Boston Hotels expect a restless 2009 as revenues decline | bostonherald.com
Boston and Cambridge hotels are in for a rough 2009, akin to the industry downturn prompted by the 1991 recession, according to a revised forecast that factors in the global financial crisis. Revenue per available room - the most important measurement of hotel performance because it combines occupancy and room rates - is expected to plummet 9.1 percent to $146, according to new projections by Pinnacle Advisory Group. In July, the Boston hospitality consulting firm had forecast that figure would climb 1.7 percent to $170 next year.
