The hub of New England's economy, 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 many 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. The city's hotel market was hit hard by the pandemic; however, the recovery has been steady, and the 2024 trends reflect a continued strengthening of occupancy and ADR. The market's occupancy reached the mid-70s in 2024, similar to the pre-pandemic level, with ADR surpassing $230 that year. Moreover, Boston's RevPAR improved to third in the nation, supplanting Miami and various West Coast rivals. With a construction pipeline that is all but empty, near-term prospects for existing hotels are strong.

* 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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