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Nashville Bits and Pieces


smeagolsfree

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The USA TODAY segment in this morning's TENNESSEAN had an article about the hotel boom around the US and while it mentioned 15 different cities as being on the forefront of the hotel boom, Nashville was not mentioned once. I found that very odd, since Nashville has been repeatedly mentioned as a top five city with the number of hotels in the hotel pipeline.

EDIT---Link not working; here is a quote....

"This year is shaping up to be a healthy one for the U.S. hotel industry, with more 33,000 new rooms planned in the top 10 most active markets.

According to industry research firm Lodging Econometrics, the top market by far is New York City, with an estimated 8,612 new rooms in the pipeline for 2017.

“The rooms opening in these markets will be the first wave of new hotel supply in a healthy hotel market for owners,” says Bruce Ford, senior vice president of development at Lodging Econometrics.

CBRE Hotels’ America’s Research, which tracks the industry, also puts New York City at the top of the market with a 6.4% increase over last year, the largest increase of any region.

Both firms named these other cities among the most active markets in the USA: Houston, Dallas, Chicago, and Los Angeles.

Lodging Econometrics also pointed to Charlotte, Denver, Seattle, Austin, and Tampa as healthy places for hotel development.

CBRE is also seeing a notable percentage growth in room supply in Washington, D.C., Orlando, Atlanta, Phoenix, and San Diego. The U.S. average percentage growth in supply is estimated at 1.8%, according to CBRE."

Edited by PHofKS
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