Senior Housing News April 16, 2021
When the pandemic ramped up last year, many senior living providers made sweeping changes to their operations to keep residents healthy and safe.
For some providers, expenses rose in the early days of the pandemic as food prices, disposable items and food waste costs ticked up. At the same time, dining revenue plummeted across the industry as catering operations and special event reservations all but ceased entirely.
One year later, senior living dining operations are still not back to normal, and culinary revenue is nowhere near pre-pandemic levels. But providers including Kennett Square, Pennsylvania-based The Kendal Corp. and Bellevue, Washington-based Aegis Living are also hopeful that conditions will moderate as the industry returns to more stable operations, and have budgeted...