May 2013 Lodging Metrics
May 2013
- Los Angeles ranked 5th place among the Top 25 Markets with an Occupancy rate of 75.6%, up +1.0% compared to the same period last year (74.9%).
- Los Angeles ADR was $132.45 and ranked 10th among the Top 25 Markets, up +4.7% compared to the same period last year ($126.46).
- Los Angeles RevPAR was $100.14 and ranked 8th among the Top 25 Markets, up +5.8% compared to the same period last year ($94.68).
- Room nights sold were 2.27 million countywide, reflecting a +1.0% increase over May 2012 (2.25 million room nights).
- The LAX area (85.4%) and Santa Monica/MDR (81.8%) both reported the highest Occupancy rate for the month.
- Los Angeles Southeast (+11.2%) and Downtown LA (+8.9%) reported the largest YOY RevPAR growth both driven by sizeable ADR increases.
2013 Jan-May YTD
- Los Angeles climbed to 5th place among the Top 25 Markets with a YTD Occupancy rate of 74.8%, up +2.1% compared to the same period last year (73.2%).
- Markets ranking higher are Honolulu (84.0%), Miami (82.5%), New York City (81.5%), and San Francisco (78.5%).
- Los Angeles YTD ADR was $134.34 and ranked 8th out of the Top 25 Markets, up +5.2% compared to the same period last year ($127.68).
- Los Angeles YTD RevPAR was $100.45 and ranked 8th out of the Top 25 Markets, up +7.5% compared to the same period last year ($93.46).
- YTD room nights sold were 10.94 million countywide, reflecting a +2.0% increase over 2012 (10.72 million room nights).
- The LAX area reported the highest YTD occupancy at 82.1%, followed by Santa Monica/MDR (80.3%) and Hollywood/Beverly Hills (79.6%).
- Los Angeles Southeast (+10.1%) and Santa Monica/MDR (+10.0%) reported the largest YOY RevPAR growth. South Bay reported the largest YOY growth for occupancy (+4.4%).
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