March 2015 - Lodging Metrics

LAX Gateway | Photo courtesy of LAX, Facebook
Property of Discover Los Angeles

March 2015

• Los Angeles ranked 8th place among the Top 25 Markets with an Occupancy rate of 82.5%, up +2.9% compared to the same period last year (80.2%).
• Los Angeles ADR was $153.26 and ranked 9th among the Top 25 Markets, up +7.8% compared to the same period last year ($142.14).
• Los Angeles RevPAR was $126.51 and ranked 9th among the Top 25 Markets, up +10.9% compared to the same period last year ($114.04).
• Rooms nights sold were 2.50 million countywide, reflecting a +4.0% increase over March 2014 (2.40 million room nights).
• The LAX area (88.1%) and Santa Monica/Marina Del Rey (86.4%) both reported the highest Occupancy rate for the month. 

Property of Discover Los Angeles

2015 Jan-Mar YTD

• Los Angeles ranked 7th place among the Top 25 Markets with a YTD Occupancy rate of 78.0%, up +1.2% compared to the same period last year (77.1%).
o Markets ranking higher are Miami (84.9%), Oahu Island (83.4%), Orlando (81.9%), Tampa (81.1%), Phoenix (80.4%), and San Francisco (78.8%).
• Los Angeles YTD ADR is $152.48 and ranks 8th out of the Top 25 Markets, up +6.6% compared to the same period last year ($143.10). 
• Los Angeles YTD RevPAR is $118.94 and ranks 6th out of the Top 25 Markets, up +7.9% compared to the same period last year ($110.28). 
• YTD rooms nights sold are 6.87 million countywide, reflecting a +2.5% increase over 2014 (6.70 million room nights).
• The LAX area reported the highest YTD occupancy at 85.0%, followed by Santa Monica/MDR (82.3%).