TMD Lodging Performance (January – March)

TMD hotels continue to outperform Los Angeles County hotels as well as hotels in the top 25 U.S Markets for January – March, 2017. Occupancy: In the first three months of 2017 (January - March), TMD hotels saw an average occupancy rate of 81.0%, down 2.6% from the same time last year. The Top 25 markets averaged 70.3% in this same timeframe. ADR: In the first three months of 2017 (January - March), TMD hotels saw an Average Daily Rate of $185.86, down 2.0% from the same time last year. The Top 25 markets averaged $148.95 in this same timeframe.RevPar: In the first three months of 2017 (January - March), TMD hotels saw a RevPAR of $150.52, down 4.5% from the same time last year. The Top 25 markets averaged $104.78 in this same timeframe.As a reminder, the 2016 SoCal Gas Leak may be a contributing factor in the year-over-year declines, particularly in L.A. North (The Valley) and Hollywood.