Memphis, TN - 2024 Q3

This report analyzes the Memphis, TN lodging market for 3Q 2024, examining various hotel classes. The Memphis economy shows a slow recovery, driven by healthcare and logistics. Despite being a key economic center, the market is considered risky, ranking in the 5th percentile nationally. The report details performance metrics like occupancy, ADR, and RevPAR for each hotel class, from Luxury to Economy, with historical trend data. It also identifies top brands and largest hotels within each segment. The lodging market faces challenges like declining occupancy, yet some classes show strengths in supply growth. Click here to view a shortened preview of the report.