This article is part of your SHN+ subscription The era of double-digit resident rate increases is coming to an end, and senior living operators will have to get more creative to find additional sources of revenue. My view is bolstered by recent data from online senior living monitoring platform LivingPath showing how senior living rental […]
Revel Communities
Kisco Senior Living has launched a new “Signature Travel Program” that allows independent living residents in its Signature brand communities to stay at Signature communities in various locations throughout the country. The program was designed based on resident feedback, with travel being “among the most sought-after experiences for affluent seniors,” according to a press release. […]
Revel Communities COO and Executive Vice President of Resident Experience Danette Opaczewski has left her post as the operator’s top leader. Opaczewski last month stepped down from her role at the Scottsdale, Arizona-based operator — which is a division of larger real estate firm The Wolff Company – to free up more time to spend […]
This is part of your SHN+ subscription A new group of senior living leaders is infusing their companies with new plans and philosophies that will help chart the way forward for the senior living industry’s future health. One can look directly at recent announcements of incoming CEOs or companies making distinct succession plans to see […]
This article is part of your SHN+ subscription Staffing costs. Debt service. Insurance premiums. These are just some of the line items operators are still grappling with in 2024. In the last four years, senior living expenses have not been stable. While the cost of certain goods and services has moderated, others have increased; and […]
Senior living operators have relied on resident rate increases to recoup margins lost over the last four years, but the days of pushing steep increases onto consumers is coming to a close. Instead of pushing through big rate increases, providers are expanding ancillary service offerings in ways that include launching affiliated businesses and standing up […]
This story is part of your SHN+ subscription As senior living operators wind down their operations for 2023, many can look back and see a year of hard-fought recovery. But the road ahead is fraught with challenges as providers continue to focus on occupancy and margins. The demand outlook for senior living is favorable for […]
This article is part of your SHN+ subscription Senior living operators have for the last three years felt the sting of higher expenses in their annual budgets as certain line items remain costly. Looking ahead, many operators do not see that changing. While staffing still makes up the lion’s share of most operators’ expenses, the […]
This article available as part of your SHN+ membership From short-term stays to membership programs that set more creative pricing for residents, the senior living industry can go much bolder when it comes to revenue streams. That’s according to Revel Communities COO and EVP of Resident Experience Danette Opaczewski, who weighed in on the topic […]
Revel Communities has announced the rollout of a new resident membership model and website, with a focus on “self-service, convenience and price transparency.” The Scottsdale, Arizona-based company — which is a division of The Wolff Company — on Wednesday announced the new program, which is being rolled out across the operator’s 13 communities across the […]
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