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1997 Citywide Hotel Study PowerPoint Presentation
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1997 Citywide Hotel Study - PowerPoint PPT Presentation


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1997 Citywide Hotel Study. The Need in 1997. 2,044. The Need in 2007. 2,044. 3,124. The Need Following Completion of the Convention Center in 2007. 2,044. 3,124. 3,800. Background Demand. Demand Generated by Convention Center . Demand. 6,924 Rooms Needed. Boston Redevelopment

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Presentation Transcript
slide1

1997 Citywide Hotel Study

The Need in 1997

2,044

The Need in 2007

2,044

3,124

The Need Following Completion of the Convention Center in 2007

2,044

3,124

3,800

Background Demand

Demand Generated by Convention Center

Demand

6,924 Rooms Needed

Boston

Redevelopment

Authority

slide2

2009 Citywide Hotel Study

2009 Citywide Hotel Study

Long-term Average Occupancy Rate

6,311 Rooms Added

526 rooms (+3.1%) each year

Boston

Redevelopment

Authority

slide3

2009 Citywide Hotel Study

2020 Citywide Hotel Outlook

3% Annual Growth

6,000 New Rooms

Boston

Redevelopment

Authority

slide4

2020 Citywide Hotel Outlook

3% Annual Growth

6,000 New Rooms

1% Annual Growth

2,000 New Rooms

No Increase

In 2010 and 2011

Boston

Redevelopment

Authority

slide8

Hotel Distribution in 2009 (18,447 Rooms Total)

Downtown Cluster

South Boston Cluster

1,417 Rooms

Back Bay Cluster

Boston

Redevelopment

Authority

slide10

Hotel Distribution with Approved Projects (20,833 Rooms Total)

Downtown Cluster

South Boston Cluster

3,097 Rooms (+1,680)

118% Growth

Back Bay Cluster

Boston

Redevelopment

Authority

slide11

South Boston Hotel Sites

Completed Hotels

Planned Hotels

Possible Sites

Boston

Redevelopment

Authority