S7 Ep9: 34 years as a B&B owner - insights from Marie Davies

How Bed and Breakfasts, Guest Houses and Inns Can Make More Money with Less Work

- Remain adaptable and able to pivot
- You don't have to take everybody
- Define who you would most like to welcome
- OTAs don't own you, they work FOR you
- Airbnb is not the competition, they cater to a different market
- Maintain higher prices to reflect the high value you offer
- Platforms have attracted a new demographic that aren't interested in true hospitality
- Many B&Bs (especially Airbnbs) went out of business during the pandemic, because they don't "own" anything
- There are always people with money, willing to spend it on what they value
- Creating your own paycheck is different from working for someone else
- Do you have what it takes?
- The future of traditional B&Bs