September 2014
• Los Angeles ranked 8th place among the Top 25 Markets with an Occupancy rate of 76.7%, the same as September 2013.
• Los Angeles ADR was $143.57 and ranked 8th among the Top 25 Markets, up +7.3% compared to the same period last year ($133.83).
• Los Angeles RevPAR was $110.18 and ranked 8th among the Top 25 Markets, up +7.3% compared to the same period last year ($102.66).
• Rooms nights sold were 2.25 million countywide, reflecting a +1.6% increase over September 2013 (2.22 million room nights).
• The LAX area (85.0%) and Santa Monica/Marina Del Rey (83.0%) both reported the highest Occupancy rate for the month.
• Long Beach (+12.9%) and LA East (+11.3%) reported the largest YOY RevPAR growth.
2014 Jan-Sep YTD
• Los Angeles ranked 4th place among the Top 25 Markets with a YTD Occupancy rate of 80.7%, up +3.1% compared to the same period last year (78.2%).
• Markets ranking higher are Oahu Island (85.2%), San Francisco (85.1%), and New York City (84.6%),
• Los Angeles YTD ADR is $147.99 and ranks 6th out of the Top 25 Markets, up +7.5% compared to the same period last year ($137.71).
• Los Angeles YTD RevPAR is $119.39 and ranks 6th out of the Top 25 Markets, up +10.8% compared to the same period last year ($107.72).
• YTD rooms nights sold are 21.42 million countywide, reflecting a +3.9% increase over 2013 (20.62 million room nights).
• The LAX area reported the highest YTD occupancy at 88.6%, followed by Hollywood/Beverly Hills (84.6%) and Santa Monica/MDR (84.3%).
• LA East (+14.3%) and Pasadena/Glendale/Burbank (+13.3%) reported the largest YOY RevPAR growth. Downtown LA reported the largest YTD ADR growth (+10.1).