Naturally, this time of the year forces one to reflect on the past twelve months. In doing so, I cannot remember ever having a tougher year than this one. We have had a tumultuous year at BON Hotels, a year of growth, celebrations, discovery and of course, lessons.
Lesson #1- don’t take your eye off cash flow
My recent travels to Zambia and Namibia have confirmed; our long-term strategic plan of focusing on the larger Africa is a good one. While we are not taking our eye off opportunities within South Africa, the sheer number of opportunities north of our borders cannot be ignored!
I was scrolling through my recent blog posts musing that there has certainly been a lot to complain about lately! But I try to remain positive so I’m very happy to move onto more positive things. And we have done just that with our recent BIG move into Africa. We have been keeping ourselves busy with new ventures and exciting properties in West Africa, particularly Nigeria.
Wow! We have received such a hearty and warm response from media and industry personnel with regard to my father, Otto Stehlik, joining us at BON Hotels. Throughout our recent trip to Indaba, nothing but good wishes and heart-warming reactions from travel and hospitality people flowed: a wonderful feeling for my dad and I. We are both pleased and honoured.
It’s been a week of GOOD news, but our most significant experiences in the last few days have stemmed out of Nigeria.
Having spent a few days on a fact finding mission whilst we tie up our joint venture agreement, the prospects for BON hotels in one of the largest countries in Africa are most exciting. Although many opportunities have already been snapped up by the major hotel management companies in Lagos, our focus will be on properties in the capital, Abuja and Kano.