Weaver
Well-known member
- Joined
- Jan 24, 2012
- Messages
- 395
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I am still crunching numbers, I have looked at several industry studies, local industry reports and so on, however I want to hear from real people. I am just not happy with the financials - they actually look too good.
For those of you that started from scratch, every B n B started somewhere, what were your average occupancy rates in the first two to three years. Even if you took over an underdeveloped existing business that information would be helpful. I am having a hard time with some of the expected numbers and think they might be a bit skewed to the high end. I don't want to over or under estimate the room occupancy.
I know there is no crystal ball (mine is cracked from over use), my magic wand is in the shop-can't get parts. So...I am left with real world experiences, YOURS. We all know I am not NORMAL, nothing is going to be typical or simple, but some real world occupancy % for the first few years would go a long way towards keeping the guys in the white coats from taking me away.
I am not looking for specifics but for some general numbers and averages for the first few years. Numbers I can trust and attach some human aspect to, as opposed to a collection of numbers compiled from anonymous sources.
For those of you that started from scratch, every B n B started somewhere, what were your average occupancy rates in the first two to three years. Even if you took over an underdeveloped existing business that information would be helpful. I am having a hard time with some of the expected numbers and think they might be a bit skewed to the high end. I don't want to over or under estimate the room occupancy.
I know there is no crystal ball (mine is cracked from over use), my magic wand is in the shop-can't get parts. So...I am left with real world experiences, YOURS. We all know I am not NORMAL, nothing is going to be typical or simple, but some real world occupancy % for the first few years would go a long way towards keeping the guys in the white coats from taking me away.
I am not looking for specifics but for some general numbers and averages for the first few years. Numbers I can trust and attach some human aspect to, as opposed to a collection of numbers compiled from anonymous sources.