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Article - HVS Hotel Market Report - The Dynamic Demand Base Powering the Knoxville, Tennessee Lodging Market - By Marc Greeley - The Knoxville hotel market’s recent performance trends are catching the attention of regional and national investors, and for good reason. With a slew of new developments, the city is fast becoming a sought-after destination for both business and leisure travelers. ....
The Knoxville hotel market’s recent performance trends are catching the attention of regional and national investors, and for good reason. With a slew of new developments, the city is fast becoming a sought-after destination for both business and leisure travelers. ....
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. ....
Due to the COVID-19 pandemic, Nashville realized one of the steepest lodging depressions of U.S. major markets, followed by an accelerated recovery in the second half of 2021. While there is still a way to go before reaching full recovery, lodging demand has already reached levels that even the most positive forecasts at the peak of the pandemic did not project, supported by the breadth of economic investments and the city’s reputation as a major leisure destination. ....