Rising competition from other types of accommodation, such as motels and backpacker hostels, has limited industry revenue growth over the period. Operators in the Bed and Breakfast (B&B) Accommodation industry have faced difficult trading conditions over the past five years. Industry OverviewĪirbnb or Bed and breakfast (B&B) establishments generally provide two main categories of service: overnight accommodation and breakfast the next morning. A Sample Airbnb Rental Business Plan Template 1. People that start bed and breakfast businesses do so to maximize the vacant rooms within their apartments. Starting an Airbnb business is a way to earn additional income especially if you have the required ICT skills.
This line of business is indeed a profitable business because you can operate it from the comfort of your home thereby cutting operational cost to the minimum.Īlso, the fact that you are making use of your apartment, means that you won’t be spending huge amount acquiring or renting a property except you just want to expand the business beyond the house you are currently living. You can easily find facilities such as wireless internet access, free parking, spa services or nightly wine and cheese hours in the average bed and breakfast. It is quite easy to find bed and breakfasts in the united states, which is why most bed and breakfast owners ensure that they put facilities in place that will not only guarantee the safety and relaxation of their guests, but also create an ambiance that will give them room to socialize.
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