June 2014
• Los Angeles ranked 7th place among the Top 25 Markets with an Occupancy rate of 83.3%, up +0.6% compared to the same period last year (82.8%).
• Los Angeles ADR was $150.10 and ranked 7th among the Top 25 Markets, up +5.6% compared to the same period last year ($142.13).
• Los Angeles RevPAR was $125.00 and ranked 6th among the Top 25 Markets, up +6.2% compared to the same period last year ($117.71).
• Rooms nights sold were 2.44 million countywide, reflecting a +1.6% increase over June 2013 (2.40 million room nights).
• The LAX area (91.3%) and Pasadena/Glendale/Burbank (85.4%) both reported the highest Occupancy rate for the month.
• For the month of June, 9 out of the 10 submarkets reported an average occupancy rate over 80%.
• LA East (+12.5%) and South Bay (+10.4%) reported the largest YOY RevPAR growth.
2014 Jan-Jun YTD
• Los Angeles ranked 5th place among the Top 25 Markets with a YTD Occupancy rate of 79.1%, up +3.9% compared to the same period last year (76.1%).
o Markets ranking higher are Oahu Island (83.6%), New York City (82.6%), San Francisco (82.0%), and Miami (81.3%).
• Los Angeles YTD ADR is $144.06 and ranks 8th out of the Top 25 Markets, up +5.9% compared to the same period last year ($135.97).
• Los Angeles YTD RevPAR is $113.96 and ranks 6th out of the Top 25 Markets, up +10.1% compared to the same period last year ($103.52).
• YTD rooms nights sold are 13.94 million countywide, reflecting a +4.7% increase over 2013 (13.31 million room nights).
• TheLAX area reported the highest YTD occupancy at 97.6%, followed by Hollywood/Beverly Hills (83.1%) and Santa Monica/MDR (82.2%).
• LA East (+14.5%) and Pasadena/Glendale/Burbank (+14.1%) reported the largest YOY RevPAR growth. Santa Monica reported the largest YTD ADR growth (+10.0%).