At its height,Bonfire was a serious employer with hundreds of employees serving thousands of travelers and tourists each year .It was a serious money making machine and the owners honestly deserved it .
With money came thirst for cheap publicity stunts by the couple and were serious oversharers on social media .
The travel industry must be the hardest hit and will take years to get back to pre-covid levels and with their cash cow dead ,I’ll wait to see how they will reinvent themselves
Hurrying back to bed after reading this crap. These guys have so many biznas on the side. Bonfire still remains the place to go to…they will survive…
Sema bonfire.
Events companies are dead at the moment and they employ millions.
Tent suppliers,wedding organizers, conference organizers. Not working at all
If they don’t have bank loans choking their bottom line they’ll be fine.
So dead. Hospitality and tourism are all dead and will remain like that for a long time. Ukiona Warren Buffett ameuza all BH holdings in the aviation industry jua ni kubaya.
he might have used some unnecessary words but he raises a valid concern…the fate of tourism industry in the midst of covid 19…he wasn’t talking about their other businesses which going by your assumptions are covid proof and doing well. In my opinion, tourism, just like aviation, will take big hits…but will eventually recover though others like KQ and SAA are gone…they won’t survive this.
The guy is a friend of mine and he is really crying about being hit hard by this scourge. He laments that the pandemic hit them when they were warming up to start making a killing during the April holiday. But he is hopeful that if the scourge clears within the next three months, then they will pick up slowly and be back again.
Tourism will recover
Events companies will recover also since they go hand in hand with school s opening
There’s no such thing as “3 months.” Hizi restrictions zitakuwa lifted once there’s a vaccine and most (if not all) people have been vaccinated! No other way. Already the states that have partially re-opened are talking about going back on lockdown if cases spike.
Umesahau ma MC wa weddings, ruracio na watu wa Hama, public address
true, can’t be three months…recovery will be slow
So we are looking into a possible scenario of how much time?
At least by end of next year, minimum. By the time this pandemic is over, will there even be an economy left to talk about? Imefika time kila mtu ajue vile atajipanga kifedha coz it’s about to get real!
Oh my God. What will happen to learning? What about lockdown in poor countries. I see the world plunging into chaos and violence. Otherwise, the economy should be opened and we allow those who die to die and those who survive to survive.
You are being nice to him, tell him the truth.
Whatever was banned early than the rest, will be the last to be open.
Very easy analogy. International travel was first to be banned, then inter countries travels, then total lockdown.
When reopening, it will follow the same pattern but from backwards to top.
Eg in Kenya, expect Eastleigh to reopen, then open Nairobi Metropolitan Area borders, then curfew ceases, Open schools, then open borders. In that order.
They can’t open borders while Eastleigh is locked or open borders while schools are closed.
So anybody in International Travels will be the last person to recover. No shortcut. No matter the time it takes. Probably from 2021 is when things might become clear.
Fairmont Nanyuki, Mara, Norfolk closed till Dec 2020.
Sarova has relinquished franchise name from Salt Lick and Taita Hills from 1st July.
That should tell you what to expect.
The most optimistic analysts are saying it will take a minimum of 2 years for the hospitality industry to get to pre-covid levels .Others are talking of 5 years .
All this though will be dependent on how soon an effective cure/vaccine is found .
Genuine entrepreneurs are never truly out, but they may be down from time to time. You should read about Malcolm Gladwell’s 10,000 hours to competence. The company was launched in 2008. By now, its proprietors are considered professionals in the travel industry. They have seen it all (most of it anyway), distilled what suits them and forged a very profitable business. The company also deals with local travel which may rise to compensate for the reduced international travel but at some point later when things open up partially. If they were smart and had invested in some key assets away from tourism, they should have no problem surviving this turmoil and re-asserting their dominance in the tourism industry when the pandemic abates and travel restrictions are lifted. These are not your usual politicians making out like bandits from their elected positions which they may never hold again. They have the experience and knowledge to bounce back. Additionally, you will be surprised that there are many other areas along the value chain of their business where they can profit from by simply vertically integrating their business.
Will they take a big hit for a year or more? Absolutely. Will they survive? I bet that they will. I wouldn’t count someone with 12 years of experience out that easily.
Eventually this is the plan but it should not be rapid but rather gradual, economy won’t collapse but will slow down because it will be a balance of surviving and preventing spread. It is a painful push towards behaviour change where some cultural practices, gathering and scrambling for space will die slowly. Then corona will be a non issue, that is if vaccine is not discovered soon.
KQ has been making losses year after year without folding. KQ might actually make less losses in the covid era :D:D. KQ is here to stay because it is owned by the government. The government can operate KQ at a loss for a century. Usichezee serikali buana. KQ is not your typical company. It can have negative equity and continue to run like its nothing because the government wont let it die naturally. KQ has never seen a profit since 2012 and its losses range from billions and hundreds of millions. Covid haipeleki KQ mahali my fren. KQ is important to the government for strategic reasons and not necessarily for profit.
Kiongozi, bado tunangoja your “the world is ending” projections. Ama tungojee two weeks zingine?