In the current economic climate, more and more families are finding it harder to afford that annual vacation. As finances tighten, family vacations are one of the first luxuries that end up being sacrificed. It is no wonder that many hotels and holiday facilities are currently experiencing a decline in visitor numbers and some of them are struggling to continue operating. Many families are considering camping and self-catering options when it comes to their free time and some are even staying home until financial conditions are more stable and interest rates fall. With some small businesses closing, there are many people struggling to find employment, especially in sectors like construction where the instability is really felt. So what alternatives are people considering when it comes to their vacations? One sector that appears to be holding up and weathering the economic storm is smaller hotels. Bed and breakfast trends right now show that these establishments with 8 or fewer rooms seem to be doing quite well.
There are a number of reasons for their managerial skills in this less than favorable economic climate. One of the main factors is its suitability for short visits. If you can’t afford a week or fortnight package holiday, you can be more flexible by booking a bed and breakfast hotel. Short stays of just a couple of nights are possible and this can mean not only smaller bills, but also less time away from work…essential if you’re self-employed or don’t have paid vacation time from your employer. Bed and breakfast trends show that most people only stay two or three nights.
Another factor that makes bed and breakfast trends favorable is the fact that many people stay in these establishments for reasons other than vacations. It may be for a short stay to visit relatives for a family party or perhaps a wedding. Bed and breakfast hotels are often ideally located in rural areas where finding a hotel is sometimes difficult and those in smaller towns may end up being the only option if you need to stop for a visit. Very often, even a recession will not be reason enough to miss out on a nice family reunion or wedding.
Nearly 90% of bed and breakfast hotel owners reside on property, and very often the rooms for rent are an integral part of what was once their family home. They therefore do not have to take into account some of the rising rents that some slightly larger establishments are currently experiencing. Many of their houses are already paid for and they have converted part of the family home into bed and breakfast facilities following the departure of an adult family. This being the case, they are financially better able to keep the business going, even if times get a bit tough and bed and breakfast trends show that they seem to be getting by.
As small businesses run independently by owners, you’ll often find that they can offer some incentive to encourage people to book. It can be free breakfast or internet access. They usually come up with something that will set them apart at very little cost to themselves. Another benefit that can influence bed and breakfast trends is the fact that if it’s owned by a couple, one of them may have a job that will help them get through a time when their bed and breakfast income isn’t enough. . as good as could be.
