Boston area hotels experienced an 18.1 percent increase in Revenue Per Available Room (RevPAR) in November 2010 compared to the same time last year, according to a report from Colliers PKF Consulting.

The report found out that the 72 Boston area hotels sampled experienced an 11.1 percent increase in Average Daily Rate (ADR) and a 6.2 percent occupancy in November 2010 compared to November 2009. Luxury hotels with ADR’s over $200 experienced the greatest RevPAR gain of 27.2 percent while the more moderate $150 to $200 ADR sector experienced the least RevPAR increase at 6.8 percent.

Occupancy levels attained in the immediate Boston area ranged between 68.8 percent and 72.1 percent and the occupancy levels achieved by the suburban Route 128 and I-495 hotels were 49.8 percent to 58.6 percent in November, according to the report.

The greatest improvements in ADR, occupancy and resulting RevPAR increases occurred in Downtown Boston, Cambridge and Route 128 sectors, all with double-digit RevPAR improvements. Back Bay and the Route 495 sectors also had recoveries in the 9 percent range.

 

Report: Boston Area Hotel Revenue Experiences Increase

by Banker & Tradesman time to read: 1 min
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