January 2021 Lodging Performance L.A
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JANUARY 2021 LODGING PERFORMANCE L.A. COUNTY & CUSTOM REGIONS Occupancy % ADR $ RevPAR $ L.A. County & Submarkets Jan 2021 % Chg LY Jan 2021 % Chg LY Jan 2021 % Chg LY Los Angeles County 42.5 -41.4 109.92 -36.3 46.73 -62.7 Downtown L.A. (CBD) 23.1 -68.6 122.82 -43.2 28.38 -82.2 Hollywood/West Hollywood 28.0 -63.2 138.89 -41.0 38.93 -78.3 Beverly Hills/Westside L.A. 30.2 -59.4 207.11 -43.4 62.53 -77.0 Santa Monica/MDR/Venice/Malibu 19.3 -74.7 206.15 -27.2 39.84 -81.6 LAX Area/Inglewood/Culver City 40.2 -48.8 99.51 -26.8 40.03 -62.5 South Bay 50.5 -31.2 100.39 -24.3 50.71 -47.9 San Fernando Valley 49.2 -31.8 104.27 -27.3 51.34 -50.5 Pasadena/Arcadia/Monrovia 49.2 -32.0 96.80 -40.8 47.65 -59.8 L.A. East (San Gabriel Valley) 54.0 -18.3 86.70 -16.2 46.83 -31.6 L.A. Southeast (Gateway Cities) 54.7 -17.4 94.46 -8.8 51.70 -24.7 Updated: Tourism Insights CB 02/19/21 Source: Smith Travel Research Los Angeles Tourism & Convention Board 1 YTD 2021 LODGING PERFORMANCE L.A. COUNTY & CUSTOM REGIONS Occupancy % ADR $ RevPAR $ Jan YTD Jan YTD Jan YTD L.A. County & Submarkets % Chg LY % Chg LY % Chg LY 2021 2021 2021 Los Angeles County 42.5 -41.4 109.92 -36.3 46.73 -62.7 Downtown L.A. (CBD) 23.1 -68.6 122.82 -43.2 28.38 -82.2 Hollywood/West Hollywood 28.0 -63.2 138.89 -41.0 38.93 -78.3 Beverly Hills/Westside L.A. 30.2 -59.4 207.11 -43.4 62.53 -77.0 Santa Monica/MDR/Venice/Malibu 19.3 -74.7 206.15 -27.2 39.84 -81.6 LAX Area/Inglewood/Culver City 40.2 -48.8 99.51 -26.8 40.03 -62.5 South Bay 50.5 -31.2 100.39 -24.3 50.71 -47.9 San Fernando Valley 49.2 -31.8 104.27 -27.3 51.34 -50.5 Pasadena/Arcadia/Monrovia 49.2 -32.0 96.80 -40.8 47.65 -59.8 L.A. East (San Gabriel Valley) 54.0 -18.3 86.70 -16.2 46.83 -31.6 L.A. Southeast (Gateway Cities) 54.7 -17.4 94.46 -8.8 51.70 -24.7 Updated: Tourism Insights CB 02/19/21 Source: Smith Travel Research Los Angeles Tourism & Convention Board 2 PROPERTY & ROOM CENSUS: JANUARY 2021 Total Properties % Total Rooms % LOS ANGELES COUNTY, CA 1,209 100.0% 105,464 100.0% Downtown L.A. (Full Region) 152 12.6% 13,489 12.8% Downtown L.A. (Central Business District) 23 1.9% 8,045 7.6% Hollywood/West Hollywood 86 7.1% 7,866 7.5% Beverly Hills/Westside L.A. 59 4.9% 6,667 6.3% LAX Area/Inglewood/Culver City 97 8.0% 14,772 14.0% Long Beach 77 6.4% 5,592 5.3% South Bay 156 12.9% 12,457 11.8% L.A. Southeast (Gateway Cities) 139 11.5% 7,712 7.3% Santa Monica/MDR/Venice/Malibu 66 5.5% 6,371 6.0% L.A. East (San Gabriel Valley/Pomona) 146 12.1% 10,657 10.1% Los Angeles North (inc SF Valley) 153 12.7% 12,700 12.0% San Fernando Valley (only) 138 11.4% 11,991 11.4% Pasadena/Arcadia/Monrovia 37 3.1% 4,064 3.9% Updated: Tourism Insights CB 02/19/21 Source: Smith Travel Research Los Angeles Tourism & Convention Board 3 H O T E L S O P E N E D I N 2 0 2 0/2021 Number of Hotel L.A. County Submarket Opening Date Rooms Courtyard Marina Del Rey Santa Monica/Marina Del Rey Jan-21 159 Hyatt House USC Downtown L.A. Metro Dec-20 200 Residence Inn Los Angeles Glendale Pasadena/Glendale/Burbank Oct-20 145 Residence Inn Marina Del Rey Santa Monica/Marina Del Rey Sep-20 129 Hotel Mariposa San Fernando Valley Sep-20 96 Staybridge Suites Long Beach Airport Long Beach Aug-20 125 Tribute Portfolio The Glenmark, Glendale Pasadena/Glendale/Burbank Jul-20 85 Courtyard Thousand Oaks Agoura Hills Los Angeles North Jul-20 129 TownePlace Suites Thousand Oaks Agoura Hills Los Angeles North Jul-20 96 Hotel June Los Angeles Airport Jun-20 250 The Wayfarer Downtown LA Downtown L.A. Feb-20 156 The Prospect Hollywood Hollywood/Beverly Hills/Westside Feb-20 24 Updated: Tourism Insights CB 02/19/21 Source: Smith Travel Research Los Angeles Tourism & Convention Board 4.