November 2017 Lodging Metrics

November 2017
•  Los Angeles ranked 6th place among the Top 25 Markets with an Occupancy rate of 74.4%, down -1.1% compared to November 2016 (75.2%).
•  Los Angeles ADR was $169.80 and ranked 6th among the Top 25 Markets, up +2.6% compared to November 2016 ($165.54).
•  Los Angeles RevPAR was $126.27 and ranked 6th among the Top 25 Markets, up +1.4% compared to November 2016 ($124.50).
•  Rooms nights sold were 2.28 million countywide, up +2.4% over November 2016 (2.23 million room nights).
•  The LAX Area (78.5%) reported the highest occupancy rate for the month.    
 

2017 Jan-Nov YTD
•  Los Angeles ranked 4th place among the Top 25 Markets with a YTD Occupancy rate of 81.0%, down -1.6% compared to the same period last year (82.3%).
o Markets ranking higher than Los Angeles in YTD occupancy are New York (86.5%), San Francisco (83.9%), and Oahu Island (83.4%).
•  Los Angeles YTD ADR is $177.02 and ranks 6th out of the Top 25 Markets, up +1.8% compared to the same period last year ($173.92).  
•  Los Angeles YTD RevPAR is $143.46 and ranks 5th out of the Top 25 Markets, up +0.2% compared to the same period last year ($143.21).  
•  YTD rooms nights sold are 27.16 million countywide, reflecting a +0.6% increase over 2016 (27.00 million room nights).
•  The LAX Area (85.6%) and Santa Monica/Marina Del Rey (85.0%) reported the highest occupancy rate year to date.

Source - Smith Travel Research