LBNB E-BOOK || CHAPTER 1A
GETTING STARTED IN HOLIDAY RENTALS
Chapter 1a
For each issue in 2021, we will be serialising a section of our Luxury BnB E-Book for those looking to set up their own hospitality business.
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By Abbey Warne and Dominic Johnson
• If you are looking to set up your own rental property but are not sure how to get started then look no further, because we have got you covered with our brand new ebook, which will provide you with everything you need to know to get started! This chapter (1a) will introduce you to the different types of holiday rental properties, outcomes and objectives that you may need to consider, how to choose the right location, the different types and sizes of properties available, the skills required and any legal implications which may arise.
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TYPES OF HOSPITALITY PROPERTIES There are a variety of different rental properties on the market that may spark your interest, and this section will give an outline of what each property offers in terms of services, facilities, sizes and rooms. This will help you to decide which one suits you and your guests the most. The different types of properties available: BED AND BREAKFAST (B&B) • A relatively small lodging establishment offering overnight accommodation and 26 || Luxury BnB || January 2021
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breakfast. It is often a private home which typically has between 4 and 11 rooms, with 6 being the average. Guests will pay for the room and breakfast the following morning.
HOTEL • An establishment providing accommodation, meals and other services for travellers and guests. • They vary in size, but are larger than B&Bs. • Can often have conference/meeting rooms for hire, restaurants and entertainment services. GUEST HOUSE • A private house offering accommodation to paying guests. • The owner usually lives in a completely separate area within the property. • It can be an ‘annex’ or another, smaller house on the grounds of the owner's private home. INN • A pub that also offers accommodation. • Provides food, drink, and accommodation. • Usually has a pub and restaurant, licensed bar. HOLIDAY COTTAGE/LET • Private renting. • The owners live off-site. • Have the whole property to yourself.
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21/12/2020 15:00
