Will camps be cancelled this year? Will people be going to bungalow colonies?
Noboby knows for sure. Would be nice if someone who directs a camp would chime in here on what is going on behind the scenes.
I heard that Gan Israel Montreal, one of largest Lubavitch camps formally notified parents that they will not be opening. Canada might be more stringent than the U.S.
In general there are many unknowns at this point, to the extent where it's impossible to make preparations for camp without risking large sums of money.
As others have mentioned, schools may consider running through the summer. Even if elementary schools don't, yeshivos might want bochurim to make up for lost time and not allow them to staff the summer camps. High school students may need to take state regents in June-August. (NYS cancelled regents, not sure about others)
We may be looking at a hybrid school/day-camp situation for elementary schools if we are out of the Covid danger by summer.
As for bungalow colonies, if schools are running, bungalow colonies are not happening. This is aside from the fact that the already fiercely anti-Semitic Sullivan County will fight tooth and nail to not allow them to open this year.