Cape Cod has long been one of the most popular summer destinations in the Northeast, known for its quaint, aptly named, Cape Cod-style homes and world-class seafood, along with unique lodging options. Despite some short-term headwinds, the Cape Cod hotel market is poised for long-term success.
Boston continues to strengthen on several fronts. The entrance of new lodging supply has been back in full force in recent years. This article highlights some of the major commercial and hotel developments occurring throughout Boston.
In this article, the author considers the phenomenon of supply-induced demand in the hotel industry, using the recent experience of Portland, Maine, as the case example.
Access HVS Networking Event in Cambridge reveals strengths and challenges for New England markets.
Commercial, leisure, and meeting and group demand has risen in the Boston market over the past two years, resulting in near-record occupancy levels for hotels. Though new supply is set to arrive over the next 2 years, demand is expected to hold pace.
Traditionally associated with its manufacturing trade, Guadalajara’s enhanced international standing as recent host of the Pan Am Games and site of the upcoming Digital Creative City is generating hotel demand from broader channels.
Boston’s burgeoning Waterfront District has been part of a rising tide of demand for local hotels, and expansion of the city’s convention market has created a need for thousands of additional rooms.
Starwood is using its “DNA” to reinvigorate its stable of hotel brands.
Hartford’s prime location ensures its strength in business, tourism, and other buttresses of the hotel market.
Hotel supply and customer demand are coming to an accord in key Boston districts, signaling a steady pace for the area’s lodging market in 2008.