Research Monthly report
South Dakota hotel market update, February 2026
- South Dakota
South Dakota hotels ran 56.21% occupancy at a $121.38 ADR over the last twelve months, RevPAR -0.15%.
South Dakota's hotel market for February 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
56.21%
ADR, trailing 12 months
$121.38
RevPAR, trailing 12 months
$68.23
-0.15% year over year
RevPAR, Jan '26 vs Jan '25
+4.08%
Upper midscale +5.99%
Performance
Across every South Dakota hotel, the trailing twelve months averaged 56.21% occupancy, a $121.38 ADR and $68.23 RevPAR, with RevPAR -0.15% on the year before.
RevPAR for Jan '26 was +4.08% against Jan '25. Upper midscale hotels did best at +5.99%; midscale and economy hotels were at +0.88%.
| Scale | T-12 Occ | T-12 ADR | T-12 RevPAR | RevPAR, year over year | RevPAR, Jan '26 vs Jan '25 |
|---|---|---|---|---|---|
| All hotels | 56.21% | $121.38 | $68.23 | -0.15% | +4.08% |
| Luxury & Upper Upscale | 61.52% | $181.48 | $111.64 | +3.08% | +2.34% |
| Upper Midscale | 65.92% | $136.41 | $89.92 | +1.04% | +5.99% |
| Midscale & Economy | 49.12% | $99.34 | $48.80 | -2.56% | +0.88% |
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
| Rate | As of February 27, 2026 |
|---|---|
| Prime rate | 6.75% |
| 10-year Treasury | 3.981% |
| 5-year Treasury | 3.536% |
New developments
Another 14 hotels have been proposed. Call or email to learn more about any of them.
Other developments that bring travelers:
- Proposed Downtown Convention Center (Riverline District), Sioux Falls
- Sioux Falls Regional Airport Expansion (new gates + parking ramp), Sioux Falls
- Sanford Sports Complex & Virtual Care Center Expansion, Sioux Falls
- Mixed-Use "Block 5" (Hotel + Lofts + Retail) Development, Rapid City
- Rapid City Airport Expansion (state-backed), Rapid City area
- Dells Peak Recreational & Outdoor Tourism Investments, Black Hills / Custer, SD
- Sturgis Rally Infrastructure & Events Buildouts, Sturgis, SD
- South Dakota State Fairgrounds & Exposition Upgrades, Huron, SD
Tools
- Full hotel underwriting and waterfall model. Download the Excel model free. Questions or changes you'd recommend are welcome.
- A report on your hotel or market. Ask for one and we'll be in touch.
Thinking about what your hotel would sell for? Request a valuation.