For many hospitality and tourism businesses across Minnesota, the summer of 2025 was more bust than boom.

A new survey from the Minneapolis Fed and Hospitality Minnesota found declines in visitors, revenue, and profits across much of the industry.

"For those businesses along the border that really rely on car travel or easy travel, we're seeing declines of up to 40%," said Angie Whitcomb, President and CEO of Hospitality Minnesota.

One major issue: fewer Canadian tourists, especially in Northern Minnesota, impacting resorts and smaller operators already struggling with higher costs.

"When some of the talk first came out about tariffs with Canada and Canada perhaps becoming a 51st state. That wasn't taken real well by some of the Canadians," said Joe Henry, executive director of Lake of

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