BnBs in SA,
A 3 Month Feature
Whenever one turns a corner be i t in the townships, urban areas, Cent ral Business Dist r ict [ CBD] and the l ike, one is sure to f ind a ser ies of Bed and Breakfast [ BnB] businesses around. There has been a substant ial growth in this business in South Af r ica in the past 10 years or so. I t is thought that one of the major cont r ibut ing factors to this growth is associated wi th the growth in the tour ism indust ry as a whole. One of the Global Research Inst i tut ion – Stat ista Inc- provides a stat ist ical growth in the tour ism indust ry in South Af r ica. Stat ista Inc prepares a researched data f rom database exper ts, analysts, and the l ike. The st rategic par tners of Stat ista Inc in the USA include Interact ive Adver t ising Bureau ( IAB) and the Amer ican Associat ion of Adver t ising Agencies. According to Stat ista Inc, the number of tour ists in South Af r ica f rom 2006- 2017 had been growing substant ial ly. In 2006 this number was about 10.23 mi l l ion. In 2007 this number grew to 10.84 mi l l ion. In 2017 the graph had grown up to 16.2 mi l l ion. This number is forecasted to grow up above 17 mi l l ion in 2021 .
Stat ista Inc also provides stat ist ics for hotel room revenue in South Af r ica f rom 2009- 2017. The revenue in 2009 was about 692.88 mi l l ion US
Dol lars. In 2010 i t grew to 809.65 mi l l ion US Dol lars. In 2017 the number had grown to about 1 , 189.39 mi l l ion US Dol lars. This number is forecasted to grow up to 1 ,682. 14 mi l l ion US Dol lars in 2021 .
Our team took time to talk to various owners in various parts of the country to find out the reasons why they decided to run a BnB among many other businesses that were on of fer . The fol lowing paragraphs consist of a consolidated response from these entrepreneurs;
The entry levels were simpler. In order to ru na BnB, there were less regulatory criteria, checks, and balances as compared to other businesses that were prescribed before one could enter this sector .
Passion to serve the public. Most BnBs a rerun by their owners. Most respondents stated that they felt fulfilled once they had rendered a good service to their clients. The respondents fel t that they were making a proportion ate contribution to South Africa as most of the bookings were for business t ravelers.
The start-up capital did not provide a barrier as one could even start from one’s existing house. Most of the respondents that we spoke to actually stated that they initially started using their personal bedrooms which were immediately changed to guest rooms. The respondent simply had to convert their personal bedrooms into a commercially attractive business room at a low budget cost .
The desire to expand one’s horizons. The respondent usually got to know their clients at a personal level. In that event , the respondent ended up exchanging business idea sofa different nature with various business guests who slept over .
It is fairly easier to ru na BnB. There does not seem to be a special skill that was required more than the love for humanity.
A need to make a living. Some respondents were once employed but had lost their regular jobs for different reasons hence there arose a desire to make a living… and many other reasons that were given by different respondents. While this sector kept on growing however not all BnB owners and former owners had made it successful in their businesses. Our team also took time to analyze the circumstances and response soft he respondents that were given by various respondents who had ru na BnB before but failed.