Hotel Openings & Statistics
2019-2021 Month by Month Occupancy & ADR Comparison
| Occupancy By Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2020 Month End | 66.8% | 73% | 30.2% | 5% | 5.5% | 7.1% | 13.8% | 20.3% | 25.23% | 29% | 19.9% | 16.9% |
| 2021 Month End | 17% | 20.5% | 24.4% | 31.4% | 38.6% | 45% | 59.1% | 63% | 62.5% | 70.3% | 57.5% | 49.9% |
| 2022 Month End | 35.8% | 47.9% | 62.9% | 72.7% | 77.4% | 81.8% | 80.7% | 79.7% | 83.8% | 82% | 70.2% | 56.6% |
| 2023 Month End | 53.4% | 59.1% | 74.3% | 77% | 83.9% | 85.7% | 85.2% | 86% | 86.4% | 88.5% | 73.9% | 60.60% |
| 2024 Month End | 54.8% | 65.1% | 76.9% | 81% | 83.80% | 87.20% | 86.30% | 85.2% | 83% |
| Average Daily Rate by Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|
2020 |
$170.43 | $180.15 | $202.77 | $128.35 | $110.47 | $140.45 | $151.28 | $153.60 | $141.03 | $139.99 | $128.98 | $129.32 |
| 2021 Month End | $127.16 | $130.36 | $135.88 | $147.24 | $176.32 | $196.80 | $219.31 | $237.28 | $257.47 | $285.34 | $210.94 | $180.72 |
| 2022 Month End | $161.02 | $173.97 | $221.00 | $271.24 | $327.72 | $326.54 | $292.5 | $286.62 | $331.51 | $342.12 | $264.72 | $205.2 |
| 2023 Month End | $186.38 | $192.77 | $249.02 | $304.39 | $334.28 | $331.79 | $301.21 | $296.37 | $339.93 | $371.74 | $276.32 | $211.69 |
| 2024 Month End | $189.49 | $206.84 | $254.78 | $315.40 | $335.37 | $320.14 | $310.3 | $364.08 |
Year End 2019 Hotel Statistics: 82.5% Occupancy | $261.31 ADR | $215.61 RevPAR
Year End 2020 Hotel Statistics: 25.6% Occupancy | $160.54 ADR | $41.08 RevPAR
Year End 2021 Hotel Statistics: 45.4% Occupancy | $212.33 ADR | $96.34 RevPAR
Year End 2022 Hotel Statistics: 69.4% Occupancy | $278.70 ADR | $193.52 RevPAR
Year End 2023 Hotel Statistics: 76.4% Occupancy | $292.05 ADR | $223.03 RevPAR
Source: Pinnacle Advisory Group
2021-2024 Hotel Openings & Projections
Hotel openings in 2021
- Hampton Inn, Boston Marine Industrial Park Hotel, 253 rooms, opened Q2 2021
- Homewood Suites, Boston Marine Industrial Park Hotel, 158 rooms, opened Q2 2021
- Omni Boston Hotel at the Seaport, South Boston, 1,055 rooms, opened Q3 of 2021
Hotel opening in 2022-24
- Hilton Canopy, Faneuil Hall, 212 Rooms, opened Q2 2022
- Raffles Hotel, Back Bay, 147 rooms, opened Q3 2023
- citizenM, Back Bay, 399 rooms, opened Q3 2024