Skip to main content

Market Report

Boston Hospitality Market Report

Midyear 2022

Convention Activity on Path to Recovery;
Sports Franchises Pour Millions into Development

Conferences and trade shows lift demand outlook. Following omicron headwinds earlier this year, business travel resumes a return to historical levels. Boston convention attendance in 2022 is forecast to rise to roughly 90 percent of the 2019 equivalent. Bookings generated by the 20 large-scale events scheduled for the metro’s two convention centers this year will translate to a continued occupancy recovery. The metro’s rate should reach within 10 percent of the pre-pandemic level by the end of this year, aided by a tempered construction pipeline that will minimize new competition for existing hotels. However, 2026 World Cup matches at Gillette Stadium could spur an uptick in suburban hotel construction near the venue.
MM Texture Background