April 2014
- Los Angeles ranked 5th place among the Top 25 Markets with an Occupancy rate of 80.4%, up +3.9% compared to the same period last year (77.4%).
- Los Angeles ADR was $144.91 and ranked 8th among the Top 25 Markets, up +4.7% compared to the same period last year ($138.36).
- Los Angeles RevPAR was $116.47 and ranked 8th among the Top 25 Markets, up +8.8% compared to the same period last year ($107.04).
- Rooms nights sold were 2.34 million countywide, reflecting a +4.4% increase over April 2013 (2.24 million room nights).
- The LAX area (87.3%) and Santa Monica/Marina Del Rey (86.9%) both reported the highest Occupancy rate for the month.
- Santa Monica/Marina Del Rey (+15.1%) and South Bay (+14.1%) reported the largest YOY RevPAR growth.
2014 Jan-Apr YTD
• Los Angeles ranked 6th place among the Top 25 Markets with a YTD Occupancy rate of 78.0%, up +4.6% compared to the same period last year (74.6%).
o Markets ranking higher are Oahu Island (83.7%), Miami (83.6%), San Francisco (79.2%), Orlando (78.8%), and New York City (78.7%),
• Los Angeles YTD ADR is $143.24 and ranks 8th out of the Top 25 Markets, up +5.9% compared to the same period last year ($135.21).
• Los Angeles YTD RevPAR is $111.73 and ranks 7th out of the Top 25 Markets, up +10.8% compared to the same period last year ($100.87).
• YTD rooms nights sold are 9.09 million countywide, reflecting a +5.2% increase over 2013 (8.64 million room nights).
• The LAX area reported the highest YTD occupancy at 86.2%, followed by Hollywood/Beverly Hills (83.4%) and Santa Monica/MDR (81.7%).
• Pasadena/Glendale/Burbank (+15.2%) and LA East (+14.7%) reported the largest YOY RevPAR growth. Santa Monica reported the largest YTD ADR growth (+9.8).