Lodging Metrics April 2015
· Los Angeles ranked 7th place among the Top 25 Markets with an Occupancy rate of 79.5%, relatively flat (-0.9%) compared to the same period last year (80.2%).
· Los Angeles ADR was $154.99 and ranked 8th among the Top 25 Markets, up +6.6% compared to the same period last year ($145.36).
· Los Angeles RevPAR was $123.15 and ranked 8th among the Top 25 Markets, up +5.6% compared to the same period last year ($116.58).
· Rooms nights sold were 2.33 million countywide, flat over April 2014 (2.33 million room nights).
· The LAX area (86.6%) and South Bay (84.8%) both reported the highest Occupancy rate for the month.
2015 Jan-Apr YTD
· Los Angeles ranked 6th place among the Top 25 Markets with a YTD Occupancy rate of 78.4%, up +0.7% compared to the same period last year (77.8%).
o Markets ranking higher are Miami (84.2%), Oahu Island (82.4%), Orlando (81.9%), Tampa (80.5%), and San Francisco (80.4%).
· Los Angeles YTD ADR is $153.12 and ranks 8th out of the Top 25 Markets, up +6.6% compared to the same period last year ($143.68).
· Los Angeles YTD RevPAR is $119.98 and ranks 6th out of the Top 25 Markets, up +7.3% compared to the same period last year ($111.85).
· YTD rooms nights sold are 9.19 million countywide, reflecting a +1.6% increase over 2014 (9.05 million room nights).
· The LAX area reported the highest YTD occupancy at 85.9%, followed by Santa Monica/MDR (82.7%).