Gatlinburg-Pigeon Forge, TN - 2024 Q3

The Gatlinburg-Pigeon Forge lodging market is underperforming, ranking in the 22nd percentile nationally. While Knoxville's economy shows growth in manufacturing and healthcare, rising housing costs are a concern. The report analyzes hotel performance across six classes: Luxury, Upper Upscale, Upscale, Upper Midscale, Midscale, and Economy. Key metrics include occupancy, average daily rate (ADR), and revenue per available room (RevPAR). Brand representation, investment rates, and air passenger data are also examined. Luxury and Upper Upscale classes show moderate performance, while other classes are performing below average or risky. Click here to view a shortened preview of the report.