December 2014
• Los Angeles ranked 7th place among the Top 25 Markets with an Occupancy rate of 67.5%, up +1.6% compared to the same period last year (66.4%).
• Los Angeles ADR was $138.46 and ranked 6th among the Top 25 Markets, up +6.7% compared to the same period last year ($129.71).
• Los Angeles RevPAR was $93.44 and ranked 6th among the Top 25 Markets, up +8.5% compared to the same period last year ($86.14).
• Rooms nights sold were 2.05 million countywide, reflecting a +2.5% increase over December 2013 (2.00 million room nights).
• The LAX area (75.2%) and South Bay (69.9%) both reported the highest Occupancy rate for the month.
• Long Beach (+19.1%) and L.A. Southeast (+12.1%) reported the largest YOY RevPAR growth.
2014 Jan-Dec Year End
• Los Angeles ranked 4th place among the Top 25 Markets with a 2014 Year End Occupancy rate of 78.9%, up +2.7% compared to 2013 (76.8%).
o Markets ranking higher are New York City (84.8%), Oahu Island (84.4%), and San Francisco (84.1%).
• Los Angeles 2014 Year End ADR is $147.27 and ranks 6th out of the Top 25 Markets, up +7.9% compared to 2013 ($136.52).
• Los Angeles 2014 Year End RevPAR is $116.17 and ranks 6th out of the Top 25 Markets, up +10.8% compared 2013 ($104.84).
• 2014 Year End rooms nights sold are 28.05 million countywide, reflecting a +3.2% increase over 2013 (27.19 million room nights).
• The LAX area reported the highest 2014 Year End occupancy at 86.3%, followed by Santa Monica/MDR (82.4%), and Hollywood/Beverly Hills (82.2%).
• The LAX area (+12.6%) and South Bay (+12.3%) reported the largest YOY RevPAR growth. Downtown LA reported the largest YTD ADR growth (+10.3%).