Commercial Real Estate Market Report: Hospitality in Los Angeles County, CA

Market Overview
The Los Angeles hospitality market showed strong recovery and growth in Q1 2024, with key performance indicators demonstrating significant improvement from the previous year. The average daily rate (ADR) reached $199.65, a 5.5% increase from Q4 2023, while revenue per available room (RevPAR) grew by 5.6% to $147.84. Occupancy rates remained robust at 74.1%, outperforming the national average by 0.9 percentage points.

Full Market Report: d2saw6je89goi1.cloudfront.net/uploads/digital_asset ...

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Vigny Ceballos
Real Estate Broker Owner
RE/MAX Prestige Punta Cana
Cell ‪305 962 8485‬
remaxprestigepc.com


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