Great question. I'm also interested to hear about what everyone will do, if anyone has yet been able to work it out.
Me and my girlfriend are planning to buy/build/lease a property and set up a hostel, probably in the Philippines. However due to lockdown and the uncertainty of when people will be travelling again, and most importantly in good numbers, we are unsure of which action to take now and how to plan and prep for later this year / next year!!
Once the lockdowns are lifted, places are stated safe to travel, and flights are back to normal prices, and if this is over the next 6 months, then I would immagine that by the end of this year business for hostels will be back in full speed.
However there is talks that the worst is yet to come and when winter arrives Corona virus will outbreak again.
What are your thoughts and plans?