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Hundreds of millions lost in tourism spending due to COVID-19 shutdown

Convention Center Authority Purchases Land
Posted at 9:31 PM, May 13, 2020
and last updated 2020-05-13 22:54:27-04

NASHVILLE, (WTVF) — The Nashville Convention and Visitors Corporation says the coronavirus shutdown has had a large impact on the city's tourism, but it is slowly returning.

NCVC officials say they're aware of a total of 912 meetings or conventions that were canceled due to the shutdown. Those events were expected to generate $334.41 million in direct spending, $27.02 million in state taxes, and $28.87 million in local taxes.

A total of 722 travel trade groups (companies that package and sell travel experiences) had to cancel trips through the end of 2020. Those 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.

Hotel rooms sold in the city "bottomed out the week of April 5-11 (averaging 4,700 hotel rooms sold per night)," Nashville Convention and visitors Corp. officials said.

Since then, Nashville's seen a slow increase week over week. Hotel room purchases increased the week of May 3-9 with an average of 6,900 rooms sold per night.