Student accommodation giant reveals figures on Covid recovery

Student accommodation giant reveals figures on Covid recovery


Todays other news


The largest provider of purpose built student accommodation in the UK, Unite, has issued a trading statement giving the latest state of play on occupancy rates.

It says 60 per cent of its 73,000 student rooms are now booked for academic year 2022/23 and that 70 per cent of those “checked in” so far this year – 2021/22 – are occupied.

The statement says: “Latest guidance from the Department for Education confirms that education settings will remain open for face-to-face teaching under the Government’s Plan B measures to combat Covid-19. 

“In our properties, over 70 per cent of checked-in students have already returned to their accommodation, which is in line with a typical year. We expect the remaining students to arrive shortly, following the start of the spring term.

 

“All of our properties remain open and operational and we continue to employ a range of measures in our buildings to reduce transmission of Covid-19 where possible. 

“This includes enhanced cleaning and physical and social distancing measures, as well as offering support to those students needing to self-isolate.”

The provider predicts a return to full occupancy and rental growth of between 3.0 and 3.5 per cent for the 2022/23 academic year. 

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