Home Sweet Hotel: The rise of extended-stay living
Longer-term lodging has become an attractive alternative for displaced families, traveling business people, and those who don’t know their next step.
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Longer-term lodging has become an attractive alternative for displaced families, traveling business people, and those who don’t know their next step.
But compared to the rest of the country, Memphis is struggling more than most.
Memphis hotel occupancy hit bottom at 31% in April before rebounding, while Downtown’s low point was 14.7% occupied in April, STR found.
Lodging industry consultant Chuck Pinkowski's forecast calls for occupancy and room revenue to fall at Memphis area hotels in 2019 as room supply increases and the convention center is modernized.
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