Whilst we have little control over rising costs, now is the time to be thinking about taking positive action to help your business through this period.
How to reduce costs at your B&B
- Turn off appliances when not in use when you don’t have guests
- Invest in more energy efficient appliances: fridges, TVs, tumble dryers?
- Install heated towel rails with timers: to reduce towel washes
- Invest in individual radiator thermostats. Possibly linked to your phone
- Buy an Air Fryer! Faster cooking and a 50% energy reduction.
- Reduce food waste
- Bake your own bread and cakes
- Review your working practices for costs savings whilst maintaining quality.
- Can you drop the room refresh?
- Pre-order breakfast menus?
- Introduce a minimum night stay if your market will accept it.
- Put a warmer duvet on
- Are there other things you can do in your B&B rooms to make them warmer and use less energy? Check for drafts, hot water bottles, thicker rugs abnd curtains.
- Put more time into marketing your own B&B and reduce commitment to OTAs
How to generate more income at your B&B
- Review your pricing and consider Put your prices up.
- Increase the value of your offering with additional services: Consider offering Packed Lunches, snacks and Evening Meals.
- Sell crafts, post codes, local food and drinks.
- Tell them about the added value within your marketing message. If you do it, remember to tell people.
- Sell your cakes and other gifts!
- Set up an honesty bar – license reqd.
- Offer a late checkout
- Experiences: Yoga, local attractions. You might be able to earn commission on these transactions
To read the full feature, visit Karen’s blog at:
https://www.bandbacademy.co.uk/blog/how-to-make-more-money-at-your-bed-and-breakfast
