The entire Minnesota market saw a drop of 5.9% in occupancy rates for September compared to the previous month. This is not unexpected with the start of fall and tourism season at a close. The Duluth, Minnesota North Area, Mankato and Minnesota South Area markets led the state with an occupancy rate over 60%. The Minneapolis market had the lowest occupancy rate in the state at 38.4%. Despite this decline in Minneapolis, this rate is still higher than the rate in July. At a 55.8% occupancy rate, the entire Minnesota market trailed behind the total United States by 5.8%, though Minnesota outperformed the total United States in September, year-over-year occupancy percentage change from 29.5% to 27.6%.
The September 2021 lodging market continued to show improvement compared to one year ago. Minnesota’s statewide September 2021 RevPAR of $63.37 marked a year-over-year increase of more than 56% against September 2020, and year-to-date RevPAR in Minnesota was up from 2020 RevPAR through September by 40.4%. National year-to-date RevPAR, by comparison, was up 47.3%. Duluth continued to lead the state in August with $119.77 RevPAR. The Duluth market’s year-to-date RevPAR in 2021 measured 54.8% higher than the first nine months of 2020, driven by a 28.1% increase in occupancy in 2021.
Thanks to our STR Report Sponsor:
Access to the monthly
STR Reports is done in partnership with Explore Minnesota Tourism.
Only the latest report is available at any time.
If you need assistance, contact Sam Adams.
Each month's post summarizes the STR data for the previous month.