2022 started with census, cash receipts and room rate revenues holding steady, retaining the gains made in 2021. Even more notable are assessment fee revenues, which are over 57% higher than same time last year. January service fees recovered from a decline that started in October after hitting a high in September. Move-outs declined in December and January, and the time to convert leads from a tour to a move-in in January was the lowest since August. However, the steady decline in tours, move-ins and inquiry, and marketing outreach activity need to be addressed before there is a negative impact on census and revenues.
