How much money does it take to open a B&B?

The funds required to open a B&B are not fixed and vary from place to place.

It mainly includes house rental deposits and rent. According to current survey data in some cities, rent generally accounts for one-fifth to one-sixth of the turnover. And the better the location, the greater the flow of people, and the higher the housing cost.

To build a B&B, the decoration cost is very large, and there is no upper limit to the amount. Generally, indoor, outdoor, and transportation near the house can be included in the decoration cost. Moreover, the prices of decoration materials have increased rapidly in recent years.

B&Bs have different styles, and they are basically tailor-made products, so the sense of design is very important. The designer’s charging standard is based on the workload of the design. B&Bs are more complicated than traditional hotels.

B&B owners generally have no experience in hotel management, so if they build it themselves, they are likely to waste a lot of money and budget, but will not achieve corresponding results. It is recommended to find a professional designer to design it. , to ensure the smooth progress of the project.

Prospects for the development of homestays

1. Continuous upgrading

When it comes to homestays, the first thing is to live in a farmhouse, eat farmhouse meals, and enjoy farmhouse entertainment. However, Driven by the continuous development of life and the competitiveness of the market, some B&Bs have been continuously upgraded, accelerating the development of B&Bs and having higher quality requirements.

2. Broad consumer groups

With the continuous development of the tourism market, the main force of consumer groups is composed of people born in the 70s, 80s and 90s. Not only do they have good financial strength, but they also have a lot of work pressure on weekdays. They yearn for some freedom, happiness, and healthy lifestyle.

3. High competition pressure

As B&Bs have become a relatively popular way of living, many B&Bs have sprung up in China, and the accommodation costs of boutique B&Bs are relatively low. Higher, star-rated hotels have also responded, so B&Bs are also facing great pressure in the competition process.