
This presentation reviews national lodging trends and provides an outlook for the Suburban Boston and the Boston & Cambridge lodging markets. The analysis highlights an industry that has largely recovered in terms of ADR, while occupancy and corporate travel continue to gradually rebuild in a hybrid work environment. Suburban markets are seeing improving occupancy driven by corporate travel recovery and strong leisure demand, though office market weakness and supply shifts remain key considerations. In Boston and Cambridge, demand growth is supported by conventions, international visitation, and major events, with continued ADR growth expected as the market stabilizes heading into 2025.