March 2014
- Los Angeles ranked 9th place among the Top 25 Markets with an Occupancy rate of 80.3%, up +5.3% compared to the same period last year (76.3%).
- Los Angeles ADR was $141.60 and ranked 8th among the Top 25 Markets, up +6.8% compared to the same period last year ($132.63).
- Los Angeles RevPAR was $113.76 and ranked 7th among the Top 25 Markets, up +12.5 compared to the same period last year ($101.15).
- Rooms nights sold were 2.42 million countywide, reflecting a +5.9% increase over March 2013 (2.28 million room nights).
- The LAX area (87.4%) and Hollywood/Beverly Hills (84.5%) both reported the highest Occupancy rate for the month.
- Pasadena/Glendale/Burbank (+17.4%) and Los Angeles East (+17.0%) reported the largest YOY RevPAR growth.
2014 Jan-Mar YTD
- Los Angeles ranked 4th place among the Top 25 Markets with a YTD Occupancy rate of 77.2%, up +4.7% compared to the same period last year (73.7%).
o Markets ranking higher are Oahu Island (85.6%), Miami (84.6%), and Orlando (79.3%).
- Los Angeles YTD ADR is $142.69 and ranks 7th out of the Top 25 Markets, up +6.4% compared to the same period last year ($134.10).
- Los Angeles YTD RevPAR is $110.10 and ranks 6th out of the Top 25 Markets, up +11.4% compared to the same period last year ($98.80).
- YTD rooms nights sold are 6.74 million countywide, reflecting a +5.4% increase over 2013 (6.40 million room nights).
- The LAX area reported the highest YTD occupancy at 85.8%, followed by Hollywood/Beverly Hills (82.5%) and Pasadena/Glendale/Burbank (80.2%).
- Pasadena/Glendale/Burbank (+17.8%) and Los Angeles East (+15.6%) reported the largest YOY RevPAR growth. Santa Monica reported the largest YTD ADR growth (+9.3).