes, couples, singles or the family want the beauty of nature combined with feel-good elements of modern living. This includes clean infrastructure, free WiFi, and comfortable modern furnished accommodation.
Pathfinder Ventures is reporting record revenues, increasing 19% to CAD 1,402,325 in Q3 2022 compared to Q3 2021. "Our record revenue and increasing occupancy in Q3 underscores the success of our compelling Pathfinder Camp Resorts brand and world-class portfolio of RV sites in Western Canada," explains Joe Bleackley, President and CEO. EBITDA increased by 7% to CAD 374,545 in Q3 2022 compared to Q3 2021, and net loss from operations decreased by 30% to -CAD 121,136 compared to Q3 2021.
Occupancy was 2,701 additional nights booked at Pathfinder Ventures Resorts, reaching 21,108 booked nights in Q3 2022, compared to 18,407 in the comparable period. Occupancy increased by 17% to 71% in Q3 2022 compared to Q3 2021. The concept for the next generation of nature lovers seems to be working.
TUI AG: Digital experience platform with easyJet Holidays
The desire for extraordinary experiences is not leaving TUI AG unscathed. Back in 2018, the travel group from Hanover acquired the Italian start-up Musement, a platform for exclusive travel experiences. The acquisition included 35,000 products for 1,100 cities worldwide. The portfolio ranges from tickets for museums, events and sightseeing to guided tours, boat trips and cycling excursions. And then came Corona. Now things are slowly looking up.
easyJet Holidays is the latest high-profile travel company to leverage TUI Musement's customizable digital platform solutions and carefully crafted global portfolio of excursions, activities and sightseeing tickets. Whether it is a tour of Paris in a vintage duck, a visit to the hot springs in Turkey's Pamukkale or an adult toy park in Amsterdam, there is no limit to the creativity.
At the same time, TUI AG is also testing new target group segments. While cruise and luxury package vacations previously catered to the upper-middle class clientele, the easyJet partner is targeting the young demographic who hop on a plane for a weekend getaway or short break. TUI's customer promise is focused on quality, reliability and safety.
"Our team is delighted to be working with easyJet Holidays, and I look forward to further developing our relationship in the coming months," said Nishank Gopalkrishnan, Chief Business Officer of TUI Musement, TUI Group's travel and activities business. "This partnership strengthens our position as the travel industry's preferred partner for tours and activities by leveraging our world-class digital distribution platform and expertise in health and safety, customer service and sourcing the best experiences." TUI AG is increasing its focus on expanding digital platforms. The group is transforming itself into a digital company and aims to cover all touchpoints in vacation planning and execution in order to discover and fill additional niches.
PayPal - After USA und UK: Cryptocurrencies now also for Luxembourg
After a successful launch in the US in 2020 and UK in 2021, Luxembourg is the third country on the PayPal Group's cryptocurrencies buying and selling map. Once available, eligible customers will be able to buy, sell and hold Bitcoin, Ethereum, Litecoin and Bitcoin Cash on their PayPal accounts via the website or mobile app.
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