Oriens Travel & Hotel Management Corp. (OTHM) Initiates Prog Oriens Travel & Hotel Management Corp. (OTHM) Initiates Progressive Momentum, Secures First Revenues Ahead of Schedule
Oriens Travel & Hotel Management has begun renting its units at the Bahia Encantada in Costa Rica, taking advantage of ‘peak season’ vacationing and generating its first revenues ahead of the November schedule. The company says it launched the vacation rental initiative three weeks early to take advantage of the tourist season.
For immediate results and optimal booking, Oriens utilized seasoned rental agents to secure the condo/hotel bookings rather than pre-maturely re-launch the company’s FROL (Friendly Reservations Online) hospitality booking engine.
This enabled the company to take advantage of the most lucrative times for tourism at Jaco Beach and, as a result, company president and Chief Executive Officer Melvin Pereira said the company anticipates a steady stream of bookings over the next five months.
“Early on, I spoke about going after the low hanging fruit. When chasing down revenues to build shareholder value, for us, seasonal rentals fall into that category. Our plan is to keep all of our units occupied during the peak season to keep the cash flowing. These revenues will help to reduce capital requirements for operations. As we all know, for any micro-cap company, this means less toxic financing. These revenues will be directed toward unit maintenance, which include upgrades to the units fixed assets and décor,” Pereira stated in the news release.
Oriens obtained the beachfront Bahia Encantada condominium complex via recent merger with E-Network de Costa Rica SA (“E-Net”), and will soon operate under the brand name Pure Hospitality Solutions, Inc. [pending FINRA approval].
The company’s plan is to direct rental revenues to the continual upgrade of unit tangibles to enhance the overall PURE experience at Bahia Encantada and ultimately contribute to the value and quality of the brand, “by PURE.”
Pereira also noted expectations for continued revenue growth amid progressive momentum.
“We have accomplished our first order of business – to begin generating fourth-quarter earnings,” he stated. “Whether it is through sales or rentals, I am confident revenues will continue to grow.”
For more information, visit www.orienscorp.com
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