WE’RE SCRATCHING OUR HEADS what to do with the recently approved tax reform in my country. While it gives more small companies like Crossroads Hostel leeway in shielding itself from Value Added Tax (VAT), it will have to contend with the advent of having to pay more in operations cost making it more challenging for us to offset the cost of utilities especially in the coming summer months of March.
Summer, like anywhere else in the world, is increasingly getting warmer and that means higher use of air-conditioners to cool yourself off and more frequent times to open the refrigerators to get your cold drinks or to freeze your drinks.
That’s a lot of money.
Electricity rates in The Philippines are on of the highest in Asia (16th in the World!) and it’s extra challenging for us to get more people to go to The Philippines, let alone have them stay in our hostel because of appointments they have in the nearby Ortigas area.
We’ll take the challenge and hopefully, we’ll come out a winner because whatever investment our guests give us, we put it back to develop our hostel further.
Here’s to creativity in how to get things right.