Bed and Breakfast Hotels: Product Life Cycle
Product life cycle
History
Bed and Breakfasts Hotels were established in Europe many years back. The majority of travelers that frequented B&B’s in the 1800’s were pioneers, miners, 49’ers seeking gold or professionals traveling from one area to another. Most B&B’s offered an accommodation for the night along with a breakfast in the morning which many hungry travelers took advantage of before setting off on the next leg of their journey. As more inns, lodges and hotels were built in the 1900’s, B&B’s were seen as an affordable accommodation for people traveling through small towns or in areas that weren’t heavily developed.
In the later half of the 20th century, B&B’s enjoyed a renaissance in popularity, as many college students and young adults spent time visiting Europe. Most of these travelers spent time in small B&B type of pensions or private residences and came back to the states to either open their own B&B’s or sought them out as affordable accommodation options. They introduced in the U. S. in the mid to late 1960s. It is estimated that there are in excess 30,000 B&Bs at this time -- that represents a jump from only 2,000 in the late 1970s. The concept is now very mature -- average number of rooms per property has increase dramatically, occupancy rates are up, and national, state, and regional associations are setting standards. There are even a myriad of newsletters, travel publications and guide books available.
Today, B&B’s offer a warm and cozy alternative to the corporate hotel or motel. Most B&B’s pride themselves on being privately owned and operated, as well as offering accommodations in quaint and cozy homes in locations that offer historical, leisure or small town attractions.
Current stage
The Bed & Breakfast and Hostel Accommodations industry is in the mature phase of its life cycle The industry, however, is relatively new, having grown significantly since the early- to mid-1980s. Overall, the industry is still evolving and matching
History
Bed and Breakfasts Hotels were established in Europe many years back. The majority of travelers that frequented B&B’s in the 1800’s were pioneers, miners, 49’ers seeking gold or professionals traveling from one area to another. Most B&B’s offered an accommodation for the night along with a breakfast in the morning which many hungry travelers took advantage of before setting off on the next leg of their journey. As more inns, lodges and hotels were built in the 1900’s, B&B’s were seen as an affordable accommodation for people traveling through small towns or in areas that weren’t heavily developed.
In the later half of the 20th century, B&B’s enjoyed a renaissance in popularity, as many college students and young adults spent time visiting Europe. Most of these travelers spent time in small B&B type of pensions or private residences and came back to the states to either open their own B&B’s or sought them out as affordable accommodation options. They introduced in the U. S. in the mid to late 1960s. It is estimated that there are in excess 30,000 B&Bs at this time -- that represents a jump from only 2,000 in the late 1970s. The concept is now very mature -- average number of rooms per property has increase dramatically, occupancy rates are up, and national, state, and regional associations are setting standards. There are even a myriad of newsletters, travel publications and guide books available.
Today, B&B’s offer a warm and cozy alternative to the corporate hotel or motel. Most B&B’s pride themselves on being privately owned and operated, as well as offering accommodations in quaint and cozy homes in locations that offer historical, leisure or small town attractions.
Current stage
The Bed & Breakfast and Hostel Accommodations industry is in the mature phase of its life cycle The industry, however, is relatively new, having grown significantly since the early- to mid-1980s. Overall, the industry is still evolving and matching