Survey of College Practices in Renting Out Facilities for Camps, Conferences & Special Events 2023
We asked: how much revenue did the college accrue in the past year from renting out rooms from surplus dorm or other school housing space that was unoccupied by students in the past college academic year?
The median was just $1,150 and the mean was nearly $3 million. However, the wording of this question, which did not specify the meaning of the word “surplus” so that some survey participants included rental income from the return or students from the pandemic, rather than just the rental of rooms that are typically surplus in a normal year.
This exhaustive study presents data and commentary from 25 American colleges and universities about their current efforts to rent out their facilities for extra income. The study covers a broad range of activities, including detailed data on overall income last year and expected for this academic year, as well as comparisons with this year compared to the last pre-Covid year. The study also looks at activities during the COVID full or partial shut down period and how it impacts current activities.
The report explores income potential from weddings and other celebratory events, sports camps, general camps for children, computer facilities rental, corporate and academic events hosting and much more. It also looks at trends in the seasonal distribution of income, relating the percentage of overall income from summer, academic year and spring and winter break periods. It also looks at the income potential of programs for the elderly, for education-oriented travel, and for the renting out of surplus dormitory and office space.
- Table 1.1 Does your college have one or more conference centers that it occasionally rents out to parties from outside the college?
- Table 1.2 Does your college have one or more conference centers that it occasionally rents out to parties from outside the college? Broken out by public or private college
- Table 1.3 Does your college have one or more conference centers that it occasionally rents out to parties from outside the college? Broken out by type of college or Carnegie class
- Table 1.4 Does your college have one or more conference centers that it occasionally rents out to parties from outside the college? Broken out by enrollment
- Table 1.5 Does your college have one or more conference centers that it occasionally rents out to parties from outside the college? Broken out by tuition, $ 43
Research Assistance
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook