July 2014
• Los Angeles ranked 7th place among the Top 25 Markets with an Occupancy rate of 87.1% (a historical monthly high), up +2.2% compared to the same period last year (85.2%).
• Los Angeles ADR was $154.40 (a historical monthly high) and ranked 7th among the Top 25 Markets, up +10.0% compared to the same period last year ($140.34).
• Los Angeles RevPAR was $134.41 (a historical monthly high) and ranked 7th among the Top 25 Markets, up +12.5% compared to the same period last year ($119.51).
• Rooms nights sold were 2.63 million countywide (a historical monthly high), reflecting a +3.3% increase over July 2013 (2.55 million room nights).
• The LAX area (93.2%) and Santa Monica/Marina Del Rey (90.0%) both reported the highest Occupancy rate for the month.
• Downtown L.A. (+21.3%) and the LAX area (+13.9%) reported the largest YOY RevPAR growth.
2014 Jan-Jul YTD
• Los Angeles ranked 5th place among the Top 25 Markets with a YTD Occupancy rate of 80.3%, up +3.7% compared to the same period last year (77.5%). o Markets ranking higher are Oahu Island (84.7%), New York City (83.2%), San Francisco (83.2%), and Miami (80.5%).
• Los Angeles YTD ADR is $146.02 and ranks 8th out of the Top 25 Markets, up +6.8% compared to the same period last year ($136.67). • Los Angeles YTD RevPAR is $117.24 and ranks 6th out of the Top 25 Markets, up +10.8% compared to the same period last year ($105.86).
• YTD rooms nights sold are 16.5 million countywide, reflecting a +4.2% increase over 2013 (15.9 million room nights).
• The LAX area reported the highest YTD occupancy at 88.4%, followed by Hollywood/Beverly Hills (83.8%) and Santa Monica/MDR (83.3%).
• L.A. East (+14.2%) and Pasadena/Glendale/Burbank (+13.5%) reported the largest YOY RevPAR growth. Downtown L.A. reported the largest YTD ADR growth (+10.2%).