Hotel industry bullish amid challenging economy
But compared to the rest of the country, Memphis is struggling more than most.
There are 4 article(s) tagged Southern Lodging Summit:
But compared to the rest of the country, Memphis is struggling more than most.
While local hotel occupancy rates and demand for rooms buck the national trend, the real bright spot is across the Mississippi River.
Inflation is taking its toll, and business travel is still below pre-pandemic levels, but the tourism sector’s recovery seems to be on track.
The Memphis area hotel industry is making progress in absorbing a glut of new hotel rooms, particularly in the Downtown area, though the additional supply is affecting occupancy.
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