Bed & Breakfast News Issue #47 Summer 2019 | Page 20

20 | Bed & Breakfast News | Summer 2019 10 most expensive types of business disruption for B&Bs Rank Issue Total cost to fix Days of disruption % of B&Bs affected £28,040 70 8% 1 Water damage from flooding 2 Leaking roof £9,192 66 18% 3 Water damage from burst pipes £5,704 17 24% 4 Other roofing issues £4,652 1 8% 5 Broken or damaged boiler £4,266 3 24% 6 Blocked drains £1,570 3 22% 7 Guest damaging room (uninhabitable) £477 3 4% 8 Guest damaging room (still habitable) £379 2 45% 9 Insect or animal infestation £377 2 10% 10 Access to the property blocked meaning guests couldn’t get to the property £102 1 1% Source: Direct Line for Business 2018 A large proportion (48%) of B&B businesses affected by these issues had to shut their doors completely until the repairs were completed. As a result, nearly two fifths (38%) lost bookings, while a fifth (19%) suspected that they lost return business. One in seven (14%) received complaints from existing customers, while the same number received negative reviews online. These issues have hit B&Bs hard; more than two fifths (43%) had to use up cash reserves to fix the problems, while 37 per cent had to put personal money into the business. As a result, a third (33%) saw a reduction in profit, while a quarter (23%) saw a reduction in revenue. One in five (20%) B&B owners believes that customers affected by the issues did not rebook. David Weston, Chairman of the Bed & Breakfast Association said: “B&B owners work tirelessly to provide an outstanding service to their guests, but unfortunately all it takes is flood damage or a leaking roof for them to have to close their doors to guests, significantly affecting them financially. It is important owners look at insurance cover to guard their business in the event of disruption and, ideally, they should choose a provider that will help them get back on track