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Boston hotels were decimated by the coronavirus pandemic last year, underperforming their peers in other cities, bringing down one of the nation’s priciest places to visit.
Visitors in 2019 paid on average $199 a night in Boston, a rate only behind New York City, Oahu and San Francisco, according to hospitality research firm STR. The city ended 2020 with an average rate of $122 a night.
Combined with an occupancy rate of 33%, a decline of nearly two-thirds of 2019 levels, revenues per available room in Boston dropped 71.3%, the worst decline among STR’s top 25 hospitality markets.
Hoteliers are weathering the storm and tentatively waiting for a pandemic-fueled return to travel fueled by conventions, events and even large graduations permitted once the state deems appropriate. Large gatherings, in Gov. Charlie Baker’s Phase 4 plan of reopening, appear far off as events have gone virtual, sports remain fanless and spring…
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