In the last 2 years Adelaide has seen the closure of 2 hostels. First it was Cannon St Backapcers with over 200 beds and now Annies Place. You would think that this would mean more backpackers for those of us remaining here. Nope! the cost of running a business has increased just about doubled over the last 12 years, wages almost Doubled, land Tax, ESL, Council Rates, electricity, gas and Insurance etc have all doubled. The thing is, we are still charging and lucky to get the same rates as we did 10 years ago. Less income and more expenses = more businesses going down.