TMD Lodging Performance (January – June 2017)

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