5 Reasons to Conduct a Senior Living Competitive Analysis

5 Reasons to Conduct a Senior Living Competitive Analysis

Across the country, senior living facilities have reached record low occupancy rates as they’ve dropped to 78.7 percent in Q1 2021, an 8.7 point decline from a year ago. According to the NIC MAP Vision, this is the fourth consecutive quarterly decline since the pandemic. As more people get vaccinated against COVID-19 and cases and deaths decline, the senior living industry is getting closer to making a comeback.

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