First Research US Industry Profile

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Bed & Breakfast Inns
SIC Codes: 7011
NAICS Codes: 721191
Last Quarterly Update: 3/25/2019
Companies in this industry provide short-term lodging in private homes or small buildings converted to hotels; full breakfast is included in the room rate. No major companies operate in the industry.
The global lodging industry, which includes bed and breakfast inns, generates about $500 billion in revenue per year, according to Euromonitor International. Increasing travel to emerging nations in the Asia/Pacific region and Latin America is driving global growth. Europe is the world's top market for international tourism spending, followed by Asia/Pacific, the Americas, and the Middle East.
The US bed and breakfast (B&B) industry includes about 17,000 establishments (single-location companies or units of multi-location companies), most of which are family-owned and operated. About 3,000 B&Bs in the US have paid employees on staff; those establishments generate combined annual revenue of about $1 billion.
Competitive Landscape
Demand is driven by personal disposable income. The profitability of individual establishments depends on occupancy rate and operational efficiency. Larger B&Bs may have advantages in providing a range of offerings and prices to suit a variety of traveler budgets. Small establishments can compete effectively by offering superior customer service to target markets. The industry in the US is highly fragmented: the 50 largest companies account for about 15% of revenue.
B&Bs compete for overnight accommodations with other hospitality establishments such as hotels, motels, extended-stay inns, country inns, RV parks, campgrounds, and youth hostels. They may also compete with short-term vacation rentals from private home owners, some of which may be unlicensed. Distinctions between country inns and B&B inns aren't always clear, but typically a country inn has more rooms than a B&B and operates a restaurant on premises, while B&Bs average about six rooms and serve only breakfast.
Products, Operations & Technology
The major offering of B&Bs is rental of guest rooms (about 80% of revenue): other sources of revenue are gift shop sales, food and beverage sales, and ... plus:
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Finance & Regulation
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

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