Nashville, Tennessee's weekend hotel room rates drove the overall average daily rate higher than pre-pandemic levels for each month in the third quarter. This is a significant departure from typical recovery trends after recessions. Normally, hotel occupancy recovers first and then the ADR recovery follows.
Nashville Hotel Room Rates Above Pre-Pandemic Levels Despite Weak Occupancy
Supply Growth Continues To Be Headwind for Full Recovery
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In