Greater Boston is one of the world's most well-known intellectual centers, home to both Harvard University and Massachusetts Institute of Technology (MIT), as well as numerous other universities and colleges. The medical industry also plays a vital role, encompassing world-class hospitals, such as Massachusetts General, Dana Farber, Brigham & Women's, and Beth Israel Deaconess. 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. After the city’s lodging market was hit hard by the pandemic; recovery was steady; by year-end 2024, occupancy rebounded to pre-pandemic levels in the mid-70s, and ADR surpassed $230, resulting in a RevPAR roughly 17.0% higher than the 2019 level. In 2025, RevPAR softened to the high $160s, reflecting economic uncertainty and moderating travel demand. Even so, Boston maintained the third-highest RevPAR among major U.S. markets. Looking ahead, 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), the FIFA World Cup at Gillette Stadium, 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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