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October, 2003

Time for a Smile

Secret decoder ring not required!

"A lady called me and asked for information about the inn. She said, "You have no rooms available during the week in October."

I replied, "Oh no, we have rooms available most weekdays in October. What made you think we didn't?"

She answered: "Because your website says the cookie jar is full."

I very patiently explained that there was no hidden meaning here - the text means exactly what it says: We have a cookie jar and it's always full of cookies -- oatmeal chocolate chip.

Yvonne Martin, The White Oak Inn, Danville, OH

Travel Trends

Just published: PAII Industry Study - 2002: Nearly 900 inns participated in the eighth biennial study of operations, marketing, and finances for bed and breakfasts and country inns. Although occupancy rates slipped 4% for "same-inn" B&Bs from 2000-2002, the decline was substantially less than the 7% decrease experienced by full-service hotels during the same period. Additionally, despite the drop in demand, the average daily rate (ADR) paid by B&B/country inn guests increased during this period. The net result was a 2.8% growth in total revenues for the B&B/country inn segment compared to declines in the hotel sector.

In an article accompanying the study, hospitality industry expert Robert Mandelbaum suggests that B&Bs and country inns weathered the economic downturn because of such "unique characteristics" as their orientation toward leisure travelers, guest loyalty, the perceived value of the B&B/country inn experience, and the owner-operated management structure of most inns.

Although the study has long been acknowledged as an indispensable tool for aspiring innkeepers, as well as for active innkeepers looking to expand and/or refinance their businesses, it's equally worth studying to see how your B&B measures up to industry standards. For example, the number of B&Bs offering such amenities as afternoon cookies, in-room TVs and Internet access, and robes, has increased from 5-10% since 2000. Guest tracking statistics point definitively to the Internet as the leading source of guests, increasing from 22% in 1998, to 42% in 2000, to 45% in 2002. For B&Bs in business for three years or less, the figure rises to 52%. Amazingly, reservations generated by nearly all other sources dropped by 50% or more. If you are considering increasing revenues by adding weddings, business meetings, or even a gift shop, you'll also find useful information in the study. Cost: $89 for PAII members; $179 for non-members. More info

Rapid growth of online travel continues: According to a recent article in Forbes "online travel is the leading and fastest growing category of e-commerce, accounting for more than 45% of all online sales during the third quarter of 2002. According to Toronto-based travel consultant Visual Frenzy, online travel bookings are forecast to grow from $24 billion (or 11% of all travel bookings) in 2001 to $64 billion (22% of all travel bookings) by 2007. Online hotel bookings are the second largest segment of online travel (after air travel) and are forecast to almost triple from $6.3 billion (9% of all hotel bookings) in 2002 to $17.5 billion (20% of all hotel bookings) in 2005.

This Month's Sponsor
Flavia
Online Trade Show
Click to visit our newest vendor members: More vendor info...
Gift Certificates
Inn at Occidental, Occidental, CA
More gift certificates are sold during the holiday season than any other time, and the lucky recipients will soon be searching for B&Bs that will redeem them. Don't miss out! To join the nearly 3000 participating inns, just log in to your home base with your property ID and password, then click Gift Certificate Program.
Traffic statistics
Log in with your property ID and password for details on the number of page impressions and click-throughs your B&B has received as a result of all BedandBreakfast.com online marketing, including property listings, Featured Property, and Inn of the Month advertising. More information
Member Information
To update your entry, post specials, and renew your membership, please log in with your property ID and password. Can't remember your password? Click here, then enter your property ID and we'll email it to you. Don't like your password? Once you're logged in to Home Base, just click "Change Password" (first item in the left-hand column), and choose another that's easier to remember. More information
Inns for Sale
Time to move on? Sell your property by listing it on the leading Internet site for bed and breakfasts and inns, BedandBreakfast.com. Email us today and we'll put you on our special offer mailing list. Read more
Online Bookings
Taking real-time, online reservations is the most effective way to transform your Internet presence from an informational resource into a 24/7 sales engine.  Read more
Innkeepers Information Center
Need more info? You’ll find lots of forms, tutorials, and educational articles on our site for your convenience.

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