November 15, 2023
After spending the last 32 years tracking and analyzing the Boston/Cambridge (“the City”) lodging market, Pinnacle Advisory Group (“Pinnacle”) is quite comfortable forecasting top line (occupancy and ADR) revenue for the City. But projecting the future with precision can be complicated. Here’s our perspective on the City’s lodging market for 2024: Convention and Group Demand […]
August 11, 2023
After Lagging U.S. Markets, Boston Rebounds in 2023 Just 12 months ago the Boston and Cambridge lodging market was showing signs of a recovery from the pandemic, but we’re slower to recover than most markets across the country. It’s quite a different story today the city’s lodging market has not fully recovered from the devastating […]
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 […]
