March 2013 Lodging Metrics

March 2013

  • Los Angeles ranked 10th place among the Top 25 Markets with an Occupancy rate of 76.2%, up +0.2% compared to the same period last year (76.0%).
  • Los Angeles ADR was $130.91 and ranked 9th among the Top 25 Markets, up +2.8% compared to the same period last year ($127.36).
  • Los Angeles RevPAR was $99.75 and ranked 11th among the Top 25 Markets, up +3.0% compared to the same period last year ($96.82).
  • Rooms nights sold were 2.29 million countywide, reflecting a +0.3% increase over March 2012 (2.28 million room nights).
  • The LAX area (83.7%) and Hollywood/Beverly Hills (81.6%) both reported the highest Occupancy rate for the month.
  • Los Angeles Southeast (+12.4%) and Santa Monica/MDR (+9.6%) reported the largest YOY RevPAR growth both driven by sizeable ADR increases.

2013 Jan-Mar YTD

  • Los Angeles ranked 6th place among the Top 25 Markets with a YTD Occupancy rate of 73.7%, up +2.3% compared to the same period last year (72.0%).
  • Markets ranking higher are Honolulu (86.2%), Miami (86.0%), New York City (78.2%), Orlando (76.7%) and very narrowly San Francisco (73.8%).
  • Los Angeles YTD ADR was $133.26 and ranked 9th out of the Top 25 Markets, up +4.3% compared to the same period last year ($127.81). 
  • Los Angeles YTD RevPAR was $98.17 and ranked 6th out of the Top 25 Markets, up +6.7% compared to the same period last year ($92.00). 
  • YTD rooms nights sold were 6.41 million countywide, reflecting a +2.2% increase over 2012 (6.28 million room nights).
  • The LAX area reported the highest YTD occupancy at 80.2%, followed by Santa Monica/MDR (78.6%), and Hollywood/Beverly Hills (78.5%).
  • Santa Monica/MDR reported the highest YTD growth of any submarket for ADR (+9.1%), and RevPAR (+10.6%). South Bay reported the largest YTD growth for occupancy (+4.8%).