Applications for the upcoming academic year show encouraging growth, the company said this morning, as Chinese applications grew by 21 per cent, despite the ongoing tension between
Domestic applications grew a sturdy 11 per cent, while the international market outside of the EU saw a 17 per cent lift in interest.
University students have been dealt a poor hand throughout the pandemic, but despite the no-contact learning and minimal social events, Empiric has enjoyed revenue occupancy of 65 per cent on top of the sturdy application rises.
Whilst lower than in pre-pandemic cycles, the company still has 40 per cent of its current bookings for the academic year ending in 2022.
Empiric also expects sales to be ‘significantly back ended’ as the easing of restrictions make student accommodation more appealing to those studying.
The student accommodation provider sold off an asset in
“The successful vaccination programme, the ongoing lifting of restrictions and the encouraging recent UCAS applications for the 2021/22 academic year, leave us cautiously optimistic about a return to more usual occupancy levels,” CEO
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© City AM, source