November 2016 Lodging Metrics

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November 2016

• Los Angeles ranked 4th place among the Top 25 Markets with an Occupancy rate of 75.5%, up +4.5% compared to the same period last year (72.3%).
• Los Angeles ADR was $164.67 and ranked 6th among the Top 25 Markets, up +7.8% compared to the same period last year ($152.76).
• Los Angeles RevPAR was $124.32 and ranked 6th among the Top 25 Markets, up +12.6% compared to the same period last year ($110.38).
• Rooms nights sold were 2.23 million countywide, up +4.8% over November 2015 (2.13 million room nights).
• Santa Monica/Marina Del Rey (80.1%) and the LAX Area (79.7%) reported the highest occupancy rate for the month.

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2016 Jan-Nov YTD

• Los Angeles ranked 4th place among the Top 25 Markets with a YTD Occupancy rate of 82.5%, up +2.5% compared to the same period last year (80.4%)
           - Markets ranking higher are New York (85.7%), San Francisco (85.2%), and Oahu Island (84.4%).
• Los Angeles YTD ADR is $173.32 and ranks 6th out of the Top 25 Markets, up +8.8% compared to the same period last year ($159.27). 
• Los Angeles YTD RevPAR is $142.97 and ranks 5th out of the Top 25 Markets, up +11.6% compared to the same period last year ($128.13). 
• YTD rooms nights sold are 27.03 million countywide, reflecting a +2.4% increase over 2015 (26.39 million room nights).
• Santa Monica/Marina Del Rey (85.6%) and the LAX Area (85.6%) reported the highest occupancy rate year to date.