In August, Minnesota’s occupancy rate landed at 68.3%, 2.3% higher than the overall U.S. occupancy rate of 66.0%. Bloomington hotels reported the highest occupancy rate in the state at 77.1%. Following Bloomington was Duluth, which last month had an occupancy rate of 72.7%.
 
In August, Minnesota’s statewide RevPAR increased by 2.5% over July 2022 with a rate of $94.60. Now in Q4, we expect to see monthly RevPAR rates continue to land well above 2022 numbers.