July 2013
- Los Angeles ranked 7th place among the Top 25 Markets with an Occupancy rate of 85.1%, up +1.5% compared to the same period last year (83.8%).
- Los Angeles ADR was $139.78 and ranked 9th among the Top 25 Markets, up +2.6% compared to the same period last year ($136.18).
- Los Angeles RevPAR was $118.91 and ranked 8th among the Top 25 Markets, up +4.1% compared to the same period last year ($114.18).
- Rooms nights sold were 2.56 million countywide, reflecting a +2.1% increase over July 2012 (2.51 million room nights).
- The LAX area (91.8%) and Santa Monica/Marina Del Rey (89.4%) both reported the highest Occupancy rate for the month.
- Los Angeles Southeast (+10.5%) and South Bay (+8.6%) reported the largest YOY RevPAR growth both driven by sizeable ADR increases.
2013 Jan-Jul YTD
- Los Angeles is maintaining 5th place among the Top 25 Markets with a YTD Occupancy rate of 77.5%, up +1.7% compared to the same period last year (76.1%).
- Markets ranking higher are Oahu Island (84.6%), New York City (83.1%), San Francisco (81.7%) and Miami (80.2%).
- Los Angeles YTD ADR is $136.29 and ranks 9th out of the Top 25 Markets, up +4.6% compared to the same period last year ($130.29).
- Los Angeles YTD RevPAR is $105.58 and ranks 6th out of the Top 25 Markets, up +6.4% compared to the same period last year ($99.20).
- YTD rooms nights sold are 15.92 million countywide, reflecting a +1.8% increase over 2012 (15.64 million room nights).
- The LAX area reported the highest YTD occupancy at 84.8%, followed by Santa Monica/MDR (83.1%) and Hollywood/West Hollywood (82.3%).
- Los Angeles Southeast (+9.5%) and South Bay (+8.9%) reported the largest YOY RevPAR growth. Santa Monica reported the largest YTD ADR growth (+7.8%).