February 21, 2023
Despite a slow start in the first Quarter 2022, the Boston & Cambridge lodging market ramped up quickly, and by year end, the Revenues Per Available Room (RevPAR) reached a 90% index compared to its 2019 (pre-covid) top line performance. Like many urban gateway cities, the city struggled in its recovery from the negative effects […]
January 20, 2023
Boston-area hotel leaders are finally seeing room for optimism. Boston Harbor Hotel General Manager Stephen Johnston. As we approach three years since the pandemic began, hotel occupancy rates continue to slowly come back. Relatively big progress was made in 2022, hotel managers said, and they’re optimistic about the new year. Signs mandating mask-wearing are few […]
December 18, 2022
Global Investors Rank Boston as Top 3 Market By Steve Adams | Banker & Tradesman Staff The new owners of the former Loews Boston hotel are targeting “bleisure” travelers who combine business trips with sightseeing after acquiring the property for $117 million in August and announcing $20 million in upgrades. Shuttered hotels and skeleton-crew staffs are fading […]
June 21, 2022
From left to right: Chandler Williamson, Senior at North Carolina Central University; Rachel Roginsky, ISHC, Owner of Pinnacle Advisory Group Inc.; and Morgan Best, Junior at Virginia State University. New York — June 21, 2022 — This month, hospitality leaders across the industry joined forces to launch the first-ever Celebrating Diversity Scholarship – paving the […]
February 22, 2022
Despite a slow start to the New Year, the Boston & Cambridge lodging market should pick up speed as spring rounds the corner. Like many urban gateway cities, the market has struggled in its recovery from the negative effects of the pandemic. While leisure demand came roaring back once many of the government mandates and […]
August 5, 2021
Despite uncertainties surrounding corporate travel and the return to the office, as well as the Delta variant and the potential for mask mandates and other state or federal restrictions, the Boston & Cambridge lodging market continues to climb a wall of worry. Driven primarily by domestic leisure travel, the market has experienced strong month-over-month gains […]
April 28, 2021
Move Collectively Broadens Service Offerings to Provide Additional Asset Management and Advisory Services to Current and Future Clients BOSTON, April 28, 2021—Officials of CHMWarnick, the leading hotel asset management and owner advisory services company, and Pinnacle Advisory Group, a premier national hospitality consulting firm and women-owned business, today announced the formation of a strategic alliance. […]
April 27, 2021
Tech companies were among the first employers to cancel meetings and halt travel as news of COVID-19 emerged from China. After first restricting international travel in February, most companies had restricted nonessential domestic travel by early March. Amazon and Facebook were conducting job interviews by video calls, and Twitter issued work-from-home orders well before counties […]
January 20, 2021
With large increases to its rooms supply and a heavy reliance on corporate and group travel, the Boston market faces an uphill battle in its recovery. The travel and leisure industry has finally wrapped up 2020; a year like no other, with hotels enduring devastating declines to demand and revenue, job losses across the industry, […]
December 14, 2020
Article featured in Banker & Tradesman, November 30, 2020 The Boston & Cambridge lodging has ranked as one of the best performing markets in the country the last few years. Market occupancy was 82.3% in 2019, the seventh consecutive year above 80%. However, as a result of the ongoing pandemic and its impact to the […]
