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Article - HVS Market Report - New Memphis Hotels Raise the Bar for Rate While Extending Occupancy Recovery - By Marc Greeley - With the pandemic generally in the rearview for the market, Downtown Memphis hotels have yet to recover to occupancy levels realized in 2019. This is attributed to a slow recovery in both corporate and group demand, coupled with significant growth in new supply. However, rising average rates at new hotels have become the saving grace for market RevPAR levels. ....
Vonlane, a luxury motor-coach service with routes in the Southern U.S., announced a new daily route between Nashville and Memphis beginning May 26. ....