August 2017 Lodging Metrics

August 2017
•  Los Angeles ranked 5th place among the Top 25 Markets with an Occupancy rate of 83.7%, down -2.9% compared to August 2016 (86.3%).
•  Los Angeles ADR was $192.21 and ranked 6th among the Top 25 Markets, up +0.5% compared to August 2016 ($191.30).
•  Los Angeles RevPAR was $160.96 and ranked 6th among the Top 25 Markets, down -2.5% compared to August 2016 ($165.03).
•  Rooms nights sold were 2.64 million countywide, up +0.9% over August 2016 (2.62 million room nights).
•  Santa Monica/Marina Del Rey (91.3%) reported the highest occupancy rate for the month. 

2017 Jan-Aug YTD
•  Los Angeles ranked 4th place among the Top 25 Markets with a YTD Occupancy rate of 82.0%, down -1.4% compared to the same period last year (83.2%).
o Markets ranking higher than Los Angeles in YTD occupancy are New York (85.3%), San Francisco (84.1%), and Oahu Island (83.6%).
•  Los Angeles YTD ADR is $177.98 and ranks 6th out of the Top 25 Markets, up +1.3% compared to the same period last year ($175.71).  
•  Los Angeles YTD RevPAR is $145.89 and ranks 5th out of the Top 25 Markets, down -0.2% compared to the same period last year ($146.11).  
•  YTD rooms nights sold are 19.92 million countywide, reflecting a +0.6% increase over 2016 (19.80 million room nights).
•  The LAX Area (86.6%) and Santa Monica/Marina Del (85.5%) reported the highest occupancy rate year to date.