Business
PJET Expands Short-Term Rental Market With SHBO App For College Students
PJET Expands Short-Term Rental Market With SHBO App For College Students.
About this update from Priority Aviation, Inc.
[{"type":"text","content":"\n\n\n\nPJET Expands Short-Term Rental Market With SHBO App For College Students\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nPJET Expands Short-Term Rental Market With SHBO App For College Students\nPR Newswire\nDALLAS, Nov. 3, 2021\n\n\n\nDALLAS, Nov. 3, 2021 /PRNewswire/ -- Priority Aviation, Inc. (USOTC: PJET) (\"PJET\") today announced the company is on track to launch its Student Housing By Owner (SHBO) App next month in December.\n\n \n \n \n \n \n \n\n \nWith student housing is in short supply and only an estimated 22% of students living on campus, PJET anticipates its Student Housing App to resonate with the resource constrained student housing market.\nIn addition to introducing an App intended to be the Airbnb of student housing, the App is architected to optimize advertising to the university student demographic.\n21 million U.S. college students are estimated to have over $376 billion in spending power.  In 2020, students spent $39 billion on food alone.  Annual student spending on clothes and accessories is estimated at $67 billion.  Universities themselves spend approximately $1 billion annually advertising to the university student demographic.\nSee College Student Spending Habits For 2021 to learn more.\nPJET's Student Housing App design includes an artificial intelligence engine intended to optimize the App's value to businesses looking to attract the university student demographic.\nPJET is also building a brick and mortar component of its business. The company has reached terms to fund and build a student housing residential building in Texas that will support a small private university with an enrollment of approximately 1200 students.  This is the first such project planned to support smaller universities and complement the Student Housing App initiative.\nPJET redirected its operations earlier this year toward the student housing market. The majority shareholder of PJET, ACI Conglomerated, is also the majority shareholder of Puration, Inc. (PURA) and North American Cannabis Holdings, Inc. (USMJ), and represents an initiative ...