Hospitality businesses see fewer customers and higher costs across Minnesota
As Minnesota’s summer season hits its stride, hospitality businesses are facing stormy skies instead of clear sailing. A new survey from the Minneapolis Fed reveals that rising costs, cautious customers, and a wave of cancellations are leaving hotels, restaurants, and resorts in a financial pinch. While hiring is finally getting easier, optimism is in short supply. From downtown Minneapolis to the North Shore, owners are bracing for a make-or-break summer—and wondering whether travelers will show up in time to save the season. Haley Chinander with Federal Reserve Bank of Minneapolis has the full story.
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