In December, Minnesota’s occupancy rate landed 2% higher in 2022 as compared to 2021 with a rate of 43.6%. While a year-over-year improvement, this was 5.6% lower than November’s occupancy rate and 10 points lower than the entire United States total. In December, the Bloomington market once again took the top spot with an occupancy rate of 56.2%, Duluth wasn’t far behind with an occupancy rate of 49.0%, while Minneapolis experienced an occupancy rate of 31.2%,
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Each month's post summarizes the STR data for the previous month.