Hotel Openings & Statistics

Pinnacle Advisory Group 2017 Year End Perspective

Hotel Occupancy / Rate / RevPar Stats: 2015 - 2017

 Boston Cambridge 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 2016-17  2016 2017   Variance
 Occupancy  80.9%  82.2%  1.1%
 Average Rate  $254.78  $258.25  3.0%
 RevPAR  $206.22  $212.25  3.0%
Source: Pinnacle Advisory Group

 

2017 Pinnacle OCC
Boston/Cambridge Hotel Occupancy has risen from 76.7% to 82.2% since 2011.


2009-2017 ADRBoston/Cambridge Hotel ADR has increased 37% since 2009.

2015-2017 Month by Month Occupancy & RevPar Comparison

Occupancy By Month   Jan  Feb  Mar Apr  May  Jun   Jul Aug   Sep  Oct Nov  Dec 
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% 63.7%
2018 Month End 63.9% 68.7% 82.5% 86.8% 88% 91.4% 90.7% 91.9%        
Average Daily Rate by Month  Jan Feb Mar Apr  May Jun Jul  Aug  Sep  Oct  Nov  Dec 
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 $175.79

2018 Month End

$170.59 $170.61 $228.66 $282.36 $263.69 $300.77 $275.49 $275.75        
Source: Pinnacle Advisory Group

 

2018-19 Hotel Projections

Pinnacle 2018-19 Hotel stats

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

  • The Alise Boston, formerly Chandler Inn, South End, 56 rooms, opened February of 2018
  • AC by Marriott, Ink Block Project, South End, 205 rooms, opened March of 2018
  • The Groton Inn, 60 rooms, opened May of 2018
  • Courtyard Marriott Boston TD Garden/North Station, 220 rooms, opened May 2018
  • AC by Marriott, Cleveland Circle, Brookline, 162 rooms, opened May 2018
  • Studio Allston Hotel, 117 rooms, opened June 2018
  • The Row, Marriott Autograph Collection, Assembly Row, Somerville, 158 rooms, opened August 2018
  • Holiday Inn Boston Logan Airport - Chelsea, 124 rooms, opened August 2018
  • Revolution Hotel, South End, 164 rooms, projected opening Q4 2018
  • Hotel 1868, Porter Square, Cambridge, 50 rooms, projected opening Q4 2018
  • Hyatt Centric, Downtown Boston, 163 rooms, projected opening Q1 2019
  • Four Seasons, Christian Science Plaza, 211 rooms, projected opening Q2 2019
  • Cambria Hotel, South Boston, 156 rooms, projected opening Q2 2019
  • Marriott Moxy Hotel, Theatre District, 346 rooms, projected opening Q2 2019
  • Encore Boston Harbor, Everett, 671 rooms, projected opening Q2 2019
  • Hampton Inn, Boston Marine Industrial Park Hotel, 253 rooms, projected opening Q2 2020
  • Homewood Suites, Boston Marine Industrial Park Hotel, 158 rooms, projected opening Q2 2020
  • 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
  • Raffles Boston Back Bay Hotel & Residences, 147 rooms, projected opening 2021
  • Omni Boston Hotel at the Seaport, South Boston, 1,055 rooms, projected opening 2021
  • Haymarket Square Hotel, 225 rooms, TBD
  • 150 Kneeland Street, Boston, 230 rooms, TBD
  • Chain Forge Hotel, Charlestown, 230 rooms, TBD