The Hotel Market in Boston And Ten Other Cities: the Outlook for Boston to the Year 2005
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$86.89 $84.10 n.a. 6 Washington D.C. $94.00 $103.75 $109.95 $113.00 $118.50 3 PKF National Avg. $66.73 $74.83 $77.45 $77.74 $81.17 Note: • Estimated for the full year based on mid - year data for all cities except Boston. where the rate Is actual for 1991. Other cities actual rates were not yet available. Source: PKF Consulting. "Trends In the Hotel Industry" Annual Forecasts. 1988-1991 and BRA Research Department. FIGURE 4. OCCUPANCY AND AVERAGE ROOM RATES IN SELECTED CITIES, 1990 $130.00 -i -...New York $120.00 - ■Boston $110.00 - ■Washington D.C. ■San Franc isco $100.00 - $90.00 - ■Philadelphia ■Toronto $80.00 - ■Chicago PKF National Average ■ ■ Los Angeles $70.00 - ■Dallas ■Atlanta $60.00 - ■Houston i i I ' I 1 | $50.00 -■■1 1 1 1 1 t 60% 62% 64% 66% 68% 70% 72% 74% Source: PKF Consulting and Boston Redevelopment Authority, Research Department. Boston Redevelopment Authority - June 1992 The Hotel Market in Boston and Ten Other Cities The Downtown Boston Hotel Market Compared with Six Other Downtowns Although fewer tourists and business visitors came to the Boston area during 1991, the hotel market remained strong.
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