April 16, 2019
One of Boston’s long-standing traditions, the Boston Marathon, will take place the third week of April this year drawing around 30,000 registered runners, both amateur and professional, and over 500,000 spectators made up of vendors, volunteers, staff, and media from all over the world. Hosted by the Boston Athletic Association (B.A.A.), it is the world’s […]
Representatives of Colleges and Universities from across the country gathered at the Inn at Villanova University recently to discuss the state of the lodging industry. Participants included small liberal arts colleges like Williams College and Colby College, large Ivy League schools like Harvard, and state colleges such as the University of Virginia, Penn State, and […]
March 3, 2019
There are 80 proposed hotels and 5 expansions totaling roughly 12,000 rooms planned for development in the greater Silicon Valley area. Worse case, with 31,000 hotel rooms today, there could conceivably be a 39% increase in supply. Is it time to hit the panic button? Since 2000, the two largest surges of new supply occurred […]
November 13, 2018
Following a weak second quarter which featured monthly declines in occupancy and rate declines in both April and May, the Boston & Cambridge lodging market bounced back in the third quarter driven by considerable demand and average daily rate (ADR) in August and September. A solid base of group demand helped to increase compression and […]
August 8, 2018
Wellness Article – Hotel News Now – Featuring Matthew Arrants, ISHC, CHAM How hotels are investing in wellness Matthew Arrants, EVP of Pinnacle Advisory Group, said he appreciates a lot about the shift to greater wellness in the hotel industry, but there’s really one thing it comes down to for him. “As an asset manager, […]
July 20, 2018
Ever since it was first settled and incorporated as a tiny village back in 1849, Tampa’s population has shown a remarkably consistent growth trajectory with its subtropical climate, affordability, and robust local economy continuing to attract new residents from far and wide. Mirroring this population increase is the number of annual visitors making their way […]
March 25, 2018
Mirroring the US national lodging market’s eight straight years of demand growth, the Boston and Cambridge lodging market recorded an occupancy of 82.2% in 2017, its highest in history. Average daily rate (ADR) increased 1.4% to $258, another market record. Driven more by occupancy than rate, the resulting market revenue per available room (RevPAR) increased […]
October 24, 2017
Through the third quarter, revenue per available room (RevPAR) in the Boston and Cambridge lodging market has grown 2.8% over the same time last year and the remaining three months will only help boost this performance further. Although the market’s RevPAR declined in 2016 for the first time in six years, market dynamics have improved […]
July 6, 2017
Colleges and Universities that own hotels are different than “typical” hotel owners: they are the largest demand generator for the facilities that they own; often times they are not entirely profit driven; and they’re not experts in the lodging business. On-campus lodging is often given little attention until the subject is raised by a trustee […]
May 18, 2017
Operators began 2016 with the understanding that the city’s group booking pace was off following a strong 2015 and that the market would experience its largest increase to rooms supply since 2003. When transient rates began to soften in the spring, it became clear that the market would not see a seventh year of revenue […]
