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STR Summary for August 2021

9/21/2021

 
​The lodging market in the month of August 2021 continued to show improvement compared to one year ago. Minnesota’s statewide RevPAR of $73.10 in August marked a year-over-year increase of more than 73% against the month of August 2020. Year-to-date RevPAR in Minnesota was up from 2020 RevPAR through August by 38%. National year-to-date RevPAR, by comparison, was up 44.3%. 
 
Duluth continued to lead the state in August with $143.16 RevPAR. The Duluth market’s year-to-date RevPAR in 2021 measured 54.8% higher than the first eight months of 2020, driven by a 32.7% increase in occupancy in 2021. 
 
The Duluth and Minnesota North Area markets led the state in occupancy with over a 75% rate. The Minneapolis market occupancy notably increased in August by 4.6% compared to July but continues to see the lowest occupancy rate in the state at 42.4%. At a 61.7% occupancy rate, the entire Minnesota market narrowed the gap in August with the total United States and only trailed by 1.5%. Minnesota outperformed the total United States in August 2021 occupancy percent change from August 2020 at 40.6% compared to 29.7%. 

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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
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    • 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
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    • Support HMEF
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