April 2017 Lodging Metrics

April 2017
•  Los Angeles ranked 4th among the Top 25 Markets with an Occupancy rate of 81.8%, down -1.6% compared to April 2016 (83.1%).
•  Los Angeles ADR was $171.60 and ranked 7th among the Top 25 Markets, down -1.2% compared to April 2016 ($173.76).
•  Los Angeles RevPAR was $140.37 and ranked 7th among the Top 25 Markets, down -2.8% compared to April 2016 ($144.47).
•  Rooms nights sold were 2.44 million countywide, up +0.2% over April 2016 (2.44 million room nights).
•  Hollywood/Beverly Hills (85.0%) reported the highest occupancy rate for the month.    

2017 Jan-Apr YTD
•  Los Angeles ranked 6th among the Top 25 Markets with a YTD Occupancy rate of 80.1%, down -2.2% compared to the same period last year (81.9%).
o Markets ranking higher than Los Angeles in YTD occupancy are Orlando (82.3%), Oahu Island (81.9%), Miami (81.7%), New York (80.7%) and San Francisco (80.2%).  
•  Los Angeles YTD ADR is $170.22 and ranks 6th out of the Top 25 Markets, down -0.4% compared to the same period last year ($170.97).  
•  Los Angeles YTD RevPAR is $136.38 and ranks 5th out of the Top 25 Markets, down -2.6% compared to the same period last year ($140.03).  
•  YTD rooms nights sold are 9.53 million countywide, reflecting a -1.0% decrease over 2016 (9.63 million room nights).
•  The LAX Area (85.5%) and South Bay (83.1%) reported the highest occupancy rate year to date.

Source - Smith Travel Research

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