HOTELS AND LODGING OCCUPANCY PROFILE - SAN FERNANDO VALLEY

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

Rooms

3,074

3,180

3,246

3,197

3,772

3,825

4,381

4,458

4,865

4,973

4,422

4,422

4,422

Annual Supply

1,122,010

1,163,880

1,184,790

1,166,905

1,376,780

1,399,950

1,599,065

1,627,170

1,775,725

1,820,118

1,614,030

1,614,030

1,614,030

Occupied Rooms

842,500

871,000

883,000

842,100

861,700

956,900

1,076,200

1,278,700

1,244,800

1,334,100

1,183,811

1,190,466

1,194,400

Occupancy

75.1%

74.8%

74.5%

72.2%

62.6%

68.4%

67.3%

78.6%

70.1%

73.3%

73.3%

73.8%

74.0%

Average Daily Rate

$76.00

$76.00

$80.00

$77.00

$78.00

$77.00

$77.00

$77.00

$82.00

$88.00

$93.29

$100.00

$105.00

Source: "The 1998 Los Angeles Lodging Forecast", PKF Consulting.