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Hotel Openings & Statistics


2019-2021 Month by Month Occupancy & ADR Comparison

Occupancy By Month   Jan  Feb  Mar Apr  May  Jun   Jul Aug   Sep  Oct Nov  Dec 
2019 Month End 62.8% 73% 81.1% 87.9% 87.7% 89.8% 90.1% 88.7% 89.3% 90.2% 79.9% 70%
2020 Month End 66.8% 73% 30.2% 5% 5.5% 7.1% 13.8% 20.3% 25.23% 29% 19.9% 16.9%
2021 Month End 17% 20.5% 24.4% 31.4% 38.6% 45% 59.1% 63% 62.5% 70.3% 57.5% 49.9%
2022 Month End 35.8% 47.9%                    

 

Average Daily Rate by Month  Jan Feb Mar Apr  May Jun Jul  Aug  Sep  Oct  Nov  Dec 

2019 Month End

$168.94 $175.19 $222.71 $285.91 $311.93 $312.91 $281.02 $267.47 $309.39 $311.88 $236.25 $182.08

2020
Month
End

$170.43 $180.15 $202.77 $128.35 $110.47 $140.45 $151.28 $153.60 $141.03 $139.99 $128.98 $129.32
2021 Month End $127.16 $130.36 $135.88 $147.24 $176.32 $196.80 $219.31 $237.28 $257.47 $285.34 $210.94 $180.72
2022 Month End $161.02 $173.97                    

Year End 2019 Hotel Statistics: 82.5% Occupancy | $261.31 ADR | $215.61 RevPAR

Year End 2020 Hotel Statistics: 25.6% Occupancy | $160.54 ADR | $41.08 RevPAR

Year End 2021 Hotel Statistics: 45.4% Occupancy | $212.33 ADR | $96.34 RevPAR

Source: Pinnacle Advisory Group

 

2019-2022 Hotel Openings & Projections

 

Hotel openings in 2019

  • Residence Inn by Marriott, Roxbury, 108 rooms, opened January 2019
  • Hyatt Centric, Downtown Boston, 163 rooms, opened February 2019
  • Hotel 1868, Porter Square, Cambridge, 50 rooms, opened in May 2019
  • Four Seasons, One Dalton St, 215 rooms, opened in May 2019
  • Encore Boston Harbor, Everett, 671 rooms, opened in June 2019
  • The Whitney, Beacon Hill, 87 rooms, opened in July 2019
  • Cambria Hotel, South Boston, 156 rooms, opened in fall 2019
  • Marriott Moxy Hotel, Theatre District, 346 rooms, opened in fall 2019
  • citizenM Hotels, Hub on Causeway, TD Garden, 260 rooms, opened in fall 2019

Hotel openings in 2020

  • 907 Main, Cambridge, 67 rooms, opened Q3 of 2020
  • Home2 Suites, Dorchester, 130 rooms, opened Q3 2020
  • Hyatt Place, South Boston, 294 rooms, opened Q3 2020

Hotel openings in 2021 & 2022

  • Hampton Inn, Boston Marine Industrial Park Hotel, 253 rooms, opened Q2 2021
  • Homewood Suites, Boston Marine Industrial Park Hotel, 158 rooms, opened Q2 2021
  • Omni Boston Hotel at the Seaport, South Boston, 1,055 rooms, opened Q3 of 2021
  • Boutique hotel at Boston Landing, Brighton, 175 rooms, projected opening Q3 of 2022
  • Hilton Canopy, Faneuil Hall, 212 Rooms, projected opening Q3 of 2022
  • Raffles Hotel, Back Bay, 147 rooms, projected opening Q4 2022