Categories
free access News

Two thirds of B&Bs suffer business disruption

Nearly two thirds of UK B&Bs and guest houses have experienced business disruption, according to a report from insurer Direct Line for Business.

Acording to the report the average cost to the business as a result of this disruption was £3,985, of which £3,276 was spent fixing the problems with a further £709 written off through loss of revenue.

The most common type of disruption faced by UK B&Bs and guest houses is as a result of visitors damaging a  room, an issue which has affected almost half (45 per cent) of establishments surveyed. This is followed by water damage from burst pipes and broken or damaged boilers, both of which have affected a quarter (24 per cent) of B&B owners.

Business disruption is costing B&B businesses significant revenues, along with the cost of repairs there is the loss of earnings as rooms can be out of action for some time. The most expensive issue to deal with is water damage from flooding which costs approximately £28,000 to fix. This includes the cost of resolving the problem (£22,700) and lost revenues (£5,339) while the premises is out of action. The disruption caused by flooding can last an average of 70 days before it is resolved.

PLEASE SHARE THIS:

By Dominic Johnson

Publisher, contact dominic@miramedia.co.uk about all commercial enquiries.

Latest Issue of Luxury BnB Magazine

For owners & managers of B&bs, Inns, Guest Houses, Boutique Hotels & Holiday Lets.

Featuring in this next issue...

  • The Pheasant Hotel
  • Craigmount B&B
  • The Whittling House
  • News: Industry News and Analysis
  • Karen’s Column: Handling reviews and negative comments
  • Q&A with Tina the Tiny Troubleshooter
  • LBNB 2021 Awards Shortlist
  • Chapter 1B of LBNB EBook: Getting Started in Holiday Rentals
Buy Now DIGITAL ISSUE Read online

free access