November 2014 Lodging Metrics
• Los Angeles ranked 5th place among the Top 25 Markets with an Occupancy rate of 72.4%, flat from last year’s November Occupancy.
• Los Angeles ADR was $144.64 and ranked 8th among the Top 25 Markets, up +6.4% compared to the same period last year ($135.90).
• Los Angeles RevPAR was $104.79 and ranked 7th among the Top 25 Markets, up +6.4% compared to the same period last year ($98.44).
• Rooms nights sold were 2.13 million countywide, reflecting a +0.9% increase over November 2013 (2.11 million room nights).
• The LAX area (76.8%) and Santa Monica/Marina Del Rey (75.5%) both reported the highest Occupancy rate for the month.
• Long Beach (+15.9%) and LA North (+12.3%) reported the largest YOY RevPAR growth.
2014 Jan-Nov YTD
• Los Angeles ranked 4th place among the Top 25 Markets with a YTD Occupancy rate of 79.8%, up +2.7% compared to the same period last year (77.7%).
• Markets ranking higher are New York City (84.9%), San Francisco (84.8%), and Oahu Island (84.7%).
• Los Angeles YTD ADR is $147.94 and ranks 6th out of the Top 25 Markets, up +7.4% compared to the same period last year ($137.81).
• Los Angeles YTD RevPAR is $118.10 and ranks 6th out of the Top 25 Markets, up +10.3% compared to the same period last year ($107.07).
• YTD rooms nights sold are 25.97 million countywide, reflecting a +3.1% increase over 2013 (25.19 million room nights).
• The LAX area reported the highest YTD occupancy at 87.3%, followed by Hollywood/Beverly Hills (83.7%) and Santa Monica/MDR (83.6%).
• The LAX area (+12.8%) and South Bay (+12.5%) reported the largest YOY RevPAR growth. Downtown LA reported the largest YTD ADR growth (+10.2%).