Food for thought

In these troubled times, it is natural to lower the risk factor in any important financial decision. For future Innkeepers who choose to seek out going concern Inns for purchase, it is a wise choice. A going concern has a history and that history will inform us of what that Inn’s capabilities are. That beingRead More

State of the Inn Business

Sometimes, the macro news obscures counter trends among niches or segments of the larger picture. It appears we are experiencing that phenomenon in relation to the Bed and Breakfast and Inn business.

The larger hospitality industry is faced with well publicized declines in both Occupancy rate and Average Daily Room rates (ADR). Hotels and resort properties rely heavily on business meetings and business travel. These are soft business expenses which tend to get cut early on in an economic downturn. The natural fall off in activity is complicated by a record number of new rooms coming on line; the expansion planned and commenced a couple of years ago when the economy was perceived to be in excellent condition.

It is a very different story for B&B’s and Inns. Our core business is leisure travelers and for the most part, that business has remained strong…