The hotel market in the month of July 2021 continues to show improvement compared to one year ago. Minnesota’s statewide RevPAR of $73.40 in July marked a year-over-year increase of more than 83% against the month of July 2020. Year-to-date RevPAR in Minnesota was up from 2020 RevPAR through July by 31.5%. National year-to-date RevPAR, by comparison, was up 39.6% through July.
Duluth continued to lead the state in July with $143.58 RevPAR. The Duluth market’s year-to-date RevPAR in 2021 measured 60.5% higher than the first seven months of 2020, driven by a 31.3% increase in occupancy in 2021.
The Duluth, Minnesota North Area and Mankato markets led the state in occupancy all with over a 70% rate. The Minneapolis market occupancy increased this month but continues to see the lowest occupancy rate in the state at 37.8%. The occupancy rate for the entire Minnesota market improved in July by 4.3% compared to the month prior. At a 63.5% occupancy rate, the entire Minnesota market is closing the gap with the total United States and only trails behind by 6.1%.
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.