Minneapolis, MN - 2024 Q3

This Minneapolis lodging report analyzes the market's performance through 3Q 2024. The city faces economic headwinds with declining payrolls and rising unemployment, though the healthcare sector remains strong. Financial services and manufacturing are expected to recover, potentially boosting the hospitality industry. The overall market is ranked as moderate, showing mixed stability and risk for investors. Performance varies significantly across hotel classes, from luxury to economy. Metrics include occupancy, ADR, and RevPAR trends, with data from 1990 to September 2024. The report also highlights brand representation, investment rates, and air passenger throughput. Click here to view a shortened preview of the report.