— Tennessee’s hotel industry is booming with hotel rooms and meals being served in every room in every building.
But for many, that’s not enough to pay the bills.
So the state is looking to offer a hotel room and meal credit for guests to help with those expenses.
The credit, which will be available starting at 10 a.m. on Sept. 1, will be worth at least $1,000 per night for a single room or $2,500 for a two- or three-person suite.
The credit is being offered in all types of hotels in the state.
It will also be offered in some downtown hotels.
Bill Haslam (R) has proposed the hotel credit in his proposed budget.
The state’s General Assembly has been hearing testimony on the credit and has begun a work session.
The House is expected to vote on the bill Monday.
The state Department of Economic and Community Development, which is responsible for the credit, will conduct an economic impact analysis and review the program to determine whether it is cost-effective and is appropriate to the hotel industry.
Haslam’s proposed budget calls for $7.5 million to be spent in the next year on the program, according to a news release.
“This is going to be a huge step forward for Nashville hotel and restaurant industry,” said Mike Ziegler, a spokesperson for the hotel and dining industry.
“There are going to need to be some very tough decisions made and there will be some adjustments made to accommodate what this bill is offering.”
Ziegler said that hotel industry members have been offering the credit for years.
The industry had already offered the credit in previous years.
Zieg, of the National Hotel Association, said the industry is expecting about 50 percent more hotel guests to use the credit over the next five years.