December 2013 Lodging Metrics

December 2013

Los Angeles ranked 7th place among the Top 25 Markets with an Occupancy rate of 66.5%, up +3.2% compared to the same period last year (64.4%).
Los Angeles ADR was $128.81 and ranked 7th among the Top 25 Markets, up +5.8% compared to the same period last year ($121.75).
Los Angeles RevPAR was $85.60 and ranked 5th among the Top 25 Markets, up +9.2% compared to the same period last year ($78.39).
Rooms nights sold were 1.99 million countywide, reflecting a +3.7% increase over December 2012 (1.93 million room nights).
The LAX area (73.9%) and Pasadena/Glendale/Burbank (69.3%) both reported the highest Occupancy rate for the month.
South Bay (+13.9%) and Los Angeles Southeast (+11.9%) reported the largest YOY RevPAR growth both driven by sizeable ADR increases.

Los Angeles ranks 5th place among the Top 25 Markets with a YE Occupancy rate of 76.8%, up +1.9% compared to the same period last year (75.4%).
Markets ranking higher are New York City (84.6%), Oahu Island (83.7%), San Francisco (83.0%), and Miami (77.9%).

Los Angeles YE ADR is $136.55 and ranks 8th out of the Top 25 Markets, up +4.8% compared to the same period last year ($130.34).
Los Angeles YE RevPAR is $104.84 and ranks 6th out of the Top 25 Markets, up +6.8% compared to the same period last year ($98.21).
YE rooms nights sold are 27.19 million countywide, reflecting a +2.2% increase over 2012 (26.61 million room nights).
The LAX area reported the highest YE occupancy at 83.9%, followed by Santa Monica/MDR (81.5%) and Hollywood/Beverly Hills (81.0%).
Los Angeles Southeast (+9.8%) and South Bay (+9.2%) reported the largest YOY RevPAR growth. Santa Monica reported the largest YTD ADR growth (+7.6).