Botswana Stock Exchange (BSE) listed tourism company Chobe Holdings has postponed tourist bookings to cushion the company from the COVID-19 pandemic impact.
John Gibson, Chief Executive Officer and Deputy Chairman of Chobe Holdings, on Friday said the company is mitigating a fall in international tourist arrivals through postponing bookings.
“The marketing push of ‘don’t cancel, defer’ has been largely successful with more than 70 percent of the confirmed bookings that were scheduled to travel in the period April – June 2020 deferring their travel to 2021,” said Gibson.
According to the World Tourism Organisation, the COVID-19 pandemic has caused a 22 percent fall in international tourist arrivals during the first quarter of 2020 and the crisis could lead to an annual decline of between 60 percent and 80 percent when compared with 2019 figures.
Chobe holdings anticipated that signs of recovery would start emerging in the last quarter of 2020 but mostly in 2021, with leisure tourism expected to recover quickly.
“The recovery is however dependent on containment of the virus, easing of travel restrictions and re-opening of borders,” said Gibson, adding that the company is confident of a fairly quick recovery when it is deemed safe for international travel to resume. Enditem