L.A. County Hotel Rates Rise 7% in October

The Los Angeles County hotel industry continued to hum in October as hostelries charged $8.40 more per night over rates a year ago. The 7% boost pushed average countywide hotel rates to $127.60. At the same time, average hotel occupancy across the county hovered at just below 80%, compared with 76% a year ago. October’s figures, the most recent available from Los Angeles hotel industry watcher PKF Consulting, continued a year-to-date trend that has seen the average rate grow 7%, or $122.70 compared with $114.77 a year earlier, while occupancy has held steady at about 78%. Analysts predicted the numbers from November and December would also be higher than a year ago, though down from the October figures.