110 likes | 211 Views
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
E N D
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
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
2009 Citywide Hotel Study 2020 Citywide Hotel Outlook 3% Annual Growth 6,000 New Rooms Boston Redevelopment Authority
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
Rate and Revenue (Adjusted to 2009 Dollar by Boston CPI-U) Boston Redevelopment Authority
Hotel Distribution in 1996 (12,136 Rooms Total) Boston Redevelopment Authority
New Hotels 1997-2009 (6,311 Rooms Added, 18,447 Rooms Total) Boston Redevelopment Authority
Hotel Distribution in 2009 (18,447 Rooms Total) Downtown Cluster South Boston Cluster 1,417 Rooms Back Bay Cluster Boston Redevelopment Authority
Approved Projects by 2009 (2,386 More Rooms, 20,833 Rooms Total) Boston Redevelopment Authority
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
South Boston Hotel Sites Completed Hotels Planned Hotels Possible Sites Boston Redevelopment Authority