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June 2020 Lodging Performance L.A

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June 2020 Lodging Performance L.A JUNE 2020 LODGING PERFORMANCE L.A. COUNTY & CUSTOM REGIONS Occupancy % ADR $ RevPAR $ L.A. County & Submarkets June 2020 % Chg LY June 2020 % Chg LY June 2020 % Chg LY Los Angeles County 42.3 -49.7 113.99 -39.0 48.19 -69.3 Downtown L.A. (CBD) 22.2 -72.9 128.90 -44.5 28.63 -84.9 Hollywood/West Hollywood 30.0 -65.3 150.70 -38.9 45.18 -78.8 Beverly Hills/Westside L.A. 31.8 -61.7 232.65 -35.3 73.98 -75.2 Santa Monica/MDR/Venice/Malibu 27.7 -67.0 206.91 -36.5 57.26 -79.1 LAX Area/Inglewood/Culver City 37.0 -59.5 106.20 -31.0 39.26 -72.0 South Bay 49.6 -42.2 108.37 -31.3 53.77 -60.3 San Fernando Valley 46.4 -46.1 98.44 -37.8 45.70 -66.4 Pasadena/Arcadia/Monrovia 49.1 -40.8 96.45 -40.2 47.32 -64.6 L.A. East (San Gabriel Valley) 53.3 -29.5 86.84 -21.9 46.31 -45.0 L.A. Southeast (Gateway Cities) 51.5 -36.6 91.64 -18.3 47.22 -48.3 Updated: Tourism Insights CB 07/21/20 Source: Smith Travel Research Los Angeles Tourism & Convention Board 1 YTD 2020 LODGING PERFORMANCE L.A. COUNTY & CUSTOM REGIONS Occupancy % ADR $ RevPAR $ Jan – Jun Jan - Jun Jan - Jun L.A. County & Submarkets % Chg LY % Chg LY % Chg LY YTD 2020 YTD 2020 YTD 2020 Los Angeles County 50.6 -36.3 151.27 -15.5 76.60 -46.2 Downtown L.A. (CBD) 42.5 -45.4 194.85 -11.8 82.90 -51.8 Hollywood/West Hollywood 47.5 -41.1 218.24 -7.2 103.57 -45.3 Beverly Hills/Westside L.A. 46.9 -41.4 331.96 -9.2 155.79 -46.7 Santa Monica/MDR/Venice/Malibu 44.0 -47.4 273.86 -11.5 120.52 -53.4 LAX Area/Inglewood/Culver City 52.2 -39.9 125.42 -12.8 65.41 -47.6 South Bay 54.5 -33.1 123.61 -14.8 67.32 -43.0 San Fernando Valley 52.5 -34.7 125.81 -16.7 65.67 -45.6 Pasadena/Arcadia/Monrovia 50.5 -34.2 137.57 -15.1 69.48 -44.1 L.A. East (San Gabriel Valley) 52.2 -27.4 95.39 -12.0 49.82 -36.1 L.A. Southeast (Gateway Cities) 54.2 -28.4 99.58 -7.8 53.96 -34.0 Updated: Tourism Insights CB 07/21/20 Source: Smith Travel Research Los Angeles Tourism & Convention Board 2 PROPERTY & ROOM CENSUS: JUNE 2020 Total Properties % Total Rooms % LOS ANGELES COUNTY, CA 993 100.0% 93,800 100.0% Downtown L.A. (Full Region) 98 9.9% 11,212 12.0% Downtown L.A. (Central Business District) 19 1.9% 7,458 8.0% Hollywood/West Hollywood 72 7.3% 5,671 6.0% Beverly Hills/Westside L.A. 52 5.2% 5,397 5.8% LAX Area/Inglewood/Culver City 82 8.3% 14,312 15.3% Long Beach 57 5.7% 5,584 6.0% South Bay 136 13.7% 11,775 12.6% L.A. Southeast (Gateway Cities) 108 10.9% 6,819 7.3% Santa Monica/MDR/Venice/Malibu 57 5.7% 5,277 5.6% L.A. East (San Gabriel Valley/Pomona) 132 13.3% 9,580 10.2% Los Angeles North (inc SF Valley) 132 13.3% 11,593 12.4% San Fernando Valley (only) 118 11.9% 11,163 11.9% Pasadena/Arcadia/Monrovia 34 3.4% 3,512 3.7% Updated: Tourism Insights CB 07/21/20 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 1 9 / 2 0 2 0 Number of Hotel L.A. County Submarket Opening Date Rooms The Wayfarer Downtown LA Downtown L.A. Feb-20 156 The Prospect Hollywood Hollywood/Beverly Hills/Westside Feb-20 24 Silver Lake Pool & Inn Hollywood/Beverly Hills/Westside Nov-19 54 Soho Warehouse Downtown L.A. Oct-19 48 Hoxton Downtown LA Downtown L.A. Oct-19 174 The West Hollywood EDITION Hollywood/Beverly Hills/Westside Sep-19 190 Best Western Premier NOHO Inn Los Angeles North Jul-19 70 AC Hotels by Marriott South Bay Los Angeles Airport Jul-19 180 Palihotel Culver City Los Angeles Airport Jan-19 49 Santa Monica Proper Santa Monica/Marina Del Rey Jun-19 271 AC Hotels by Marriott Beverly Hills Hollywood/Beverly Hills/Westside Jan-19 142 Updated: Tourism Insights CB 07/21/20 Source: Smith Travel Research Los Angeles Tourism & Convention Board 4.
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