First Research US Industry Profile

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Bed & Breakfast Inns
SIC Codes: 7011
NAICS Codes: 721191
Last Quarterly Update: 8/15/2022
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 hotel industry continues to grow with over 700,000 hotels around the world, according to Condor Ferries. Travelers spend about $850 billion a year on hotel stays. However, the industry is forecast to end 2021 down about $60 billion in business travel revenue compared to 2019 due to the ongoing pandemic, according to the American Hotel & Lodging Association (AHLA). 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 3,000 establishments with a 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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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Financial Information
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Industry Forecast
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Industry Websites
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