Greater Boston is a globally recognized center for higher education and healthcare, anchored by Harvard University, MIT, Massachusetts General Hospital, Dana-Farber Cancer Institute, Brigham and Women's Hospital, and Beth Israel Deaconess Medical Center. Other major industries include finance, technology, and bio-pharmacology. Boston is also a popular tourist destination and is within a short drive of many popular beaches and other inland destinations in New England. Following a pandemic-driven downturn, Boston's lodging market recovered steadily, with occupancy returning to pre-pandemic levels, and RevPAR registering 17.0% higher than the 2019 level in 2024. Although RevPAR moderated to the high $160s in 2025 amid softer travel demand and economic uncertainty, Boston maintained the third-highest RevPAR among major U.S. lodging markets. RevPAR has remained flat in 2026, as the occupancy decline was offset by an increase in ADR, largely attributed to the FIFA World Cup matches held at Gillette Stadium, bringing performance in line with the prior year. Near-term lodging performance will be influenced by factors such as the periodic closures of the Hynes Convention Center during its $100-million renovation (scheduled for completion in 2029), Boston’s 250th anniversary celebrations, and a relatively muted hotel supply pipeline.

* Although the HVI cannot tell you what a particular hotel is worth, it does provide excellent “big picture” data, indicating which market areas are experiencing positive trends, and thus may present good investment opportunities. The HVI for the U.S. is a measure of the strength of the lodging industry as a whole and, specifically, the hospitality investment market. The HVI for the various identified markets can provide a basis to evaluate and compare different geographic regions. For more insight on the limitations and applicability of the HVI, please read the message on the HVI home page by clicking on the graphic at the top of this page.

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