Boston Hotel Trends Report - Q1 2017
Greater Boston hotels reported decreased RevPAR results for January 2017. The 100 hotel operators in the CBRE Hotels Trends® in the Hotel Industry sample for the greater Boston area achieved an average 59.0 percent occupancy at a $158.46 average daily rate (ADR) with a resulting $93.47 revenue per available room (RevPAR). These performance levels represented a 1.3 percent decrease in occupancy, a 2.3 percent decrease in ADR, and an overall 3.6 percent decrease in RevPAR for January 2017 as compared to January 2016.
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