Bed & Breakfast Inns Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 6/3/2024
SIC Codes: 7011
NAICS Codes: 721191
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Bed & Breakfast Inns Industry Profile

Companies in this industry provide short-term lodging in private homes or small buildings converted to hotels; full breakfast is included in the room rate. No major companies operate in the industry.

The global hospitality market is forecast to reach about $6 trillion by 2027 at a compound annual growth rate (CAGR) of 5.5%, according to the 2024 Hospitality Industry Statistics report by EHL Insights. Hotel occupancy is expected to increase 2.5% globally in the next year.

The US bed and breakfast (B&B) industry includes about 3,000 establishments with a combined annual revenue of about $1 billion.


Demand is driven by personal disposable income. The profitability of individual establishments depends on occupancy rate and operational efficiency. Larger B&Bs may have advantages in providing a range of offerings and prices to suit a variety of traveler budgets. Small establishments can compete effectively by offering superior customer service to target markets. The industry in the US is highly fragmented: the 50 largest companies account for about 15% of revenue.

B&Bs compete for overnight accommodations with other hospitality establishments such as hotels, motels, extended-stay inns, country inns, RV parks, campgrounds, and youth hostels. They may also compete with short-term vacation rentals from private home owners, some of which may be unlicensed. Distinctions between country inns and B&B inns aren't always clear, but typically a country inn has more rooms than a B&B and ...

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