Boston hotels revenues down sharply pandemic job losses

BOSTON — Boston hotels stand in an economic depression after experiencing the second-steepest financial losses related to COVID-19 among major U.S. markets, according to a new industry group report.

In May, the final full month that Massachusetts had a state of emergency in place, Boston hotels brought in one-third as much revenue per available room as they did two years earlier, the American Hotel and Lodging Association found.

Seventy of Massachusetts' first 92 confirmed coronavirus cases have been linked to a meeting of Biogen executives that was held at the Marriott Long Wharf hotel in Boston in late February 2020.

The association, which has long warned about the pandemic’s devastation on the hospitality industry and called for additional federal funding, found that seven of the top 25 American hotel markets, including Boston, remained in what it deemed a depression in May. Another 14 markets are in a recession, the organization said.

According to AHLA, revenue per available room for Boston hotels plummeted from $184 in May 2019 to $61 in May 2021, a 67% drop surpassed only by the 70% decline in San Francisco.

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