The entire Minnesota market saw a drop of 9.7% in occupancy rates for November compared to the previous month. The Mankato market led the state with an occupancy rate over 50%. The Minneapolis market had the lowest occupancy rate in the state at 36.5%. At a 45.3% occupancy rate, the entire Minnesota market trailed behind the total United States by 12.3%.
The November 2021 lodging market continued to show improvement compared to one year ago. Minnesota’s statewide November 2021 RevPAR of $47.35 marked a year-over-year increase of 96% against November 2020, and year-to-date RevPAR in Minnesota was up from 2020 RevPAR through November by 46.7%. National year-to-date RevPAR, by comparison, was up 54.3%. Duluth continued to lead the state in November with $58.23 RevPAR. The Duluth market’s year-to-date RevPAR in 2021 measured 51.6% higher than the first eleven months of 2020, driven by a 31.4% 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.