Hotels Benefit from Business Travel Rebound
Our outlook remains optimistic for the Boston market, fueled by group and convention travel, as well as an increase in global tourism and the absence of any significant new hotel developments.
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.
Local Lodging Markets Slows, Echoing National Trends
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.
