August 2018 Lodging Metrics

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August 2018
•  Los Angeles ranked 6th place among the Top 25 Markets with an Occupancy rate of 84.7%, up +1.1% compared to August 2017 (83.7%).
•  Los Angeles ADR was $194.40 and ranked 6th among the Top 25 Markets, up +0.8% compared to August 2017 ($192.78).
•  Los Angeles RevPAR was $164.67 and ranked 6th among the Top 25 Markets, up +2.0% compared to August 2017 ($161.44).
•  Rooms nights sold were 2.72 million countywide, up +3.3% over August 2017 (2.64 million room nights).
•  Santa Monica/Marina Del Rey (92.0%) reported the highest occupancy rate for the month.    

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2018 Jan-Aug YTD
•  Los Angeles ranked 4th place among the Top 25 Markets with a YTD Occupancy rate of 81.1%, down -0.8% compared to the same period last year (81.8%).
o Markets ranking higher than Los Angeles in YTD occupancy are New York (86.4%), Oahu Island (84.9%) and San Francisco (83.2%).
•  Los Angeles YTD ADR is $182.96 and ranks 6th out of the Top 25 Markets, up +2.7% compared to the same period last year ($178.23).  
•  Los Angeles YTD RevPAR is $148.46 and ranks 5th out of the Top 25 Markets, up +1.9% compared to the same period last year ($145.72).  
•  YTD rooms nights sold are 20.44 million countywide, reflecting a +2.9% increase over 2017 (19.86 million room nights).
•  The LAX Area (87.6%) and Santa Monica/Marina Del Rey (87.0%) reported the highest occupancy rate year to date.

Source: STR