Lean Business Canvas Week 2

I will be creating an enterprise called Weekend Getaway Property & Management. We are hoping to open up two locations in Manitoba. It will offer an overnight service where you will have the chance to relax and explore the beauties and wonders of Manitoba. We are wanting two locations in Manitoba one in downtown Winnipeg where you can explore the city and visit amazing sites like the Forks. And one in Falcon Lake to take a break from the city and relax on the beach. Although we are wanting to target families, friends, or couples our properties can have a wide range of different customers that are looking for a place of relaxation or a vacation.

One of the problems our enterprise is looking to solve is offering a way for travelers to have a different experience than a hotel. With the rise of inflation, hotels are becoming less and less affordable for the younger generation, and families. Since the Covid- 19 pandemic, most hotels are charging $100 to $200 more per night. That being said, the hotels that are affordable are typically overbooked, so we are solving a cheap lodging problem. From 2017 to 2018 the number of trips taken where people used a rental property increased by over 74% in Canada. Since rental properties are becoming increasingly popular we believe that Weeknd Getaway property & management would succeed and help families and friends create new memories at an affordable price. Not only that, we will be donating 10% of the proceeds we receive from our bookings to the Acorn family place.

Acorn family place works to strengthen children and families on the challenging journey of living and growing which fits perfectly with our objective as an enterprise to provide experiences for family, and friends at an affordable price.

Overall, Weekend Getaway Property & Management wants to bring to the market affordable, safe, and reliable rental properties. We want families, friends, and couples to not feel limited by the price and overbookings within the hospitality industry. We also want to provide the Acorn family place a donation to support their work as we have a similar vision.

Citations:

https://www.thestar.com/business/2022/09/24/hotel-rates-surge-as-revenue-in-hospitality-sector-expected-to-bounce-back-to-pre-pandemic-levels-in-2023.html#:~:text=Right%20now%2C%20most%20hotels%20are,projected%20hotel%20revenue%20for%202023.

https://www.newswire.ca/news-releases/canadas-vacation-rental-market-gains-momentum-as-canadastays-reports-a-74-increase-in-trips-booked-in-2017-669513553.html#:~:text=The%20number%20of%20trips%20taken,rentals%20across%20Canada%20and%20internationally.&text=The%20value%20of%20the%20trips,over%20%2424M%20in%202017.