Bed & Breakfast | Trends And Industry Outlook
TRENDS AND INDUSTRY OUTLOOK
The Allen House in AuTrain is now operating at 80% occupancy after 5 years; Applewood Inn in Sault Ste. Marie managed 84% occupancy in their first year. In fact, they are selling because the business has been more successful (and time-consuming) than the simple retirement income they intended. The Winchester in Green Bay achieved 30% occupancy in their first year. The Holmes Estate in the small town of Calumet, surrounded by a dozen B&Bs, was at 15% occupancy in their first year.
In Munising, even with the loss of A.G. Reilberg, the lodging industry has continued to rise in the last four years and was up 5% in 1995 from the previous year during the tourism season. In our research and discussions with professionals, such as John Sims, Director of the Upper Peninsula Holiday, Travel & Recreation Association, and others mentioned in our management section, we've learned that the Bed and Breakfast business will continue to attract...
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