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. Comments are closed.
|
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. ARCHIVE
Each month's post summarizes the STR data for the previous month.
January 2023
|