Knoxville, TN - 2024 Q3

Knoxville's economy is gaining momentum, driven by manufacturing, healthcare, and professional services, despite a tight job market. The hospitality sector benefits from this growth. However, the housing market is overvalued, which could affect future growth. Knoxville’s overall hotel market is underperforming, ranking in the 21st percentile nationally. Luxury hotels perform best, while upscale hotels lag. Occupancy is strong, particularly in the luxury sector, but average daily rates (ADR) show variability across hotel classes. RevPAR trends also differ, with luxury performing best. The report analyzes key metrics and brand representation. Click here to view a shortened preview of the report.