Business
PJET Sets Out To Build Multigenerational Brand Serving 500 Million College Student
PJET Sets Out To Build Multigenerational Brand Serving 500 Million College Student.
About this update from Priority Aviation, Inc.
[{"type":"text","content":"\n Dallas, Texas, Jan. 25, 2022 (GLOBE NEWSWIRE) -- Priority Aviation, Inc. (OTC Pink: PJET) (“PJET”) has a plan to build a branded suite of services for targeting an estimated 500 million college students worldwide today, and their college bound children tomorrow. Last week, PJET published the company’s 2022 strategic overview presentation introducing the soon to be launched Student Housing By Owner (SHBO) Application (APP) and detailing the plan to evolve the SHBO APP into a Global Amazon-like Marketplace serving a multigenerational population.  The overview is republished here today and included in its entirety below: Students - An Underserved, Fragmented Market Vital To Democracy And The Economy The U.S. has over 5,000 colleges with more than 25,000 existing worldwide. The estimated college student population in the U.S. is 21 million. There are more than 500 million college students worldwide.  Housing for students is in short supply with only an estimated 22% of students living on campus.  Rents have been steadily increasing, even through Covid, since 2017. New student housing projects are dominated by a handful of large investment firms working at large brand name universities that are putting an estimated $16 billion a year into building new student housing.  Smaller colleges with names not as recognizable, which is the vast majority of colleges, remain underserved when it comes to student housing. Student housing shortages are just the tip of the iceberg.  Important and critical services and supports for college students at most universities are in short supply.  From housing to transportation to food and recreation, not to mention tutoring and other study support services. College education is a vital component of upward mobility not just for individuals, but for lifting the economic welfare of entire communities in the U.S. and globally.  As the global economy grows more complex requiring technological integration in almost every aspect of production and delivery, higher education becomes more important. Maintaining, and where necessary, raising the education level of at least a small percentage of every community is essential to the welfare of the entire community. Historically underrepresented students are a vital population to improving d...