Occupancy
Model PBSA occupancy across the academic cycle, including summer letting.
Introduction
Who this is for: PBSA operators and investors assessing letting performance.
Why it matters: Student occupancy is binary by academic year — a bed either lets for the full contract or sits empty for twelve months. That makes the letting cycle far more consequential than in any other residential asset, and summer letting is often the difference between an average and a strong year.
Typical scenario: A 150-bed scheme with 141 beds let for the academic year and partial summer letting.
- Applying monthly void assumptions from standard residential, where PBSA voids are annual.
- Ignoring summer income, which can add 8-12% to annual revenue.
- Not tracking rebooking rate, the best leading indicator of next year’s occupancy.
Inputs
Academic Year
beds
beds
weeks
Summer & Retention
weeks
Analysis
141 of 150 beds let gives 94.0% academic occupancy and £1,023,660 of term income. Summer letting adds £85,800 (7.7% of total), bringing income to £1,109,460 — £7,396 per bed.
This analysis provides context, not financial advice. Consult a qualified adviser before making investment decisions.
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Live Results
Academic Year Occupancy
94.00%
Total Annual Income
£1,109,460
Academic Year Income
£1,023,660
Summer Income
£85,800