The Problem
- The Independent Living segment of the Senior Housing industry sits at an 88% average occupancy rate nationally. This leaves potentially 80,000+ unoccupied units across the US at any giving time.
- There are no systems in place to harness the opportunity to utilize these units for revenue generation and for increasing occupancy numbers.
- Travelers, friends and families of residents as well as potential residents dont have an organized way to book these units. Until now!
The Opportunity
- Senior living operators can be asset-rich but revenue-constrained at times.
- Vacant units represent a significant unrealized revenue stream. The industry has lacked processes to monetize this opportunity.
- The market lacks flexible, short-term stay solutions that align with future resident wants and needs. They want to try out communities and are will to pay to stay.
- There has never been a way to track “micro-occupancy” rates. Micro-occupancy means anytime a unit is occupied it should be added to the overall occupancy rates of the community and company. SuiteBird enables this opportunity.
Our Solution
- SuiteBird is cloud-based direct booking platform that enables operators to easily organize bookings, take payments, and track revenue generated from stays.
- Monetize vacant units and calculate micro-occupancy rates through short-term stays
- Increase exposure to potential future residents to track traveler to resident conversion rates
- Create referral-based word of mouth promotions via current residents
- Automate booking, communication, and housekeeping workflows