The hotel industry has been a major part of the economy in the small southern state of Tennessee since the 1920s, when it first opened, but the city of Nashville is no stranger to the industry.
Now, however, hotel and motel chains are trying to capitalize on the trend by bringing in a large number of guest rooms in downtown Nashville.
The National Association of Realtors says the number of hotel rooms in Nashville reached a record 1.4 million last year.
In the past few years, the city has seen a surge in demand for hotel rooms.
The NAR says it expects a 10 percent increase in hotel occupancy this year.
The number of hotels in downtown TN increased by an estimated 9,000 rooms last year, and the city saw an estimated 4,500 hotel rooms added in 2016.
That’s an increase of roughly 20 percent from last year’s number.
The NAR expects the number to jump to over 5,000 by 2019.
The hotel industry is also seeing a surge of guest traffic in Nashville.
The city’s hotel occupancy rate for the last six months of 2017 was nearly 20 percent higher than the national average, the NAR said.
The occupancy rate is the percentage of rooms booked in a month that people are staying in a hotel.
The higher the occupancy rate, the more people are in a room.
In Nashville, the occupancy rates have been on the rise since at least early 2017.
For some hoteliers, the increase in demand has been more than a financial gain.
Dan Harkins, a hotelier in Nashville, has seen his revenues skyrocket.
Harkins is the owner of the Harkens Hotel and has been trying to grow his business ever since he opened in 2001.
Harkers is also an avid golf player.
His wife is also a golfer, so they both take time out of their schedules to spend time in the city.
Hank Gannon, the owner and managing partner of the Gannon Hotel, says there’s been an uptick in the number and type of guestrooms.
In addition to the more popular ones, he says there are more popular rooms that cater to the younger generation.
“We’re seeing a growing number of the younger ones,” Gannon said.
“The young people are coming in to go on vacation, and they’re not having the luxury of having a room to themselves.”
The number and quality of hotel guestrooms in the area is a major factor that contributes to the overall growth of the hotel industry, Gannon added.
“The demand for rooms is increasing at a pretty good rate,” he said.
Haven’t seen a lot of hotel business in town lately, but Harkans said he’s hoping to find some.
He’s also hoping to increase the number at his two-room, two-bathroom, six-bedroom, seven-bathrooms hotel that he operates in the town.
He hopes to get that into the 20 percent occupancy range.
He said he has about 15 percent occupancy in his business.
He says there have been some negative trends in the hotel business, and he thinks people are looking for a place that is safe.
The city has been getting a lot more of a look-out from the hotel companies, he said, and has made a few tweaks to the layout and amenities in the hotels.
He also believes that people will keep coming back.
He said he hopes that the growth in demand will continue to continue, and that the hotel sector will continue growing.