Daycare versus boarding mix

Definition

The split between weekly daycare regulars and overnight boarding, which travel makes seasonal.

Why It Matters

Daycare is stickier and fills the quiet weeks; boarding spikes and troughs with the travel calendar. The mix shapes both how predictable the revenue is and what it is worth, so read them separately rather than as one number. A facility built on weekly daycare regulars has something close to a subscription, while one dependent on holidays is renting its revenue from other people's travel plans.