TMD Lodging Performance (January – June 2017)

LAX Gateway Pylons | Photo courtesy of Los Angeles International Airport, Facebook


TMD hotels performed strongly compared to L.A. County hotels and the top 25 U.S. markets for the first six months of 2017 (Jan – June).

Occupancy: In the first six months of 2017 (January - June), TMD hotels saw an average occupancy rate of 82.3%, down 0.3% from the same time last year. L.A. County hotels averaged 81.2% while the top 25 markets averaged 73.8% in this same timeframe. Please note, room nights sold (demand) increased by 1.5% year-over-year, however supply grew at a faster rate (1.8%) resulting in decreased occupancy for the timeframe.

ADR: In the first six months of 2017 (January - June), TMD hotels saw an Average Daily Rate of $191.51, up 0.4% from the same time last year. L.A. County hotels averaged $173.23 while the top 25 markets averaged $152.95 in this same timeframe.

RevPar:
In the first six months of 2017 (January - June), TMD hotels saw a RevPAR of $157.63, up 0.2% from the same time last year. L.A. County hotels averaged $140.62 while the top 25 markets averaged $112.84 in this same timeframe.