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Research Monthly report

South Dakota hotel market update, August 2026

Reed Gizinski · hotel broker, Ruzicka Hotel Team at Marcus & Millichap

  • South Dakota

South Dakota hotels ran 55.99% occupancy at a $125.67 ADR over the last twelve months, RevPAR +2.73%.

South Dakota's hotel market for August 2026: how hotels performed, what sold, where rates stand and what is being built. For a closer look at a specific market or hotel, ask for a report.

Occupancy, trailing 12 months

55.99%

ADR, trailing 12 months

$125.67

RevPAR, trailing 12 months

$70.37

+2.73% year over year

Performance

Across every South Dakota hotel, the trailing twelve months averaged 55.99% occupancy, a $125.67 ADR and $70.37 RevPAR, with RevPAR +2.73% on the year before.

ScaleT-12 OccT-12 ADRT-12 RevPARRevPAR, year over year
All hotels55.99%$125.67$70.37+2.73%
Luxury & Upper Upscale63.23%$185.34$117.19+5.30%
Upper Midscale65.60%$138.75$91.02+2.12%
Midscale & Economy48.54%$102.69$49.84+0.21%
ADR and RevPAR by scale, trailing 12 months
$0$50$100$150$200All hotelsLuxury & UpperUpscaleUpper MidscaleMidscale & EconomyAll hotels · ADR: $125.67Luxury & Upper Upscale · ADR: $185.34Upper Midscale · ADR: $138.75Midscale & Economy · ADR: $102.69All hotels · RevPAR: $70.37Luxury & Upper Upscale · RevPAR: $117.19Upper Midscale · RevPAR: $91.02Midscale & Economy · RevPAR: $49.84$125.67$185.34$138.75$102.69$70.37$117.19$91.02$49.84$0$50$100$150$200All hotelsLuxury &Upper UpscaleUpperMidscaleMidscale &EconomyAll hotels · ADR: $125.67Luxury & Upper Upscale · ADR: $185.34Upper Midscale · ADR: $138.75Midscale & Economy · ADR: $102.69All hotels · RevPAR: $70.37Luxury & Upper Upscale · RevPAR: $117.19Upper Midscale · RevPAR: $91.02Midscale & Economy · RevPAR: $49.84$125.67$185.34$138.75$102.69$70.37$117.19$91.02$49.84

Source: STR, one-month reporting lag

ADRRevPAR
All hotels$125.67$70.37
Luxury & Upper Upscale$185.34$117.19
Upper Midscale$138.75$91.02
Midscale & Economy$102.69$49.84
RevPAR change by scale
0%2%4%6%All hotelsLuxury & UpperUpscaleUpper MidscaleMidscale & EconomyAll hotels · Trailing 12 months: 2.73%Luxury & Upper Upscale · Trailing 12 months: 5.30%Upper Midscale · Trailing 12 months: 2.12%Midscale & Economy · Trailing 12 months: 0.21%2.73%5.30%2.12%0.21%0%2%4%6%All hotelsLuxury &Upper UpscaleUpperMidscaleMidscale &EconomyAll hotels · Trailing 12 months: 2.73%Luxury & Upper Upscale · Trailing 12 months: 5.30%Upper Midscale · Trailing 12 months: 2.12%Midscale & Economy · Trailing 12 months: 0.21%2.73%5.30%2.12%0.21%

Source: STR, one-month reporting lag

Trailing 12 months
All hotels2.73%
Luxury & Upper Upscale5.30%
Upper Midscale2.12%
Midscale & Economy0.21%

Month by month, South Dakota RevPAR in 2026 against 2025, through July:

RevPAR by month, 2025 and 2026
$0$25$50$75$100$125JanFebMarAprMayJunJulAugSepOctNovDecJan · 2025: $36.7Feb · 2025: $43.2Mar · 2025: $49.3Apr · 2025: $48.0May · 2025: $66.6Jun · 2025: $103.3Jul · 2025: $106.1Aug · 2025: $107.3Sep · 2025: $87.1Oct · 2025: $73.0Nov · 2025: $49.8Dec · 2025: $39.6Jan · 2026: $38.4Feb · 2026: $45.0Mar · 2026: $53.0Apr · 2026: $51.4May · 2026: $73.1Jun · 2026: $109.0Jul · 2026: $110.3$0$50$100$150JanMarMayJulSepNovJan · 2025: $36.7Feb · 2025: $43.2Mar · 2025: $49.3Apr · 2025: $48.0May · 2025: $66.6Jun · 2025: $103.3Jul · 2025: $106.1Aug · 2025: $107.3Sep · 2025: $87.1Oct · 2025: $73.0Nov · 2025: $49.8Dec · 2025: $39.6Jan · 2026: $38.4Feb · 2026: $45.0Mar · 2026: $53.0Apr · 2026: $51.4May · 2026: $73.1Jun · 2026: $109.0Jul · 2026: $110.3

values read from the CoStar chart in the original email

Source: CoStar, as of August 31, 2026

20252026
Jan$36.7$38.4
Feb$43.2$45.0
Mar$49.3$53.0
Apr$48.0$51.4
May$66.6$73.1
Jun$103.3$109.0
Jul$106.1$110.3
Aug$107.3
Sep$87.1
Oct$73.0
Nov$49.8
Dec$39.6

All figures are from STR and run a month behind. For a specific market or scale, reach out.

Sales

No hotel sales were reported in South Dakota this month.

Capital markets

RateAs of August 31, 2026
Prime rate6.75%
10-year Treasury4.76%
5-year Treasury4.50%

New developments

Another 10 hotels have been proposed. Call or email to learn more about any of them.

Tools

Thinking about what your hotel would sell for? Request a valuation.

Request a report on your market Or ask what your hotel is worth

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