The Minneapolis-St. Paul MSA: A Lagging Recovery

Tanya Pierson | April 19, 2023

By Tanya J. Pierson Coming out of past recessions, the diverse employment base has benefited the Minneapolis-St. Paul market. Major employers within the medical technology, consumer goods, healthcare, higher-education, financial, and consumer goods industries and sectors have historically generated a sufficient level of hotel demand. The natural beauty of the area attracts outdoor enthusiasts, its central U.S. location makes it a convenient destination for conventions, and the Mall of America draws visitors from around the world. Unfortunately, in 2021 and early 2022, leisure demand was the only segment to show a strong recovery, with ...