Hotel Openings & Statistics

Hotel Occupancy / Rate / RevPar Stats and Projections

 Boston Cambridge 2014-15 2014   2015  Variance
 Occupancy  81.6%   81.6%  0%
 Average Rate  $238.55  $254.06  6.5%
 RevPAR  $194.65  $207.00  6.8%
 Boston Cambridge Projections 2015-16  2015 2016   Variance
 Occupancy  81.6%  80.9%  -0.7%
 Average Rate  $254.06  $254.78  0%
 RevPAR  $207.06  $206.22  -.05%
 Boston Cambridge Projections 2016-17  2016 2017   Variance
 Occupancy  80.9%  81%  .1%
 Average Rate  $254.78  $262.42  3.0%
 RevPAR  $206.22  $212.56  3.0%
Source: Pinnacle Advisory Group

 

Pinnacle Occupancy
Boston/Cambridge Hotel Occupancy has risen from 76% to 81% since 2010.


Pinnacle ADR

Boston/Cambridge Hotel ADR has increased 34% since 2010.

 

2015-2017 Month by Month Occupancy & RevPar Comparison

Occupancy By Month   Jan  Feb  Mar Apr  May  Jun   Jul Aug   Sep  Oct Nov  Dec 
2015 Month End 65% 67%  84% 83.4% 87.8% 90.3% 92% 90.6% 89.3% 89.6% 78.6% 62.6%
2016 Month End 63.3% 65%  76.9%  87% 84.2% 90.6% 91.7% 90.8% 89.3% 88% 78.4% 62.8%
2017 Month End 61.7% 67% 80.3% 88.3% 89% 91.8% 90.4% 89.7% 88.8% 91.4% 81.2%  
Average Daily Rate by Month  Jan Feb Mar Apr  May Jun Jul  Aug  Sep  Oct  Nov  Dec 
2015 Month End $173.16 $180.51 $226.07 $261.12 $288.04 $286.77 $274.18 $261.48 $288.94 $308.32 $246.78  $185.19 
2016 Month End $178.44 $178.80  $222.41  $275.02 $283.71 $286.63 $264.60 $263.02 $301.90 $305.43 $251.03 $182.71
2017 Month End $172.47 $173.80 $226.10 $266.54 $300.86 $287.53 $274.74 $265.36 $288.74 $316.60 $243.00  
Source: Pinnacle Advisory Group

 

Hotels opened in 2016:

  • Element Boston Seaport, South Boston, 180 rooms, opened January 14, 2016
  • The Godfrey Hotel, Downtown Crossing, 242 rooms, opened February 3, 2016
  • Aloft Boston Seaport, South Boston, 330 rooms, opened February 4, 2016
  • AC Hotel Boston North, Station Landing, Medford, 152 rooms, opened March 1, 2016
  • Beauport Hotel, Gloucester, 96 rooms, opened June 13, 2016
  • Homewood Suites by Hilton Boston/Brookline, 130 rooms, opened August 10, 2016
  • AC by Marriott Hotel, Cambridge Discovery Park, 150 rooms, opened September 30, 2016
  • Porter Square Hotel, 65 rooms, opened November 2, 2016
  • Hilton Garden Inn, Patriot Place, 136 rooms, opened November 4, 2016

Hotels opened in 2017:

  • Hilton Homewood Inn & Suites, Boston Logan Airport, 152 rooms, opened March 15
  • Envision Boston Hotel, Everett, 101 rooms, opened April 5 
  • Freepoint Hotel, Cambridge, 121 rooms, opened on April 12, 2017.
  • YOTEL, Seaport District, 326 rooms, opened June 22

Hotels opening in 2018 & beyond

  • AC by Marriott, Ink Block Project, South End, 205 rooms, projected opening Q1 of 2018
  • Courtyard Marriott Boston TD Garden/North Station, 220 rooms, projected opening Q1 2018
  • Marriott Autograph Collection, Assembly Row, Somerville, 159 rooms, projected opening Q2 2018
  • AC by Marriott, Cleveland Circle, Brookline, 162 rooms, projected opening Q3 2018
  • Hyatt Centric, Downtown Boston, 163 rooms, projected opening Q3 2018
  • Four Seasons, Christian Science Plaza, 211 rooms, projected opening Q4 2018
  • Cambria Hotel, South Boston, 156 rooms, projected opening Q1 2019
  • Marriott Moxy Hotel, Theatre District, 346 rooms, projected opening Q2 2019
  • Wynn Boston Harbor, Everett, 671 rooms, projected opening Q2 2019
  • Hampton Inn, Boston Marine Industrial Park Hotel, 253 rooms, projected opening Q2 2019
  • Homewood Suites, Boston Marine Industrial Park Hotel, 158 rooms, projected opening Q2 2019
  • Boutique hotel at Boston Landing, Brighton, 175 rooms, projected opening 2020
  • CitizenM Hotels, Hub on Causeway, TD Garden, 260 rooms, projected opening 2020
  • Hyatt Place, South Boston, 294 rooms, projected opening 2020
  • Omni Hotel near BCEC, South Boston, 1,054 rooms, projected opening 2021