Congrats on the big move. I have a few suggestions that I've "learned" over the past 10 years from starting our place from scratch and taking part in many forums.
1. Do what works for you? If the previous owner did something that you don't like or agree with, then drop it. You have to have full belief and faith in what you're doing or you'll be upset. I used to try to emulate what other places were doing because I figured they had more experience and must know better. But in the end, realized that what was right for some, isn't right for everyone. For example, many believe that you have to leave out keys for those coming late. We know our market and what we want - we don't do check ins after 9pm. If an emergency arises, then one of us waits up and checks the guest in. No one does a self-checkin. Others would think this is not hospitality at all and leave out keys. However, they might find extra people in the room in the morning or kids or the person didn't sign the checkin form and has already left.
2. Do you have health insurance from a previous career that you're carrying over? This is the largest expense that many innkeepers face and the stress of not having it or not being able to pay for it wears on you. Work that all out.
3. As soon as you can afford it, get yourself a housekeeper so that you can spend more time with guests and marketing than on laundry and bathrooms. It's so worth it.
4. If you're financially able to, be sure to close slow days off once in a while and take sometime for yourselves since you may not get a longer vacation - these mini vacations might be it for a while. The thing that I hate most about innkeeping is that we spend our entire lives making sure that other people have a fabulous time getting away on a vacation while we may not get our own. It can wear on you. Remember - no more paid vacation days so if you have to close you'll only do it during the slow times or your vacation will cost you double - the cost of the vacation and the lost income. We typically can only go away in April and November because we can't afford to lose the income we make any other time of the year.
5. Figure out if you need to work with the OTAs and the best strategy for that.
Good luck..
We took our first 'go away' 2 week vacation last year. After 10 years in the biz. This year we didn't quite get 2 weeks due to family and I miss that vacation.
When you're home you're working. Even if you're just thinking about working!
People are coming to the door, the phone is ringing, etc.
So, yes, block off vacation time as soon as you take over. Look at previous years under the old innkeepers to see where your down time generally happens.
Then block it off.
The same day you do that 3 guests will call wanting some time during your vacation. Do not fret. They would have balked at the price, canceled a day before arriving, or would have been pitas.
My mom is very sick but I have blocked off her birthday this year to go see her (if she's still here). It will cost me $4000 in missed revenue as it's a weekend in peak season. I only have one mother. (I won't do that for weddings or other family events tho.)
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