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Due diligenceExpert answer · 1 min read

How do I check an inn’s booking calendar for suspicious gaps?

Ask for the booking calendar and compare it with deposits, guest invoices and bank records. Gaps may be genuine slow spells, owner stays, maintenance closures or bookings that never appeared in the system. Ask the seller to explain each one and give you the paperwork.

A calendar is a story, and the gaps are where you ask questions. Request an export of reservations along with the sales reports and the bank deposits for the same dates. Then pick several blank stretches and ask what happened. Was the inn closed for repairs, held back for the owner’s family, blocked for a wedding, or just empty?

Look for bookings that do not leave a financial trace. Reservations without matching deposits, cancellations that were never recorded, or cash payments that skipped the system all deserve a closer look. Equally, deposits without matching reservations suggest records kept somewhere else.

Ask whether bookings come through the inn’s own system or through outside channels, and whether you can see each channel’s statements. Compare the picture against cash flow, which shows what actually reaches the bank. Have your accountant review the reconciliation. A clean explanation, backed by documents, is reassuring; a vague one is worth pressing on before you go further. Keep copies of everything you are shown, with dates, so you can return to it later. Do not assume the worst. Many gaps have dull explanations, such as renovations, illness or a deliberately quiet season. What matters is that the seller explains each one readily and the documents agree with the explanation.

Key takeaways

  • Compare reservations with deposits and bank records for the same dates.
  • Ask for a documented reason behind each long gap.
  • Have your accountant reconcile all channels before you rely on the numbers.

Sources

This answer is checked against primary sources. Links were last confirmed on the dates shown.

  1. 01
    Business Development Bank of CanadaGovernment
    How to conduct due diligence when buying a business
    bdc.ca·Checked Oct 21, 2026
  2. 02
    Business Development Bank of CanadaGovernment
    After buying a business, what is the next step?
    bdc.ca·Checked Oct 21, 2026
  3. 03
    Business Development Bank of CanadaGovernment
    What are the steps to buying a business?
    bdc.ca·Checked Oct 21, 2026

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