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Nashville hotel market tops in US
Thursday, 31 Oct, 2006
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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
David
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