Signed in as:
filler@godaddy.com
Signed in as:
filler@godaddy.com
How the Bed and breakfast market has changed! When I first wrote this website B&Bs were unlicensed and owners where a little nervous about whether the next generation would stay at them.. When I first opened mine here in Niagara on the Lake, there were over 300 "proper Bed and breakfasts" and the quality of the breakfast was a competition. AirBNB has changed everything. Airbnb has been both positive and changed how people view Bed and breakfasts. The number of Bed and breakfasts in Niagara on the Lake has not changed much, but what is offered has. The number of "Proper bed and breakfasts" has gone droped to less than 100 what is now the majority is an owner offering 1 room in the basement or shared accommation.
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 thousands of listings. 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 most towns. In most towns there are not any associations in others there are a few, and people will belong to all.
In 2004 Association of Innkeepers completed a survey of its members which found the following:
About B&Bs/Inns
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
From a tourist stand point, research will show that 80% of the touristic dollars will come from less than a 5-6 hour drive from that location. The goal then is to be located in an area where there are high population close by and strong tourism.
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
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
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.
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
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.
Bosley Real Estate,
Trish Badham, Sales Agent
Cell 905-329-1563
Office 905-468-8600
Email: trish@Boselyrealestate.com
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.