October 2016 Lodging Metrics

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October 2016
•  Los Angeles ranked 4th place among the Top 25 Markets with an Occupancy rate of 82.9%, up +0.8% compared to the same period last year (82.3%).
•  Los Angeles ADR was $169.74 and ranked 6th among the Top 25 Markets, up +6.1% compared to the same period last year ($160.00).
•  Los Angeles RevPAR was $140.74 and ranked 5th among the Top 25 Markets, up +6.9% compared to the same period last year ($131.64).
•  Rooms nights sold were 2.53 million countywide, up +0.9% over October 2015 (2.51 million room nights).
•  Santa Monica/Marina Del Rey (87.5%) and the LAX Area (86.7%) reported the highest occupancy rate for the month.   

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2016 Jan-Oct YTD
•  Los Angeles ranked 4th place among the Top 25 Markets with a YTD Occupancy rate of 83.2%, up +2.4% compared to the same period last year (81.3%).
o Markets ranking higher are San Francisco (85.8%), New York City (85.5%), and Oahu Island (84.7%).
•  Los Angeles YTD ADR is $174.09 and ranks 6th out of the Top 25 Markets, up +8.9% compared to the same period last year ($159.84). 
•  Los Angeles YTD RevPAR is $144.82 and ranks 5th out of the Top 25 Markets, up +11.5% compared to the same period last year ($129.88). 
•  YTD rooms nights sold are 24.80 million countywide, reflecting a +2.2% increase over 2015 (24.26 million room nights).
•  Santa Monica/Marina Del Rey (86.2%) and the LAX Area (86.2%) reported the highest occupancy rate year to date.