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Nashville hotel market tops in US

Tuesday, 31 October 20063 min read

Nashville tops the country in percentage growth in occupancy, says Smith Travel Research.

Through September, Nashville area hotels have filled 6% more rooms than in 2005, which is double the average growth rate of the past three years.

Local average daily rates are up 7.6% while revenue per available room has soared 14%, according to Smith.

Nashville has 150 hotels with 33,000 rooms.

Growth is continuing with the room supply scheduled to add another 8% by 2009.

Report by David Wilkening