“Consumers’ perceptions and decisions influenced by different signals”, the authors summarise, “can affect product demand, which ultimately can affect business survival”. ... That is, the models were better at forecasting restaurant survival when using reviews by Elite members, implying that these have more influence on diners’ decisions and in turn the fates of individual
In Boston, the three key demand segments (commercial, group, and leisure) have all historically included a significant share of international travel. ... As with other lodging markets across the nation, demand from domestic leisure travelers has paced the Boston hotel market’s recovery.
However, with dramatic declines in both corporate and group, the market has seen a significant shift in its demand mix, relying largely on leisure demand. ... Based on these supply and demand forecasts, the market is expected to have an occupancy of 64% in 2022.
RevPAR change from 2020 through 2024 is forecast to average +42.6% during this period (well-above the Top 25 market average of 28.4%). ... significant percentage of total accommodated demand at a comparatively high Average Daily Rate.
The hotel is ideally located near high-quality demand generators including Fenway Park, Boston University, Back Bay, Longwood Medical Area, and Newbury Street. ... The Company currently forecasts that the hotel will generate EBITDA of $9.5 to $11 million during 2016.
The hotel is ideally located near high-quality demand generators including Class A office space, some of Boston's finest dining, upscale destination retail, theatre venues, and medical and educational ... In 2015, the Company currently forecasts that the hotel will generate earnings before interest, taxes, depreciation and amortization ("EBITDA") of $18.0 to $18.5 million and net operating income after
The Boston hotel market, particularly the Back Bay area, has extremely high barriers to entry and diverse demand generators and is one of our three stated targeted acquisition markets. ... Increases barrier to entry protection Boston’s Back Bay submarket has extremely high barriers to entry and is in a prime CBD location that benefits from diverse demand generators and low supply growth.