Industry Analysis & Industry Trends
Pack your bags
As the economy recovers and consumers begin spending on nonessential travel again, business will pick up. The industry will continue to be segmented on the basis of facilities and price, with the hostel segment expanding and an increase in full-time B&B operators. While this latter trend will cause the average number of rooms per establishment to increase, the industry will remain a small-business environment... purchase to read more
Industry Report - Starting a New Business Chapter
Given the owner operator nature of this business, and its generally small scale, there are few barriers to entry. Start-up costs are generally relatively low. Many operators start by offering spare rooms or buildings in their own home or farm to guests, with some modifications and with each room having its own bathroom or shared facilities, at minimal capital cost outlay. The US B&B Association estimates that 60% of B&B are traditional B&Bs and 40% are hobby-style homestays.
There are also no qualifications required for operators to enter this industry. However, operators do have to meet all of the local building and health regulations... purchase to read more