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Newfoundland and Labrador Product Development Strategy

Newfoundland and Labrador Product Development Strategy

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- 42 -o Growing use of upscale B&Bs/Inns by the corporate traveller. This type of property isseen to offer the “comforts of home”. However, they also need to provide the amenitiesdem<strong>and</strong>ed by this market, namely:- High speed phone lines- Internet access- Fax machine- Meeting roomso A younger generation of owners is emerging in the US B&B/Inn sector – 25% of B&Bs<strong>and</strong> Inns in the US are now owned by under 40s. These new owners are bringing differentst<strong>and</strong>ards <strong>and</strong> business models to the sector such as traditional décor being replaced bypost-modern rooms <strong>and</strong> afternoon tea by Internet access. They are not socializing withguests to nearly the same extent – in fact, there is a tendency for them to live off-site, <strong>and</strong>they are catering to a younger market. Many B&Bs <strong>and</strong> Inns are beginning to look morelike hotels – 35% in the US had in-room Internet (2000) compared to 19% in 1998; morethan 50% have in-room TVs. These changes are not necessarily being well accepted bythe traditional B&B market - the average B&B/Inn guest is 52 years old <strong>and</strong> “lookingforward to the eccentric old-world charm of B&B’s”ResortsKey trends in the resort sector relate to the array of recreational facilities, amenities <strong>and</strong>programming that is provided at resorts today, the movement towards multi- seasondestination resorts <strong>and</strong> the development of resorts as mixed projects with one or more types ofrecreational real estate programs together with more traditional vacation rentals.Successful resorts in today’s marketplace offer a range of amenities <strong>and</strong> recreational facilitiesalong with a diversity of programs <strong>and</strong> packages with appeal over three or more seasons. Themost popular amenities today include access to at least one (<strong>and</strong> preferably two or three) golfcourses <strong>and</strong> an on-site spa. Spas have become the biggest growth amenity in theaccommodations sector in North America, most particularly at upscale properties <strong>and</strong> resorts(see discussion below). A variety of programming <strong>and</strong> packaging, both on-site <strong>and</strong> takingadvantage of the resources <strong>and</strong> appeals of the local area is also critical so as to diversify theappeal of the property <strong>and</strong> to build shoulder <strong>and</strong> off-season dem<strong>and</strong>. Other importantamenities include:o Aquatic facilities – pool, whirlpool, saunao Hiking <strong>and</strong> walking trailso Skiing – downhill <strong>and</strong> cross country as well as other winter activitieso Quality diningo Evening entertainment such as dinner theatreMany resorts today are turning to some form of recreational real estate involving somecombination of:o Privately owned homes <strong>and</strong> chalets, with optional rental management programsTHE ECONOMIC PLANNING GROUP of Canada <strong>Newfoundl<strong>and</strong></strong> & <strong>Labrador</strong> Tourism <strong>Product</strong> <strong>Development</strong>D. W. Knight Associates <strong>Strategy</strong> <strong>and</strong> Accommodation Needs Study

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