Tuesday, May 11, 2021

Boston hotels, gutted by the pandemic, may take years to rebound

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BOSTON (AP) — Hotels in the Boston area were hit harder by the coronavirus pandemic than just about any other major U.S. city, and the recovery could take years, hospitality industry officials said.

The occupancy rate in Boston and Cambridge fell to less than 26% last year, driving revenue per available room — the performance measure used in the industry — down more than 80%, according to the hotel consultant Pinnacle Advisory Group, The Boston Globe reported Monday. Only New York fared worse.

The area’s hotels are projected to hit 42% occupancy this year, half of what it was in 2019, while hotel revenues aren’t expected to get back

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