So what will be the final cost of us holding the hotel? Surely not 60m dollars. If the deal is not done yet, they better hurry, all RCL need is a Carnival like debt downgrade or two for their board to reconsider such investments.
Is Pinder for real? time and time again persons in leadership have been overestimating the economy.
At a certain point whatever propping up is occurring will end.
Pinder admits as much and hopes by September the cruises come to the rescue.
September is a slow month and the cruises won't sail till September the earliest, and the NCP has already said that nothing is happening until later. Even if they do how would the cruises help the hotels he listed, worse if they come at reduced capacity?
On top of that many of the hotels have said they won't open until October - December.
What gives him, the Director of Labour, any indication that September all will be good.
We should be making decisions on data, not blind hope.
It depends on their projections and they should show a chart justifying the request.
A business has fixed and variables. Fixed costs don't change whether they run or not. Variables costs does change while operating. There is a payback number which for them would equate to X passengers per trip.
So say the costs of burning gas and wear on your bus is more than the cost of only picking up 1/2 the customers. Its cheaper to keep your bus parked.
Again not saying this is the case with Jitneys but its the case with different businesses.
Hotels are a good example. Many of them arent opening until Fall or Winter because its cheaper now to stay closed and pay some bills than to bring back staff, put costs in motion for a few customers.
thps says...
more bad news
On DOUBLE DIP: COVID fallout sees two-point downgrade
Posted 26 June 2020, 7:43 a.m. Suggest removal
thps says...
So what will be the final cost of us holding the hotel? Surely not 60m dollars.
If the deal is not done yet, they better hurry, all RCL need is a Carnival like debt downgrade or two for their board to reconsider such investments.
On Grand Lucayan lay-offs start on Holistica deal
Posted 25 June 2020, 3:18 p.m. Suggest removal
thps says...
Is Pinder for real? time and time again persons in leadership have been overestimating the economy.
At a certain point whatever propping up is occurring will end.
Pinder admits as much and hopes by September the cruises come to the rescue.
September is a slow month and the cruises won't sail till September the earliest, and the NCP has already said that nothing is happening until later. Even if they do how would the cruises help the hotels he listed, worse if they come at reduced capacity?
On top of that many of the hotels have said they won't open until October - December.
What gives him, the Director of Labour, any indication that September all will be good.
We should be making decisions on data, not blind hope.
On Pinder: Jobless rate not expected to rocket
Posted 24 June 2020, 6:18 p.m. Suggest removal
thps says...
it's likely in the term sheet, its bites but probably not dishonest.
On 'Expensive money': $150m port bond set for refinance
Posted 24 June 2020, 3:48 p.m. Suggest removal
thps says...
This is why i mentioned in the other post that Sept seemed too early to me.
On Cruise passengers won’t be downtown this year
Posted 23 June 2020, 8:50 p.m. Suggest removal
thps says...
Yes....Yes and Yes.
On Jitneys want fare rise to offset new limits
Posted 23 June 2020, 6:26 p.m. Suggest removal
thps says...
This highlights the bad system.
The govt needs to take this opportunity to speed up the total revamping of the system.
On Jitneys want fare rise to offset new limits
Posted 23 June 2020, 2:14 p.m. Suggest removal
thps says...
Agreed. The underlying issue here is that we have a poor bus system.
On Jitneys want fare rise to offset new limits
Posted 23 June 2020, 9:44 a.m. Suggest removal
thps says...
It depends on their projections and they should show a chart justifying the request.
A business has fixed and variables.
Fixed costs don't change whether they run or not.
Variables costs does change while operating.
There is a payback number which for them would equate to X passengers per trip.
So say the costs of burning gas and wear on your bus is more than the cost of only picking up 1/2 the customers. Its cheaper to keep your bus parked.
Again not saying this is the case with Jitneys but its the case with different businesses.
Hotels are a good example. Many of them arent opening until Fall or Winter because its cheaper now to stay closed and pay some bills than to bring back staff, put costs in motion for a few customers.
On Jitneys want fare rise to offset new limits
Posted 23 June 2020, 9:41 a.m. Suggest removal
thps says...
As long as they hold Aliv the won't. They won't want to water down its value.
All things equal, in terms of the consumer, there is no need for the government to dictate how many. The best will win, the worst will get weeded out.
On No third mobile firm before 2022
Posted 22 June 2020, 2:38 p.m. Suggest removal