North Dakota State Area - 2024 Q3

The North Dakota State Area's lodging market, particularly in Bismarck, shows a slow recovery with moderate growth. Healthcare provides stability, while fluctuating energy prices and a tight labor market pose challenges. Overall, the market ranks in the 52nd percentile nationally, suggesting cautious optimism for investors. The report analyzes performance across hotel classes, from luxury (currently absent) to economy, detailing occupancy, ADR, and RevPAR trends. Upper midscale and midscale classes are prosperous, while upscale and economy show strong growth in revenue and ADR. Air passenger data and brand representation are also included. Click here to view a shortened preview of the report.