Proud Texan
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We are shooting for a September opening for our B&B and keep coming up with unanswered questions (our own) concerning how to handle certain situations.
A little background: We live near an area that has a VERY LARGE monthly flea market. It's held over the course of 4 days and has become something of a mecca for antique dealers etc. It is very likely that we will get a large percentage our business from this monthly event.
We have been told by the local visitors bureau and chamber of commerce that it may even be likely that we could have the same guests book us for every event weekend for the whole year!
Our question is this: How do you protect yourself with a deposit for multiple advanced bookings? We would be blocking out our biggest revenue stream for maybe a whole year, thereby losing any potential bookings we would have otherwise.
We've already decided that a 30-day cancellation noticed would be required, but I don't want to get into a cycle of mulitple credit card fees for multiple deposts.
Does that make sense? Any suggestions?
A little background: We live near an area that has a VERY LARGE monthly flea market. It's held over the course of 4 days and has become something of a mecca for antique dealers etc. It is very likely that we will get a large percentage our business from this monthly event.
We have been told by the local visitors bureau and chamber of commerce that it may even be likely that we could have the same guests book us for every event weekend for the whole year!
Our question is this: How do you protect yourself with a deposit for multiple advanced bookings? We would be blocking out our biggest revenue stream for maybe a whole year, thereby losing any potential bookings we would have otherwise.
We've already decided that a 30-day cancellation noticed would be required, but I don't want to get into a cycle of mulitple credit card fees for multiple deposts.
Does that make sense? Any suggestions?