It’s crucial to stay ahead of trends in the world of hospitality, which is why we decided to create this guide. After all, our No. 1 goal at Inn Partners is to help you achieve success as innkeepers. Here, we’ll take a look at some of the current, emerging, and expected 2021 hospitality real estate trends. The industry is always evolving, so you’ll want to pay close attention to the information we share. You’re likely to find plenty of useful insights to have a fantastic year!
Speaking of staying ahead of trends, have you heard about our Current Innkeeper Workshops? These educational workshops teach you everything you need to know about trends, marketing practices, how to optimize operations, and more. We’d love to see you at our next one!
Insight into 2021 Hospitality Real Estate Trends
Financial Growth of Inns
Did you know that inns, B&Bs, and boutique hotels have actually seen a significant amount of growth, on average, lately? We’ve seen this trend over the past six months and expect it to continue for the foreseeable future. This is in part due to their ability to provide clean, comfortable, and controllable environments for guests, in addition to the pent-up desire for travel that has been present since the start of the COVID-19 pandemic.
Importance of Wellness
Also, the wellness concept has never been more profoundly important in hospitality. That means innkeepers should try to incorporate self-care practices through design, spa services, and amenities. It can be as simple as offering a breakfast menu with healthy options or alternatives.
Historically Low Interest Rates
Are you interested in financing a bed and breakfast? Well, you’ll be pleased to know that we are seeing historically low interest rates. Consider taking advantage of this recent trend if you are a prospective innkeeper. We have a collection of distinguished properties for sale that you’re sure to love! You can even check out our free Guide to Buying an Inn for help navigating the process or contact us directly.
Cottages, Cabins, and Outdoor Destinations
We have also seen an increase in the popularity of cottages, cabins, and outdoor destinations. Many of today’s travelers appear to be looking for accommodations with more privacy, solitude, and opportunities to get out and reconnect with nature. If you own properties in more rural, secluded areas, you can use marketing efforts to target people in cities within driving distance. They will likely enjoy the quiet escape from the hustle and bustle of their busy lives.
Stay Ahead of Hospitality Trends With Inn Partners
We hope this blog has given you some insight into recent and expected hospitality trends for 2021. Of course, you can always take it another step further by attending one of our upcoming Current Innkeeping Workshops. You’ll learn a wealth of additional information to help you maximize your efforts and make sure your inn is running to its full potential.