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Canadian RV rental firm CanaDream Corp. is “extremely positive” about the upcoming peak rental season because its advance reservation revenue as of Monday (March 17) was 22% higher than it was a year earlier.
“Subject to the normal seasonality of the business, the outlook for the remainder of the year continues to be positive,” said Brian Gronberg, CanaDream’s president and CEO.
CanaDream, which relies largely upon tourists from overseas visiting Canada, earned $1.8 million (Canadian) during the nine months ended Jan. 31, an 83% increase over the same period a year earlier.
One Canadian dollar now is worth 67.5 cents in U.S. currency.
The company’s sales revenue also increased 14% in the nine months ended Jan. 31 to $11.6 million (Canadian).
The company anticipates selling 130 to 150 of the units in its rental fleet to its associate dealers prior to April 30, Gronberg said.
CanaDream operates six company-owned RV rental locations in six Canadian cities and has associate dealer franchises in Edmonton, Alberta; St. John’s, Newfoundland; and Victoria, British Columbia.