Nashville Tourism sees a huge loss in travel industry

Published on : Thursday, May 14, 2020

Nashville Tourism sees a huge loss in travel industry

Nashville, the capital city of U.S. state of Tennessee sees a huge loss in travel and tourism sector. Here the Nashville Convention and Visitors Corporation says that the COVID-19 shutdown has had a huge impact of city’s tourism sector.

The officials of Nashville Convention and Visitors Corporation said that they are very much aware of a total of 912 meetings or conventions that were cancelled due to this unprecedented lockdown. These MICE events were expected to produce $334.41 million in direct spending, $27.02 million in state taxes, and $28.87 million in local taxes.

It is said by the officials of Nashville Convention and Visitors Corporation, a total of 722 travel trade groups (companies that package and sell travel experiences) had to cancel trips through the end of 2020. Those business event groups had a total of 28,010 attendees who would have been in the city and were expected to generate at least $13.49 million in direct spending.

Nashville Convention and visitors Corp. officials said that the hotel rooms sold in the city “bottomed out the week of April 5-11 (averaging 4,700 hotel rooms sold per night). Since then, Nashville’s seen a slow increase week over week. The hotel room purchases increased the week of May 3-9 with an average of 6,900 rooms sold per night.

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