Boston–Cambridge–Newton MSA
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Hotel figures below are cited to their sources; other sources for this market are still being checked.
Hotel performance
Boston. Published figures, accessed 2026-11-04.
2025
- Occupancy
- 77.3%
- ADR
- $301.97
- RevPAR
- $233.54
Each figure is from the linked source for the period shown. Occupancy and ADR in a row always come from the same source and period. RevPAR marked 'our calculation' is occupancy × ADR from that same row; otherwise it is the source's own figure. Areas differ by market (city, CBD, county or metro) as labeled.
Rates
Tuesday Trends boardCaptured Tue, Nov 3, 2026. Median cheapest refundable nightly rate, 2 adults, pre-tax, across 50 hotels. Indicative Google Hotels prices; decision support, not a quote.
| Out | WeekdayMon–Thu | WeekendFri–Sun |
|---|---|---|
| 1 wk | $394 down 34% vs last Tuesday, 33 same hotels 47/50 priced 3 no rates on Google | $351 down 35% vs last Tuesday, 45 same hotels 48/50 priced 1 no rates on Google |
| 1 mo | $306 up 43% vs last Tuesday, 47 same hotels 47/50 priced 1 no rates on Google | $309 up 20% vs last Tuesday, 48 same hotels 49/50 priced 1 no rates on Google |
| 3 mo | $227 up 0.4% vs last Tuesday, 48 same hotels 48/50 priced 2 no rates on Google | $239 unchanged vs last Tuesday, 48 same hotels 48/50 priced 1 no rates on Google |
| 6 mo | $520 up 13% vs last Tuesday, 47 same hotels 49/50 priced 1 no rates on Google | $445 up 9% vs last Tuesday, 48 same hotels 49/50 priced |
| ~11 mo | $597 up 3% vs last Tuesday, 45 same hotels 46/50 priced 4 no rates on Google | $577 up 2% vs last Tuesday, 42 same hotels 44/50 priced 5 no rates on Google |
Coverage counts hotels with a refundable rate; low-confidence prices (2 or fewer sellers and no official hotel site) are left out. Thin: under 15 of 50. Week-over-week compares the same hotels both Tuesdays (median of each hotel's change, shown when 15+ hotels compare). ● 10+ no rates on Google at 1 wk. At ~11 months, no rates largely reflect Google's ~330-day pricing limit.
Signals
23 citedBoston tax & CVB: Collections and DMO budget
Boston local room occupancy excise: $144.6M actual (FY24); $134.5M budget (FY25); $148.8M budget (FY26; the narrative says $148.5M)…
Boston tax & CVB: Lodging tax stack (City of Boston)
MA state room occupancy excise: 5.7% · Commonwealth · FY26 Boston local option room occupancy excise: 6.5% · City General Fund · FY26
Boston debt & deals: CMBS / SASB loans
InterContinental Boston, NCMS 2018-SOX (Extell): $110.0M fixed IO trust loan + $65M B note + $90M mezz outside the trust · Performing.
Boston debt & deals: Named hotel transactions 2025–2026
The Godfrey Hotel (505 Washington St, Downtown Crossing): closed 2026-04-27 · Lifestyle Hospitality Capital (London; B&T).
Boston pipeline: Named projects
The Atlas Hotel, 40 Western Ave: 246 · Opened 2026-01-28 · Allston · Delivered
Boston pipeline: Stage rollup (Wronka, Jan 2026 report)
UC: 13 · 1,556 Final planning: ~20 · 2,199 Proposed: 2,856 Opened in report year: 4 · 407 (+106 scheduled).
Boston supply-pressure score 2/5
2 / 5 (supply tailwind). UC intensity: 1.8%, below the U.S. ~2.5%
Boston supply: Latest pulse
C&W Q2 2026 (STR/CoStar): OCC 77.0%, ADR $273, RevPAR $210 (+2.8%); supply +1.8%
Boston supply: Submarket basemap (v0)
Boston CBD / Airport: Highest development concentration; >2x Cambridge/Waltham
Boston supply: Snapshot
Existing rooms: ~62,737 (~63,000) · Jan 2026 report Implied rooms (STR market): ~61,770 (Q2 supply room-nights ÷ 91, derived) · Q2 2026
Boston talent: 5. Gaps (no public read)
Local 26 current hourly scale & exact expiry: No public read
Source: No linked public source (reviewed 2026-10-11) · no public read
Boston talent: 3.2 Pre-open risk — named openings (no pipeline review yet)
Strider Hotel, Curio (Boston Landing): 170–175 · 2027 · HHM · Med: lifestyle F&B + new neighborhood; GM search live → named GM ≥12 mo…
Boston talent: 3. Operator bench
Pyramid Global Hospitality (HQ 30 Rowes Wharf, Boston): M + AM (§2.3) · Corporate HQ in MSA = home-market float for openings/transitions…
Boston talent: 2. Build talent (summary)
Boston–Cambridge–Nashua NECTA construction (mining/logging/construction): 123,500 → 126,000 (+2,500, +2%) · Aug 2025 → Aug 2026
Boston talent: 1.1 BLS OEWS — hotel occupations (MSA)
Maids & housekeeping cleaners (all industries) (37-2012): 10920 · $18.98 · $20.85
Boston talent: 1. Wage floor
Massachusetts minimum wage: $15.00/hr; tipped service rate $6.75 (tips must lift to $15) · current 2026
Boston 90-day compression calendar (Oct 12 2026 → Jan 10 2027)
2026-10-12 → 2026-10-21: BCEC/Hynes medical-tech stack: AHCA/NCAL, Patient Safety Congress, ASCO Quality, Veeva R&D, AdvaMed MedTech…
Boston drive + attraction demand anchors
Drive catchment: New England via I-90/I-93/I-95; NYC via I-95 plus Amtrak NEC (rail substitute); Montreal/Quebec drive market (Canada hole)
Boston group / citywide demand calendar
Oct 12–13, 2026: AHCA/NCAL Convention (BCEC) · no public read
+1 more source
- Dec 10, 2026 — success.events ↗secondary
Boston visitation / demand volume
Domestic visitors 2025: 38.7M (Longwoods) (2026 (page fetched 2026-10-11); source:
Boston REIT ownership (Tier 1): 5,327 rooms, 4 REITs
Rooms owned: PEB 1,965 (37%); PK 1,536 (29%); HST 1,496; APLE 330.
World Cup 2026 post-Cup demand read — Boston (host)
World Cup 2026 (Jun 11–Jul 19) — host market. Key numbers (lift vs hype): HVS (custom market incl.
History
Airport passengersJul 2026: 2.0M passengers, −0.7% YoY
Passengers boarding flights (enplanements), all carriers, at Boston, MA: Logan International (BOS).
| Month | Passengers | YoY |
|---|---|---|
| Jul 2026 | 2,007,396 | −0.7% |
| Jun 2026 | 1,906,819 | −1.9% |
| May 2026 | 1,862,479 | −1.0% |
| Apr 2026 | 1,843,127 | +1.3% |
| Mar 2026 | 1,662,753 | −1.5% |
| Feb 2026 | 1,337,545 | −3.6% |
| Jan 2026 | 1,289,415 | −5.0% |
| Dec 2025 | 1,706,968 | −3.2% |
| Nov 2025 | 1,591,493 | −4.9% |
| Oct 2025 | 1,944,905 | −1.7% |
| Sep 2025 | 1,745,566 | −3.7% |
| Aug 2025 | 1,995,186 | −2.9% |
| Jul 2025 | 2,021,861 | −0.6% |
Show yearly (2015–2025)
| Year | Passengers | YoY |
|---|---|---|
| 2025 | 21,083,398 | −0.7% |
| 2024 | 21,231,442 | +6.4% |
| 2023 | 19,953,058 | +14.5% |
| 2022 | 17,432,694 | +59.7% |
| 2021 | 10,917,523 | +80.8% |
| 2020 | 6,039,103 | −70.8% |
| 2019 | 20,686,410 | +3.5% |
| 2018 | 19,992,126 | +6.7% |
| 2017 | 18,732,868 | +5.8% |
| 2016 | 17,713,240 | +8.6% |
| 2015 | 16,311,924 | — |
Lodging jobs & wages2024 (latest published for metro areas): 26,550 jobs, +4.2% YoY
Accommodation (NAICS 721), private sector, Metro area (BLS area code C1446). Employment and wages at hotels and other lodging, a public proxy for lodging activity. Not occupancy, ADR or RevPAR. Each market uses one industry level across all years shown.
| Year | Jobs | YoY | Wages | Estab. |
|---|---|---|---|---|
| 2024 | 26,550 | +4.2% | $1,556.1M | 658 |
| 2023 | 25,488 | +8.5% | $1,439.8M | 662 |
| 2022 | 23,489 | +31.1% | $1,260.7M | 671 |
Show yearly (2015–2024)
| Year | Jobs | YoY | Wages | Estab. |
|---|---|---|---|---|
| 2024 | 26,550 | +4.2% | $1,556.1M | 658 |
| 2023 | 25,488 | +8.5% | $1,439.8M | 662 |
| 2022 | 23,489 | +31.1% | $1,260.7M | 671 |
| 2021 | 17,923 | −1.8% | $853.4M | 652 |
| 2020 | 18,258 | −37.4% | $785.8M | 660 |
| 2019 | 29,175 | +11.2% | $1,300.9M | 657 |
| 2018 | 26,236 | +1.9% | $1,078.6M | 638 |
| 2017 | 25,737 | +1.8% | $1,035.2M | 624 |
| 2016 | 25,290 | +1.1% | $989.1M | 616 |
| 2015 | 25,018 | — | $962.1M | 604 |
Per-year files: 2024 ↗ · 2023 ↗ · 2022 ↗ · 2021 ↗ · 2020 ↗ · 2019 ↗ · 2018 ↗ · 2017 ↗ · 2016 ↗ · 2015 ↗
Sources: U.S. Bureau of Transportation Statistics, T-100 via TranStats (Passengers data element) ↗, airports BOS, Jan 2015–Jul 2026, accessed 2026-11-04. BTS publishes T-100 airport data about three months after the month ends; the latest month here is the newest BTS had posted when accessed. U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages ↗, annual averages, accessed 2026-11-04; withheld years left out.
Hotel-tax collections
newest first · 4 periodsBoston local room occupancy excise, annual — FY2025 (Jul 2024–Jun 2025)
Amount: $147,088,220 · YoY: +1.7% (computed). Basis: budgetary actual; FY Jul–Jun.
Boston local room occupancy excise, annual — FY2024 (Jul 2023–Jun 2024)
Amount: $144,629,614 · YoY: +11.9% (computed). Basis: budgetary actual; FY Jul–Jun.
Boston local room occupancy excise, annual — FY2023 (Jul 2022–Jun 2023)
Amount: $129,271,291 · YoY: n/a. Basis: budgetary actual; FY Jul–Jun.
Boston hotel-tax series — gaps
Boston hotel-tax series gaps (as of 2026-10-11): Monthly: the MA DLS "Rooms and Meals Tax Liabilities by Month" report (DLS Gateway report…
Source: Official publishers (gap note; no public read) · no public read
Assets
none yetWho owns here
22 REIT-owned hotels · APLE, CLDT, DRH, HST, INN, PEB, PK, RLJ, SHO- Boston Marriott Copley Place1,145 roomsHST
- The Westin Copley Place, Boston803 roomsPEB
- Westin Boston Seaport District793 roomsDRH
- Hilton Boston Logan Airport604 roomsPK
- Hyatt Regency Boston502 roomsPK
- Marriott Boston Long Wharf415 roomsSHO
- The Dagny Boston403 roomsDRH
- Revere Hotel Boston Common356 roomsPEB
+14 more REIT-owned hotels in Boston
- The Westin Waltham BostonWaltham, MA351 roomsHST
- Wyndham Boston Beacon Hill304 roomsRLJ
- The Liberty, a Luxury Collection Hotel, Boston298 roomsPEB
- Embassy Suites Boston WalthamWaltham, MA275 roomsRLJ
- Hyatt Regency Boston Harbor270 roomsPEB
- Hampton Inn RevereRevere, MA250 roomsINN
- W Boston238 roomsPEB
- AC Hotel Boston Downtown205 roomsRLJ
- Residence Inn by Marriott WatertownWatertown, MA150 roomsINN
- Hilton Garden Inn WalthamWaltham, MA148 roomsINN
- Residence Inn MarlboroughMarlborough, MA112 roomsAPLE
- Hampton WestfordWestford, MA110 roomsAPLE
- Residence Inn WestfordWestford, MA108 roomsAPLE
- Residence Inn DedhamDedham, MA81 roomsCLDT
Recorded REIT transactions (comps)
From REIT filings; this list may be incomplete.