Reimagining the $9 trillion tourism economy—what will it take?
Hey everyone, I recently read an article that McKinsey published on the future or the tourism industry following this
First Beds and Bars Franchise Deal Proves the Concept Works
In November 2015, Beds and Bars announced their first franchise partnership with Copenhagen Downtown Hostel in Denmark. After the first full month of trading, the hostel has reported a 36% increase in revenue, year on year.
Beds and Bars Managing Director Murray Roberts said: “We are delighted with these early results. Bearing in mind the time of year and the seasonality, this uplift far exceeds all expectations. The success of any Franchise arrangement should based on a win-win model, so that both parties benefit. That is most definitely the case here.”
Danish partner Jesper Elkjær said: “The results have exceeded our expectations. We can say with certainty, that we made the right decision by going into partnership with Beds and Bars.”
Roberts added: “We have our sights set on 10 initial network deals and we are actively working on these, with Lucie Perin appointed as the Beds and Bars Franchise Sales Manager.”
If you interested in becoming a potential partner with Beds and Bars, please send your enquires via email to: [email protected]
Beds and Bars operate 20 backpacker hostels, bars and pubs, in ten cities and seven countries across Europe. Key locations include London, Paris, Berlin and Amsterdam. Their brand St Christopher's Inns, is the largest independent chain of backpacker hostels in the world, without private equity backing.
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