March 2018 Lodging Metrics

March 2018
•  Los Angeles ranked 10th among the Top 25 Markets with an Occupancy rate of 82.0%, down -1.2% compared to March 2017 (83.1%).
•  Los Angeles ADR was $179.19 and ranked 6th among the Top 25 Markets, up +3.8% compared to March 2017 ($172.62).
•  Los Angeles RevPAR was $147.01 and ranked 7th among the Top 25 Markets, up +2.5% compared to March 2017 ($143.37).
•  Rooms nights sold were 2.63 million countywide, up +3.3% over March 2017 (2.55 million room nights).
•  The LAX Area (87.8%) reported the highest occupancy rate for the month.    
 

2018 Jan-Mar YTD
•  Los Angeles ranked 7th among the Top 25 Markets with a YTD Occupancy rate of 78.3%, down -1.3% compared to the same period last year (79.3%).
o Markets ranking higher than Los Angeles in YTD occupancy are Miami (85.3%), Oahu Island (84.3%), Orlando (84.0%), Phoenix (80.6%), New York (80.4%), and Tampa (79.4%).
•  Los Angeles YTD ADR is $177.19 and ranks 5th out of the Top 25 Markets, up +4.0% compared to the same period last year ($170.30).  
•  Los Angeles YTD RevPAR is $138.77 and ranks 5th out of the Top 25 Markets, up +2.7% compared to the same period last year ($135.09).  
•  YTD rooms nights sold are 7.28 million countywide, reflecting a +3.3% increase over 2017 (7.05 million room nights).
•  The LAX Area (85.4%) and Santa Monica/Marina Del Rey (83.9%) reported the highest occupancy rate year to date.

Source: STR