Other Upcoming Events

Caring Times Christmas Lunch 2021

09 Dec 2021

The Dorchester Hotel, Park Lane, London

Occupancy remains steady as providers batten the hatches

March 26, 2020

Specialist care home property consultants Carterwood have published the results of a survey of care home operators designed to gauge the impact of the coronavirus and measures to combat it.

The survey suggests there has been a very limited effect on occupancy, with 88% of those providers who responded seeing no reduction at all so far. Carterwood says anecdotal evidence indicates that some operators are actually seeing a rise in occupancy.

Supplier costs have clearly started to rise with demand, with 55% of operators seeing supplier costs increase a little, and 15% experiencing dramatic increases. Although more than half of operators still expect a reduction in occupancy over the next three months, the proportion forecasting no reduction at all is significantly larger now (43%) than it was on 11 March (22%).

Carterwood also asked providers to share any specific viewpoints not covered in the survey and staffing came up time and time again as a major concern for respondents.

Across the sector as a whole, despite the adverse conditions, market sentiment remains reasonably positive, with 85% of respondents viewing the care market with “slight or greater confidence”.

As the COVID-19 outbreak escalates and the economic situation becomes more precarious, the sector is now viewing investment with caution: 44% of respondents stated that they have changed their 2020 investment plans.

See data sheet here: https://www.carterwood.co.uk/wp-content/uploads/2020/03/20200323-Carterwood-Market-Sentiment-Survey-2-Results.pdf

Leave a Reply

Cart Item Removed. Undo
  • No products in the cart.