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HVS Boston Hotel Market Update: Ten Things to Know

Article - HVS Boston Hotel Market Update: Ten Things to Know - By Erich Baum - Boston is back. The three key demand channels have returned to an approximation of their pre-pandemic levels (conventions and business travel up, leisure down), and the city’s RevPAR has improved to third in the nation, supplanting Miami and various West Coast rivals. Here are ten things to know about the city.
United States Back Bay Northeastern University New York East Cambridge Erich Baum

Boston Hotel Market Update: Ten Things to Know | By Erich Baum, Brian F. Bisema and Raymond Parejo

Boston is back. The three key demand channels have returned to an approximation of their pre-pandemic levels (conventions and business travel up, leisure down), and the city’s RevPAR has improved to third in the nation, supplanting Miami and various West Coast rivals. Here are ten things to know about the city.
Back Bay United States New York Northeastern University East Cambridge Cushman Wakefield

HVS Market Report Portsmouth, NH Shakes off Pandemic-Era Rust & Shows Promise for Future

Article - HVS Market Report Portsmouth, NH Shakes off Pandemic-Era Rust & Shows Promise for Future - By Erich Baum - Situated midway between Boston and Portland, picturesque Portsmouth features a waterfront downtown with a growing hotel market. This article serves as a primer on the market’s history, recent performance, and outlook.
United States New Hampshire Rhode Island Erich Baum Lonza Biologics Pease International Tradeport

Almost Home: The Boston Hotel Market Approaches a Recovery | By Erich Baum, Brian F. Bisema and Raymond Parejo

According to STR, Boston’s revenue per available room (RevPAR) finished 2021 at roughly half the pre-pandemic 2019 level, a discouraging performance. But the city took a leap forward in 2022 and is on pace to finish the year with a RevPAR level just a shade below the pre-pandemic performance. After adjusting for inflation, these results are less significant, of course, but the turnaround still represents a huge achievement, particularly considering that the recovery is still in progress for th...
United States New York West Berkshire United Kingdom San Diego San Francisco

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