Hotel Market Set to Surpass Pre-Covid Performance – Banker & Tradesman, by Rachel Roginsky, ISHC
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 impact of the global pandemic that began in early 2020 however, hotel managers in the local lodging market are not looking back anymore. Without hesitation, it’s fair to say that the local hotel market is only slightly below pre-pandemic levels and room revenues are expected to surpass 2019 by year end 2023.
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Banker and Tradesman – May 2023 edit