​In July, Minnesota’s occupancy rate landed at 66.5%, just 2.6% under the overall U.S. occupancy rate of 69.1%. Bloomington hotels reported the highest occupancy rate in the state at 74.5%. Following Bloomington was Duluth, which last month had an occupancy rate of 73.2%.
 
In July, Minnesota’s statewide RevPAR increased by 1.7% over the same month in 2022 with a rate of $91.38. As we approach the end of Q3 into Q4, we hope to see monthly RevPAR rates continue to land above 2022 numbers.

​In June, Minnesota’s occupancy rate landed at 67.4%, just 2.3% under the overall U.S. occupancy rate of 69.7%.  In June, Bloomington hotels reported an occupancy rate of 75.6%, and Minneapolis - South reported an occupancy rate of 70.9%.
 
In June, Minnesota’s statewide RevPAR increased by 7.2% over the same month in 2022 with a rate of $93.75. This is a very positive sign as we look toward a revival of travel across the state throughout the busier summer months. 

​In April, Minnesota’s occupancy rate landed 4.9% higher in 2023 (52.8%) as compared to April 2022 (47.9%). While a year-over-year improvement, Minnesota's overall occupancy trailed the national occupancy average (64.4%) by 11.6%. In April, the Bloomington market once again took the top spot with an occupancy rate of 61.5%, and the Minneapolis - North Area was second with an occupancy rate of 57.4%.
 
The April report showed Minnesota’s statewide April 2023 RevPAR of $63.81 coming in with a year-over-year increase of 11.4%. Minneapolis occupancy came in at 52.9% in April 2023, a 22.2% increase from April 2022. This is a very positive sign as we look toward the busier summer months with increased corporate, entertainment, and leisure travel. 

​In March, Minnesota’s occupancy rate landed 3.1% higher in 2023 (51.5%) as compared to March 2022 (48.4%). While a year-over-year improvement, Minnesota's overall occupancy trailed the national occupancy average (65.3%) by 13.8%. In March, the Bloomington market once again took the top spot with an occupancy rate of 64.7%, Rochester was second with an occupancy rate of 56.8%. Minneapolis occupancy came in at 44.8%.
 
The March report showed Minnesota’s statewide March 2023 RevPAR of $62.05 coming in with a year-over-year increase of 15%. Continuing the trend over the past several months, the Minneapolis market experienced significant 10.1% occupancy improvement vs. 2022. This is a very positive sign as we look toward the busier spring and summer months with increased corporate and leisure travel. 

​In February, Minnesota’s occupancy rate landed 2.7% higher in 2023 (46%) as compared to February 2022 (43.3%). While a year-over-year improvement, Minnesota's overall occupancy trailed the national occupancy average (60%) by 14%. In February, the Bloomington market once again took the top spot with an occupancy rate of 56.7%, Rochester was second with an occupancy rate of 51.1%. Minneapolis occupancy came in at 33.6%.
 
The Febraury report showed Minnesota’s statewide February 2023 RevPAR of $53.14 came in with a year-over-year increase of around 14%. Continuing the trend over the past several months, the Minneapolis market experienced significant 5% occupancy improvement vs. 2022. This is a very positive sign as we look toward the busier spring and summer months with increased corporate and leisure travel. 

​In January, Minnesota’s occupancy rate landed 4.9% higher in 2023 (43.5%) as compared to January 2022 (38.6). While a year-over-year improvement, Minnesota's overall occupancy trailed the national occupancy average (52.8%) by over 9%. In January, the Bloomington market once again took the top spot with an occupancy rate of 52.4%, Rochester was second with an occupancy rate of 49.7%. Minneapolis occupancy came in at 31.9%.
 
The January report showed Minnesota’s statewide January 2023 RevPAR of $49.34 came in with a year-over-year increase of nearly 25%. Continuing the trend over the past several months, the Minneapolis market experienced significant improvement vs. 2022. This is a very positive sign as we look toward the busier spring and summer months with increased corporate and leisure travel.