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STR Summary for March 2022

4/21/2022

 
The entire Minnesota market saw an increase of 5.1% in occupancy rates for March compared to the previous month. The Bloomington market led the state with an occupancy rate of 60%. The Minnesota South Area (excluding Mankato) market had the lowest occupancy rate in the state at 40%. The Minneapolis market saw an increase of 11.9% in occupancy rate compared to last month, bringing it to 40.2%. At a 48.4% occupancy rate, the entire Minnesota market trailed behind the total United States by 15.6%.  


The March lodging market continued to show improvement compared to one year ago. Minnesota’s statewide March 2022 RevPAR of $53.83 marked a year-over-year increase of 59.6% against March 2021, and year-to-date RevPAR in Minnesota was up from 2021 RevPAR through March by 58.9%. Bloomington led the state in March with $77.97 RevPAR.
    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