Lodging Metrics - March 2019

•  Los Angeles ranked 8th among the Top 25 Markets with an Occupancy rate of 81.8%, down -0.2% compared to March 2018 (81.9%).

•  Los Angeles ADR was $175.22 and ranked 7th among the Top 25 Markets, down -2.6% compared to March 2018 ($179.95).

•  Los Angeles RevPAR was $143.26 and ranked 8th among the Top 25 Markets, down -2.8% compared to March 2018 ($147.43).

•  Rooms nights sold were 2.65 million countywide, up +0.6% over March 2018 (2.64 million room nights).

•  The LAX Area (89.2%) reported the highest occupancy rate for the month.   

•  Los Angeles ranked 6th among the Top 25 Markets with a YTD Occupancy rate of 77.5%, down -0.7% compared to the same period last year (78.1%).

o Markets ranking higher than Los Angeles in year-to-date occupancy are Miami (83.0%), Oahu Island (83.0%), Orlando (82.3%), Phoenix (81.6%), and Tampa (81.2%).

•  Los Angeles YTD ADR is $176.22 and ranks 5th out of the Top 25 Markets, down -1.0% compared to the same period last year ($177.97). 

•  Los Angeles YTD RevPAR is $136.65 and ranks 6th out of the Top 25 Markets, down -1.7% compared to the same period last year ($139.01). 

•  YTD rooms nights sold are 7.29 million countywide, reflecting a +0.2% increase over 2018 (7.28 million room nights).

•  The LAX Area (85.3%) and Santa Monica/Marina Del Rey (82.6%) reported the highest occupancy rate year to date.