B&B's in Ontario

Bed & Breakfasts in Ontario

The number of bed and breakfasts across Canada is an unknown number. There are a couple of associations which are trying to obtain information from its members but at this the B&B industry is not organized. On BBCanada.com, one of the largest Canadian websites listing Bed and Breakfasts it claims to have over 10,000 listed. The primary reason for lack of information is that many people only rent one room in their house and do not belong to any association, nor are there any regulations requiring licensing in msot towns. In most towns there are not any associations in others there are a few, and people will belong to all.

In 2004 PAII, Professional Association of Innkeepers International completed a survey of its members which found the following:

About B&Bs/Inns

29% were in rural locations,
16% were urban,
3% suburban and
52% were in villages
87% are tourist destination
Owners have operated them for an average of 13 years
Rooms with private bath 97%
95% of properties have their own domain name
79% of owners are between 35-64 years old
88% of the owners live on the premises
55% of the owners have an outside income.

Ontario Market

Across Ontario there are number of hotspots for Bed and Breakfasts. Bed and Breakfasts are most prevalent in the tourist location in southern Ontario yet can be found in most towns and cities. Bed and Breakfasts located in cities do attract some commercial travelers but that is secondary market for most.

Towns with the most Bed and breakfasts in Ontario

Niagara-on-the Lake – approximately 150 properties
Stratford – 80 properties
Toronto – 76 properties
Ottawa – 61 properties
Niagara Falls – 53 properties
Picton – 59 properties and growing
Kingston – 35 properties

Stratford

Population – 35,000

Attractions

- Stratford Festival runs from April to November. Sells approximately 550,000 tickets per year

- 80 bed and breakfasts in the town

o Average price at a B&B is $110 - $135

o Asking price $650 - $1.2K

o Revenue generation $10K - $15K per room

Picton

Population – 6000

Attractions

- Sand Banks National Park

- 100,000 visitors annually

- 34+ wineries

o Just getting started

- 59 bed and breakfasts and growing

o Average price at a B&B is $140 - $180

o Asking price $900-$1.4m

o Revenue Generation $12-18k per room

Choose your Location Carefully

A 5 hour drive from Niagara takes you to

-Kingston

-Detroit

-North Bay

- Albany, NY

That is a large population area to draw your guests from.

Niagara Falls

Population – 83,000

Attraction

Niagara Falls

- 11 - 14 million visitors annually

- World Class attraction – one of the Seven Wonders of the World

- Attracts people from all over the world.

Wine Region

60 Bed and breakfasts

o Average price at a B&B is $100 - $140

o Asking prices range from $650 – $$1.3M

o Revenue generation $12-20K per room

Niagara-on-the Lake

Population – 18,000

Attractions

Niagara Falls (spill over)

Wineries

Shaw Festival

- 300,000 visitors

Annual visitors 3.5Million

150 bed and Breakfasts

o Average price at a B&B is $150 - $265

o Asking prices range from $950 – to $3M

§ Average is $1.2M - 1.8M

o Revenue generation $20 - $45k per room

Basically the reason there are so many bed and breakfasts in the Niagara Region is because it has a strong market for tourism and is only 1.5 hours from Toronto. Niagara-on-the Lake developed due to the lack of hotels and the town is very strict in allowing new hotels in the old town.

Niagara Falls Bed and Breakfasts are mainly in one area due to the required zoning.

Bed and Breakfasts for Sale Niagara-on-the Lake

Trish Badham, Agent Bosley Real Estate Brokerage

Bed & Breakfasts in Ontario

More Topics

Stratford

Picton

Choose your Location Carefully

Niagara Falls

Niagara-on-the Lake