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mombasa and kenya coast seeing really tough times
Rank: Chief Joined: 1/3/2007 Posts: 18,354 Location: Nairobi
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premio wrote:Too sad but this was agrravated by the clashes in Lamu which had nothing to do with Alshabab but local politics of hate. MOMBASA was headed to become a Dubai in its own way. The idea of Marinas apartments had picked. English point had doubled in sales value from 25m for a 3bed to 45m but prices came crashing. Dubai is such an attractive property and travel markets because its cosmopolitan. Some thick pple thought b I thought the project was underwater i.e. the developer was in trouble. Anyway, even if the prices are back to 25mn... isn't that too much for Mombasa? On the other hand, I do not have 25mn for an apartment so I may not understand the market!!! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Mombasa had every chance to stop their reliance on foreign visitors, and exploit the local crowd. however, come every major holiday, the greedy hyenas called beach hotels start charging supplements: Easter, Christmas, blah blah. While the mzungu stays for $20 a night. Let them die, they deserve it! Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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VituVingiSana wrote:premio wrote:Too sad but this was agrravated by the clashes in Lamu which had nothing to do with Alshabab but local politics of hate. MOMBASA was headed to become a Dubai in its own way. The idea of Marinas apartments had picked. English point had doubled in sales value from 25m for a 3bed to 45m but prices came crashing. Dubai is such an attractive property and travel markets because its cosmopolitan. Some thick pple thought b I thought the project was underwater i.e. the developer was in trouble. Anyway, even if the prices are back to 25mn... isn't that too much for Mombasa? On the other hand, I do not have 25mn for an apartment so I may not understand the market!!! Prices are as follows: 60M for front row, 50M for middle and 40M for rear. Watch that project slowly suffocate. Greed has overtaken common sense. Business opportunities are like buses,there's always another one coming
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Rank: Chief Joined: 1/3/2007 Posts: 18,354 Location: Nairobi
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KulaRaha wrote:VituVingiSana wrote:premio wrote:Too sad but this was agrravated by the clashes in Lamu which had nothing to do with Alshabab but local politics of hate. MOMBASA was headed to become a Dubai in its own way. The idea of Marinas apartments had picked. English point had doubled in sales value from 25m for a 3bed to 45m but prices came crashing. Dubai is such an attractive property and travel markets because its cosmopolitan. Some thick pple thought b I thought the project was underwater i.e. the developer was in trouble. Anyway, even if the prices are back to 25mn... isn't that too much for Mombasa? On the other hand, I do not have 25mn for an apartment so I may not understand the market!!! Prices are as follows: 60M for front row, 50M for middle and 40M for rear. Watch that project slowly suffocate. Greed has overtaken common sense. And it should if the pricing is way out of line. That said, there are people with the 60mn. And more. Anyway, it is cheaper for me to rent a room when I need one a few days a year! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 10/26/2012 Posts: 136
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New cancellations are already in the pipeline for tour operators , a large group of British youngsters and volunteers who come help people every year has just cancelled 100 rooms booking in watamu for a month plus. An old prestigious resort is shutting down in watamu for the remainder of the yr and many many people at Moi airport are awaiting clients who are just not arriving even though bookings have been held for months. Expect a crash in forex earnings on the coast, expect further job losses and poverty
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Despite all the hard times, I had a hotel quote me exactly double their normal rate for an Easter booking. I asked why, and they said Easter ni Easter. Dumbness! RIP Coast hotel industry: a case study in stupidity and lack of business sense. Business opportunities are like buses,there's always another one coming
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Rank: Member Joined: 12/17/2013 Posts: 118
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KulaRaha wrote:Despite all the hard times, I had a hotel quote me exactly double their normal rate for an Easter booking. I asked why, and they said Easter ni Easter. Dumbness!
RIP Coast hotel industry: a case study in stupidity and lack of business sense. Lamu is most affected by the downturn in tourism. But the locals appear to have learnt,accepted and moved on.The hotels are taking anything just to have a guest onboard.I also notice may initiatives by county Govt to revive the sector. KCB,NMG,PAFR
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Rank: Elder Joined: 12/11/2008 Posts: 2,306
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This narrative from coast people that Oh watu wa bara wanatunyanyasa, Oh MRC, or Majimbo, oh this, mara that, simply has to end. They now have their own counties and must work hard to create an enabling environment for investors and job creation. This story of incubating MRC, mara Al Shabab and think they are hurting the Kaffirs. The harsh reality is that it is the coast people that suffer most when tourists stay away and hotels close. Peace loving coastals (and indeed all Kenyans) must cooperate with security forces to bring peace and security. The way I see it... Great men are not always wise, neither do the aged understand judgement...
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Rank: Member Joined: 5/8/2013 Posts: 386 Location: Nyali mombasa
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I agree Mombasa has and is becoming less an less exiting and if it does not adapt to need of modern tourists it will fade the same way Most central kenyan towns faded.
I some times wonder what or where Nairobians come to holiday in mombasa, the beaches are dirty and with too many hawkers and beach boys disturbing any one who just wants to relax.
The port is not even part of mombasa it simply does not benefit Mombasa at all, so does the airport.
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Rank: Member Joined: 1/10/2015 Posts: 411
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Kenya hits out at Britain's tougher travel warning - http://www.standardmedia...e/?articleID=2000156605 via @StandardKenya Your income is directly related to your philosophy, Not the economy.-Jim Rohn
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mombasa and kenya coast seeing really tough times
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