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STR Summary for February 2021

3/29/2021

 
​Hotel performance in the new year continued a gradual upward trend in Minnesota, with February 2021 occupancy recorded at 34.4%. The state’s February RevPAR of $29.09 represented a 46.4% year-over-year decrease compared to the same month in 2020, which was the last month before the impact of the COVID-19 pandemic was widely felt in Minnesota. 

The top performing markets in the state during the month of February 2021 were Rochester and Duluth, each with RevPAR at nearly $40. The national average, by comparison, was $44.57 RevPAR in February 2021, although this figure was nearly 45% lower than national RevPAR in February 2020. 

The Minneapolis-St. Paul market continued to lag the rest of the state’s performance. Although the Minneapolis CBD remained the lowest performer with 18.7% occupancy, no submarket in the Twin Cities recorded RevPAR higher than $30 in the month of February. Year-to-date 2021 RevPAR in the Twin Cities through the month of February was 60.8% lower than the first two months of 2020.
    Thanks to our STR Report Sponsor:
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  • Membership
    • What Members Say
    • Join Forms >
      • Operator Form
      • Allied Business Form
      • Tourism Partner Form
    • Login to Renew
  • Engagement
    • Programs and Events
    • Education and Training >
      • ServSafe
      • Sex Trafficking Prevention
    • Volunteer
    • Allied Members >
      • Allied Network
      • Become a Partner
      • Advertise with Us
    • Calendar
  • Advocacy
    • At the Legislature >
      • 2023 Legislative Agenda
      • 2023 Days at the Capitol
      • Capitol Updates
    • Advocacy Action Center >
      • Contact Your Elected Officals
      • Advocacy Group
    • Issue Briefs
    • HOPAC
  • Resources
    • Hospitality Law Review
    • Reports and Guidance >
      • Economic Snapshots
      • Monthly STR Summaries
      • Jobs Reports
    • Vendor Directory
    • BusinessCenter
  • HMEF
    • About the Foundation
    • Our High School Programs >
      • Pro Start
      • HTMP
    • HMEF Resources >
      • For Educators >
        • DEED Grants Through HMEF
        • ProStart Educators
        • HTMP Educators
      • For Students >
        • Next Generation Leader
        • Scholarships
      • For Industry Professionals
    • HMEF Events >
      • Hospitality Career Student Expo
      • Stars of the Future
      • ProStart Invitational
    • Support HMEF
  • About
    • About the Association >
      • Awards >
        • Hall of Fame Inductees
        • Of The Year Awards
    • NewsCenter
    • Contact Us