U.K. care home sector remains resilient despite inflationary pressures
U.K. care home operators have seen a 3 percent rise in occupancy levels, with several operators across the country now trading well above pre-pandemic levels, according to Knight Frank’s 2023 U.K. Care Homes Trading Performance Review.
The report, which collates data from across the U.K. care home sector and surveys operators on their individual performance, represents approximately 80 percent of the corporate market, totaling more than 100,000 care beds across 781 U.K. towns and cities.
It has indicated that occupancy within the U.K. care home market is improving toward a normalized state, with rates across the United Kingdom up to 86.4 percent in comparison with last year’s 83.4 percent. The report notes that the Northeast shows the most significant year-on-year growth at an approximate change of 5.5 percent, closely followed by the West Midlands at 5.1 percent.
The case for the care home sector is further supported by operators seeing increased