February 2018 Lodging Metrics

February 2018
•  Los Angeles ranked 7th place among the Top 25 Markets with an Occupancy rate of 80.0%, down -0.3% compared to February 2017 (80.2%).
•  Los Angeles ADR was $179.83 and ranked 5th among the Top 25 Markets, up +4.5% compared to February 2017 ($172.10).
•  Los Angeles RevPAR was $143.79 and ranked 6th among the Top 25 Markets, up +4.2% compared to February 2017 ($137.97).
•  Rooms nights sold were 2.32 million countywide, up +4.7% over February 2017 (2.21 million room nights).
•  The LAX Area (86.8%) reported the highest occupancy rate for the month.    

2018 Jan-Feb YTD
•  Los Angeles ranked 6th place among the Top 25 Markets with a YTD Occupancy rate of 76.3%, down -1.3% compared to the same period last year (77.4%).
o Markets ranking higher than Los Angeles in YTD occupancy are Oahu Island (85.1%), Miami (84.0%), Orlando (81.2%), Phoenix (77.1%), and New York (76.7%).
•  Los Angeles YTD ADR is $176.05 and ranks 5th out of the Top 25 Markets, up +4.2% compared to the same period last year ($168.99).  
•  Los Angeles YTD RevPAR is $134.41 and ranks 5th out of the Top 25 Markets, up +2.8% compared to the same period last year ($130.73).  
•  YTD rooms nights sold are 4.65 million countywide, reflecting a +3.4% increase over 2017 (4.50 million room nights).
•  The LAX Area (84.1%) and Santa Monica/Marina Del Rey (81.9%) reported the highest occupancy rate year to date.