The bed and breakfast market is a potential growth area for insurers as this comfy niche of the travel industry attracts a growing number of travelers seeking unique, but budget-friendly accommodations.
“There is a lot of growth in the B&B segment. It seems to be staying profitable, even with the shrinking economy,” says Brent Skiles, assistant vice president for Bala Cynwyd, Pa.-based Philadelphia Insurance Cos., which has been offering B&B insurance nationally for nine years.
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