Will the tariffs affect safari pricing or airline tickets??

[Mtn_Infantry]

One effect is that investment portfolios of hunters like us retired guys are taking a massive beating, so no hunting for me until the market recovers.

Most of us saw this coming. If someone didn't see the coming shift in the market, they weren't paying attention/listening. Not saying this is or was you, but I heard someone yesterday that was in their 70's complaining about this and how it isn't fair.

We're the only ones responsible or our lives and financial success/failure. If I was of retirement age, I would've moved my investments or at least a good portion of them into something with less volatility and less risk to account for me likely not having the long-term timeline (lifespan) for the recovery and up-swing BUT that's just me.

Now us younger guys, should be capitalizing on this shift. If I didn't have 3 really big hunts planned in the next 4 years, I'd put most of that money into the market knowing in an ideal world I've got another 30ish years until retirement.

 

[Frederik]

The only thing I've seen specifically was a post on Facebook by Jarandi Hunting in RSA saying they will be raising their prices 30% for Americans. Seems rather stupid to piss off customers from your largest market.

https://www.facebook.com/huntinginsouthafrica/posts/pfbid02Z54VP3smToyFdQiNgfRcjih69avpd5GMst2L9xRkHWh4iTd81t7H3Wh8YDJFqEZ3l

Would of been funny if it was April 1st, but now it as posted April 4th kinda stupid.

 

[Mtn_Infantry]

The only thing I've seen specifically was a post on Facebook by Jarandi Hunting in RSA saying they will be raising their prices 30% for Americans. Seems rather stupid to piss off customers from your largest market.

https://www.facebook.com/huntinginsouthafrica/posts/pfbid02Z54VP3smToyFdQiNgfRcjih69avpd5GMst2L9xRkHWh4iTd81t7H3Wh8YDJFqEZ3l

I'd bet the majority of their customers are Europeans not Americans

 

[Mtn_Infantry]

I will book with them ;-) they understand

Your comment proves my point, they're marketing to European customers. Pull at that customers heart strings ...

 

[BJH65]

Your comment proves my point, they're marketing to European customers. Pull at that customers heart strings ...

Pretty stupid business model.

 

[Vintageguy]

If this causes the world economy to cool or even cause a widespread recession, prices would likely fall some. Supply and demand. The greatest safaris deals ever were during Covid. In 2021 after the travel bans were lifted very few went and deals were incredible.
Surveys have shown that most people taking safari hunts are retirement age. With that in mind market drops could be a factor but the tariffs were coming for weeks and gave ample time to avoid losses for those who took action. Time will tell.

 

[Mekaniks]

I like the tariffs. Much needed to even the trading field. Question - will they affect safari pricing or airline tickets?

Airline ticket prices generally track with the cost of fuel…

 

[HankBuck]

It is a rough week for the market. I hope it recovers for your benefit.

@DillonG - I don’t think there is anyone that doubts the Market will recover - the question is “when”? I hope a few months but I had that same hope back in 2008 and it took Years….I know that I can’t influence it, So I won’t worry about it

 

[Odinsraven]

Your comment proves my point, they're marketing to European customers. Pull at that customers heart strings ...

To be honest most of the PH's I have worked with prefer European customers - sad to say but they say we can walk as long as it takes shoot as needed and get the job done - is what it is !

 

[mdwest]

To be honest most of the PH's I have worked with prefer European customers - sad to say but they say we can walk as long as it takes shoot as needed and get the job done - is what it is !

I think youre being told that because you're a European..

Every PH Ive worked with tells me he prefers American customers.. because they tip much better and are generally more respectful of the camp staff (don't come into camp acting like they are a Euopean lord during the colonial period wanting to be waited on hand and foot)..

Im going to guess whoever is in camp at the time, no matter where in the world they are from, is likely the PH's favorite type of customer at that moment.. lol...

They probably even like Chinese and Arab customers when they are in camp..

 

[HankBuck]

To be honest most of the PH's I have worked with prefer European customers - sad to say but they say we can walk as long as it takes shoot as needed and get the job done - is what it is !

@Odinsraven: My PH said they prefer Americans — Tip much better (almost stupidly Big tippers)

 

[BJH65]

To be honest most of the PH's I have worked with prefer European customers - sad to say but they say we can walk as long as it takes shoot as needed and get the job done - is what it is !

Interesting, I was told the opposite? Honestly, it should be based on how each individual conducts themselves and their individual fitness level, not which country they are from.

 

[Odinsraven]

I think youre being told that because you're a European..

Every PH Ive worked with tells me he prefers American customers.. because they tip much better and are generally more respectful of the camp staff (don't come into camp acting like they are a Euopean lord during the colonial period wanting to be waited on hand and foot)..

Im going to guess whoever is in camp at the time, no matter where in the world they are from, is likely the PH's favorite type of customer at that moment.. lol...

They probably even like Chinese and Arab customers when they are in camp..

Sometiimes money is not - the issue - however - is what it is !

 

[HankBuck]

the issue isnt recovery..

the issue is recovery timelines..

take the great depression.. many companies that were publicly traded did not survive.. people invested in those companies lost everything...

sure the market recovered.. but it recovered because new companies formed to fill the void created by the old companies exiting.. and those with money had opportunities to invest in those new companies..

but that did nothing for the people that lost everything..

and for older people that didn't lose everything, but lost a lot.. it sure as hell screwed them too...

From the 1929 crash it took right at 25 years for the market to gain back to its pre-crash position.. .

So.. if you're a 50 year old guy that's been saving his entire life, planning on retiring at 65.. you're screwed.. you're going to be 75 before your portfolio returns to its 1929 value.. and likely 80-85 before you have any real material gains that you had planned on being there before you hit the retirement button at 65..

For someone that was 19 when the market crashed, no big deal.. they have their entire lives to wait for the recovery..

For those a bit older... they never see the benefit of the market readjusting...

@mdwest - you’re right that it took 25 years for the Market to recover from the 1929 Crash, remember that Crash saw the market fall by almost 90% and if that happens again - we are all in. World of Hurt. Every market drop since then has been much much LESS of a crash and the next worst crash was in 1987 - that recovered in a few years —-then builds back up to New record levels and ‘crashes again’…happens over and over. We are all just along for the ride..at least I am - I am Not a Wizard of Wall Street.

 

[Datchew]

For anyone retired, or nearing retirement this is terrible. Anyone that has a runway of 20-30 years, it looks good. I am looking at this as a blue-light special. I hope that the market recovers for you to get back to your normal budget.

Correct.
A temporary sale price for dollar cost averaging. Much like 1999, 2008, March of 2020.

Loaded up on vix puts. Should be lovely

 

[Odinsraven]

@mdwest - you’re right that it took 25 years for the Market to recover from the 1929 Crash, remember that Crash saw the market fall by almost 90% and if that happens again - we are all in. World of Hurt. Every market drop since then has been much much LESS of a crash and the next worst crash was in 1987 - that recovered in a few years —-then builds back up to New record levels and ‘crashes again’…happens over and over. We are all just along for the ride..at least I am - I am Not a Wizard of Wall Street.

here is a man who knows what he is talking about

 

[Hogpatrol]

Was in the market in '87 the BIG modern times crash. The DOW went down almost 23% in one day. I got to work and people were asking me "What do I do, what do I do"? They were panicking. I told them mortgage your house, take out a car loan and borrow every nickel you can get your hands on and put it in an S&P 500 mutual fund. They thought I was nuts. The S&P was around 300. It recovered in less than a year. It's now around 5,000. Good grief, what the hell is everyone worrying about. This too shall pass and a year from now we'll be back riding the bull. Oh, yes, my 401k is down about 30%. I'm like Alfred E. Neuman, "What? Me worry"? Not a chance. Fortunately I sold some near the top and got my Africa trip for the year in the books.

 

[rookhawk]

I like the tariffs. Much needed to even the trading field. Question - will they affect safari pricing or airline tickets?

My personal impression is that international services like airfares will increase statically (their raw costs increase) but am unsure if plummeting demand may force them to discount fares even if it means they lose profits.

As to the safari operation itself, I would suspect that luxury travel (safaris) will be effected by the very people that are their best customers curtailing safaris: upper middle class, small and medium business owners. That will result in discounted safaris to encourage bookings.

I was on the last flight into Zimbabwe before they shut down due to covid, I was on the first flight into Zimbabwe when international visits were permitted after covid. In both cases, the prices were incredibly discounted but I was also on friendly terms with the locals and was bringing mission of mercy goods to sustain them during times of shortage. Bringing phones, batteries, laptops, and a variety of other must-haves was a contributing factor in my pricing but even absent that the prices would have been low.

TLDR; I think safaris will become less expensive if the tariff battles last more than 90 days.

 

[Mekaniks]

My personal impression is that international services like airfares will increase statically (their raw costs increase) but am unsure if plummeting demand may force them to discount fares even if it means they lose profits.

As to the safari operation itself, I would suspect that luxury travel (safaris) will be effected by the very people that are their best customers curtailing safaris: upper middle class, small and medium business owners. That will result in discounted safaris to encourage bookings.

I was on the last flight into Zimbabwe before they shut down due to covid, I was on the first flight into Zimbabwe when international visits were permitted after covid. In both cases, the prices were incredibly discounted but I was also on friendly terms with the locals and was bringing mission of mercy goods to sustain them during times of shortage. Bringing phones, batteries, laptops, and a variety of other must-haves was a contributing factor in my pricing but even absent that the prices would have been low.

TLDR; I think safaris will become less expensive if the tariff battles last more than 90 days.

I think you are correct and agree..
One thing I would add is that most safari’s are already paid (or budgeted) for this year…
Next year remains to be seen based on what the market does before the end of the year…

 

[Hunt anything]

I will book with them ;-) they understand

I would venture to say that the outfitter doesn’t understand. Somehow the US is the villain when we impose a 30% tariff on South African goods but it’s perfectly okay for South Africa to impose a 60% tariff on US goods.