Competition among bed & breakfasts, a thriving sector in the hospitality industry, has led many B&Bs to expand their offerings to include activities that promise a more adventure-based stay—creating exposures that provide agents and brokers inroads to new or expanded business.

According to the Professional Association of Innkeepers Inter-national (PAII), bed & breakfasts  are a $3.4 billion industry. There are some 15,000 B&Bs operating in the United States, says PAII President & CEO Jay Karen. And while the number of locations has dropped from 17,000 in 2009, the industry remains healthy because the performance of the existing inns has been solid.

"Supply is down, but [business] is certainly up for B&Bs," says Karen. The recession, he explains, is causing many travelers to rethink big hotel chains and expensive flights, opting instead for closer-to-home, travel-by-car trips, wrapped around local activities.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.