"The month of July was fantastic for the City of Boston," saysBoston Redevelopment Authority director Mark Maloney. "The trendsover the past few months give us every reason to be optimistic thatBoston's tourism industry is on the upswing."
According to the Pinnacle Advisory Group, the occupancy ratesfor this past July were 83%, up from 80% last July. Matthew Arrantsof Pinnacle tells GlobeSt.com that while those numbers arerespectable, it is the 33% increase in RevPAR that is reallyimpressive. Arrants notes that while last July the average roomrate was $142, this July that number shot up to $184, a nearly 27%increase.
Arrants says that the last time the city experienced acomparable increase in the monthly average rate was in September1999 when it hosted the Ryder Cup. Then, the rates were 20% overthe previous year.
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