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 had reached pre-pandemic levels in the mid-70s, and ADR had surpassed $230, resulting in a RevPAR approximately 17.0% higher than the 2019 level. Boston's RevPAR registered third in the nation, supplanting Miami and various West Coast rivals. Thus far in 2025, occupancy has remained relatively flat, tempered by the impact of new federal policies and economic uncertainty, particularly affecting business and leisure travel; meanwhile, ADR has increased modestly. The temporary periodic closures of the Hynes Convention Center while it undergoes a $100-million renovation (to be completed by 2029), offset by the muted hotel supply pipeline, are factors that will  influence occupancy.

* 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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