TMD Lodging Performance: January – September 2015

LAX Gateway Pylons | Photo courtesy of Los Angeles International Airport, Facebook
enlarge photo [+]

TMD Hotels in the City of Los Angeles continue to out-perform non-TMD hotels within the County and top markets in the United States. Since the inception of the TMD in 2011, TMD hotels continue to see increases in occupancy, ADR and RevPar. 

Occupancy:

TMD hotels continue to see an increase in the occupancy rate year over year. For the first nine months of 2015 (January – September) TMD hotel occupancy saw a slight increase with an occupancy rate of 82.7%. 

TMD hotels have also shown a higher occupancy rate for these months than all of Los Angeles County (81.3%), the Top 25 U.S markets (75%) and the Total U.S (67.3%).

ADR:

For the first nine months of 2015 (January – September) TMD hotels continue to see an increase in ADR at $173.17. This is up almost $13 from the same time last year. 

For the first nine months of 2014 (January – September), the ADR for TMD hotels continue to outpace all of Los Angeles County ($159.83), the Top 25 U.S Markets ($146.73) and the Total U.S ($120.35).

RevPAR

TMD hotels continue to see an increase in RevPAR year over year. In the first nine months of 2015 (January – September), RevPar reached another “All-time high” of $143.20, an increase of 8.2% over the same period in 2014. 

For the first nine months of 2015 (January – September), TMD hotels have shown a higher RevPAR than all of Los Angeles County ($129.96), the Top 25 U.S Markets ($110.06) and the Total U.S ($80.94).

Author

Tourism Marketing District