boise hotel market
COVID-19’s Impact on the Greater Boise Lodging Market
HVS | March 19, 2021
At the beginning of 2020, the future of Boise’s hospitality industry looked bright given the anticipated arrival of Amazon to the Treasure Valley and a robust 2020/21 convention and event schedule on the books at the Boise Centre. The return of the renowned Jaialdi Basque festival in August 2020 also positioned Boise for a strong summer season. Although new hotel supply was under construction, Boise’s hoteliers were optimistic that local occupancy levels would hold steady and that the market would register minor average rate (ADR) increases. The onset of the COVID-19 pandemic in March then changed this outlook, as demand dropped and ev...
HVS Market Pulse: Boise, Idaho
Eileen Bosworth | December 26, 2019
By Eileen Bosworth Boise, the Gem State’s capital, awarded the title of Americas’ fastest-growing city by Forbes magazine in 2018,[1] has continued to show robust economic growth in 2019. Key developments include a major announcement in Nampa, expansions occurring at Boise Airport, and a steady events/convention calendar for the upcoming year at the Boise Centre. The greater Treasure Valley is poised for further growth, fueled by the development of the announced Amazon fulfillment center coming to Nampa, a Boise suburb. The facility’s 650,000-square-foot warehouse is slated for completion in the fall of 2020 and is expected to ...
