
Lack of Clear Travel Guidelines Leaves Lodging Market in Limbo
Hotels throughout New England are normally preparing for their peak season this time of year. Unfortunately, 2020 has been anything but normal.
Hotels throughout New England are normally preparing for their peak season this time of year. Unfortunately, 2020 has been anything but normal.
Lodging demand in Boston and Cambridge, similar to the rest of the U.S., is expected to experience continued growth in line with the economy, however, increases to lodging supply will negatively impact occupancy and put downward pressure on pricing power.
A new report suggests a growth in lower-end hotels in Boston could drive down a key regional profitability metric next year.