As we travel to work with Innkeepers this spring, we are hearing the same from everyone. Advance bookings are down. So, what are we suggesting that Innkeepers do? It gets back to the basics. We all know what they are, but it does not hurt to step back and think about them again:
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I posed the question on Twitter yesterday as to whether Innkeepers think that their Cancellation Policies help or hurt their businesses.  I received some really interesting answers; not a scientific survey, but the reactions of some very smart people in our Bed and Breakfast Industry.  It turned into a sort of on-line discussion, and Twitter [...]

In the April 23, 2009 Edition of the Wall Street Journal, there is an interesting article by Diana Ransom, entitled “Smart Ways to Cut Prices.”  Ms. Ransom’s theory is that while the pressure on businesses to reduce prices is hard to resist, if price cutting is too severe, the result is lower profits and loss [...]