August 2015 Lodging Metrics

August 2015 Lodging Metrics

· Los Angeles ranked 7th place among the Top 25 Markets with an Occupancy rate of 86.0%, down -1.2% compared to the same period last year (87.0%).

· Los Angeles ADR was $178.88 and ranked 6th among the Top 25 Markets, up +9.0% compared to the same period last year ($164.05).

· Los Angeles RevPAR was $153.84 and ranked 6th among the Top 25 Markets, up +7.8% compared to the same period last year ($142.77).

· Rooms nights sold were 2.61 million countywide, down -0.9% over August 2014 (2.63 million room nights).

· Santa Monica/Marina Del Rey (90.7%) and the Hollywood/West Hollywood (89.9%) and both reported the highest Occupancy rate for the month.

· Los Angeles ranked 4th place among the Top 25 Markets with a YTD Occupancy rate of 81.4%, up +0.5% compared to the same period last year (81.0%).

o Markets ranking higher are Oahu Island (85.0%), San Francisco (85.0%), and New York (83.7%).

· Los Angeles YTD ADR is $160.40 and ranks 6th out of the Top 25 Markets, up +8.0% compared to the same period last year ($148.56).

·Los Angeles YTD RevPAR is $130.63 and ranks 6th out of the Top 25 Markets, up +8.5% compared to the same period last year ($120.36).

· YTD rooms nights sold are 19.34 million countywide, reflecting a +1.0% increase over 2014 (19.15 million room nights).

· The LAX area reported the highest YTD occupancy at 87.7%, followed by South Bay (85.5%).