Chattanooga, TN - 2024 Q3

Chattanooga's lodging market shows mixed performance across hotel classes. The city's economy is supported by manufacturing and logistics, but faces housing affordability concerns. The overall market is considered risky for investors. Upper Upscale hotels show strengths in demand but face challenges in pricing. Upscale hotels have strong recovery indicators, but struggle with revenue. Upper Midscale class sees significant supply growth, yet weak RevPAR. Midscale and Economy classes also face challenges in revenue and occupancy despite supply increases. The report includes detailed occupancy, ADR, and RevPAR data for each class. Click here to view a shortened preview of the report.