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Value Added B&Bs – Part 1
publication date: Jun 7, 2012
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author/source: David McAlpine Cunningham
Costs for B&B owners are going up all the time, forcing many to increase their rates. But you can take the sting out of this by emphasising the value you offer your customers… Recent research by the Centre for Economic and Business Research (Cebr) has found that overheads for small businesses, like B&Bs, have risen by about a quarter (23%) in the last five years.[1] It also suggests that rising costs are having a dangerous effect on independent accommodation providers. The vast majority (78%) identify rising costs as the most significant threat to their businesses this year. Value Added B&Bs – Part 1Seven in ten (70%) properties have seen their profit margins hit by increasing costs over the past three years, whilst more than half (55%) have been forced to increase prices. But it doesn’t have to be all doom and gloom. There are ways to make guests still feel that they’re getting great value for money when they stay with you, even if you’re forced to raise your rates. With a few clever strategies, you might even be able to increase their perception of value. First of all, look at what you already offer. Many of us err on the side of modesty, and it can be easy to take for granted just how good your property is. In the internet age, your website is your most important advertising billboard (especially when software from companies like freetobook offers you the chance to provide online booking at no extra cost). So ask yourself the following questions:
But enough from us, what do you think? Do you already include ‘extras’ to offer your guests added value for money? Editor: David McAlpine Cunningham I was born in Ayrshire and educated at Glasgow University where I studied English and Scottish literature. After that I spent a number of precarious years as a freelance journalist. I’ve worked in travel for seven years, mainly as web content developer and editor for the hotel booking companies Hotels By Phone and Just One Hotel. My short stories have appeared in various magazines/anthologies (most recently the London Magazine) and have been broadcast on BBC Radio 4. I have also published two well-received fantasy novels: CloudWorld (Faber & Faber, 2006 ; nominated for the 2007 Manchester Book Award) and CloudWorld At War (2008; acclaimed as “a heart-pumping tale set in a vividly-imagined world” by the best-selling author and Oscar-nominated screenwriter William Nicholson). Feel free to visit my personal website here. |
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