Destination Los Angeles: A Look at the Future of the Hotel Market

Kirsten Smiley | April 13, 2023

By Kirsten Z. Smiley, Aidan Martin In 2022, the Los Angeles market showed a significant rebound, as ADR well exceeded 2019 levels, although occupancy still trailed pre-pandemic levels. While concerns about COVID began to fade, business travel had yet to fully recover, and international travel was hit by flight shortages and a visa backlog. Regardless, ADR growth was fueled by inflation, the influx of high-quality new hotels that opened in the last few years, and Super Bowl LVI held in February 2022. Recent Los Angeles Hotel Metrics Source: STR Mega Events The 2022 Super Bowl was held at the new SoFi Stadium in February, dur...