CAPE TOWN - Lisa Krohn’s Ashanti Lodge in Cape Town - normally abuzz with backpackers from around the world - today sits largely empty, a sign of how the pandemic has crushed South Africa’s tourist industry.
Abundant wildlife, stunning scenery and renowned vineyards have made South Africa one of the world’s big long-haul travel destinations, establishing tourism as a pillar of the economy. Of tourism businesses responding to a government survey, 64% were unable to service their debts in May and 67% could not meet fixed costs. Many businesses have laid off staff or slashed wages. Others have gone bust.
Restaurants on the city’s waterfront are recalling furloughed staff. Game reserves are preparing campsites.
How is a non-income qualified as a loss ? I should be a millionaire then, right ? My loss.
Billion, surely...?
*billion
When genocide is happening, good luck with that
Trying to recoup months of industry losses by charging astronomical rates to equally strapped locals keen to support the industry is probably also hampering local tourism. Time for fresh thinking in this sector
Hahahahahaa. They must stop charging up to 3x the money it takes to go abroad and maybe, just maybe we'll support them
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Source: WSJ - 🏆 98. / 63 Read more »