Bed & Breakfast Inns

First Research, Inc.
February 16, 2015
10 Pages - SKU: FRRS5470915
Countries covered: United States

Bed & Breakfast Inns

Brief Excerpt from Industry Overview Chapter:

Companies in this industry provide short-term lodging in private homes or small buildings converted to hotels; full breakfast typically is included in the room rate. No major companies operate in the industry.

The US bed and breakfast (B&B) industry includes about 15,000 establishments (single-location companies or units of multi-location companies), most of which are family-owned and operated. About 3,000 B&Bs have paid employees on staff; those establishments generate combined annual revenue of about $1 billion. Industry-wide revenue is more than $3 billion annually, according to the Professional Association of Innkeepers International.

COMPETITIVE LANDSCAPE

Demand is driven by personal disposable income. The profitability of individual establishments depends on occupancy rate and operational efficiency. Larger B&Bs may have advantages in providing a range of offerings and prices to suit a variety of traveler budgets. Small establishments can compete effectively by offering superior customer service to target markets. The industry is highly fragmented: the 50 largest companies account for about 15 percent of revenue.

B&Bs compete for overnight accommodations with other hospitality establishments such as hotels, motels, extended-stay inns, country inns, RV parks, and campgrounds. Distinctions between country inns and B&B inns aren't always clear, but typically a country inn has 10 or more rooms and operates a restaurant on premises, while B&Bs average about six rooms and serve only breakfast.

PRODUCTS, OPERATIONS & TECHNOLOGY

The major offering of B&Bs is rental of guest rooms (about 80 percent of revenue): other sources of revenue...



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