Employees of Silicon Valley giant Hewlett-Packard (HP) are required to take a week’s vacation next week, so the Far Horizons 49er Village RV Resort in Plymouth, Calif., is offering deep discounts to HP employees, according to the San Jose Mercury News.
RV sites at Far Horizons, in the foothills of the Sierra Nevada Mountains, typically rent for $40 to $43 a night. But next week, they are available to HP employees for an amount equal to HP’s stock price as of Friday (June 28).
In early stock market trading today (June 26), HP stock was changing hands for between $14 and $14.50 a share.
Because of the Independence Day (July 4) holiday on Thursday of next week, all HP employees are required to take a week of vacation next week to help the struggling computer/printer firm save money.
And instead of seeing them moping about having to take their vacations at the same time, Far Horizons owner Chuck Hays decided to create a win-win situation for his company and HP workers by offering them the deep discounts.
Because many HP employees also have sizable investments in the company’s stock, they, no doubt, feel in need of a break. That is because HP stock traded, adjusted for splits, for around $25 a share a year ago and for around $65 a share almost two years ago.
Hays also said that he often has vacancies at his campground when July 4th falls in midweek because not everyone is able turn the holiday into a long weekend, according to the Mercury News.