The coronavirus is causing a ton of uncertainty right now. Reading just a few news stories is enough to make you think that the world will never be the same and that once-in-a-lifetime safaris in 2021 will only ever be a dream. And it’s true that the travel and tourism industries have been severely and negatively impacted by COVID-19, but don’t count us out. In 2021, Brave Africa will still be around.
We know a lot of people are hesitating to plan or even think about their vacation in 2021. Which airlines, hotels, and tour operators will still be around next year? Already, 50 million jobs in the global travel sector are at risk, some airlines could go bankrupt, and hotels are asking for bailouts.
But Brave Africa still be around to take you on an African safari in the future. We won’t be another casualty of the coronavirus pandemic.
Brave Africa Will Outlast This Pandemic!
Obviously, we cannot predict the future with certainty or guarantee anything, but being debt-free and having adequate cash reserves puts Brave Africa in the best position possible to survive this unprecedented impact to travel and tourism. We are at low risk of going bankrupt even if there are no more safari-goers for the remaining nine months of 2020, and we are confident that Brave Africa will still be here to host once-in-a-lifetime safaris in 2021 and beyond.
Although we are a brand-new operator, Brave Africa is in solid financial health and we have the knowledge, experience, and foundation to outlast the pandemic. Out of all of the scenarios tour operators and lodges can find themselves in during these unpredictable times, Brave Africa is as set for success as we can be.
Brave Africa is Debt-Free
First and foremost, Brave Africa has no debt. Unlike many other hospitality operators, we have no expensive construction loans, commercial mortgages, private land leases, automobile loans, or other major liabilities that we would be obligated to pay in spite of reduced revenues.
We own all of our assets outright, including our vehicles, tents, and other camp equipment.
Low Operating Expenses
In addition, most of our operating expenses are only incurred if we have paying customers. For example, as a mobile lodge, we benefit from the fact that we only pay for campsites when they are in use. We also only purchase food and other safari supplies shortly before each scheduled adventure, so there is no product waste or inventory spoilage that we have to worry about.
When we are not running safaris, are only expenses are staff payroll, business insurance, and a small office rent. This means that we have enough cash reserves to remain in business for the next 12 months even without any incoming revenue.
The Brave Africa team is also composed of experienced executives and investors who have knowledge weathering tough financial storms.
One of our owners has a background in accounting as well as running a successful software company in the United States. He has been able to guide our team down the right path to ensure that Brave Africa remains financially solvent in spite of any turbulence in the safari industry.
As for our financial backers, they are highly invested in Brave Africa’s success. They believe in our vision and business. If required, they are willing to put additional investment into the company to continue operations for the foreseeable future.
Plan with Confidence
We ask that everyone stay safe, and when we get to the other side, know that in 2021, Brave Africa will be here and ready to take you on an unforgettable trip!
For now, for as long as physical distancing, self-quarantining, and travel restrictions last, we will continue to bring the African bush to you! Check out our Facebook, Instagram, Twitter, and YouTube accounts to escape for a moment (our next blog will explain exactly what we’re doing).