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Uneven Senior Living Recovery Raises Doubts About Seasonal Occupancy Gains

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Recent data showed senior living occupancy remained flat in the second quarter of 2021, prompting renewed doubts about the pace of Covid-19 recovery. With this as the backdrop, providers are hoping that Q3 2021 will bring the usual, seasonal occupancy uptick, and then some — but that result is uncertain.

There is reason for optimism. New inventory growth was the main culprit behind the lackluster Q2, but demand was  “measurably up” in the second quarter, according to NIC Chief Economist Beth Mace and several providers who spoke with SHN for this story.

While demand is there now, seasonal trends are not guaranteed in the age of the pandemic. And as Covid-19 case counts rise again in every U.S. state while the Delta variant takes hold, some industry leaders are wondering how long this demand surge will last. Furthermore, much of the work driving Q3 move-ins takes place in earlier quarters, so the story to some extent might already be written as to how much of an occupancy boost providers will gain before the fall.

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The post Uneven Senior Living Recovery Raises Doubts About Seasonal Occupancy Gains appeared first on Senior Housing News.

Source: For the full article please visit Senior Housing News

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