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Los Angeles County, AAHOA’s largest member base, was a natural choice for Hotel ROI. Hospitality and tourism in LA County accounts for 678,400 jobs and greets more than 50 million visitors a year who are spending in excess of $18 billion. It has also remained relatively recession proof in recent years due, to some extent, Chinese tourism. Overall, supply is down 0.1 percent, while demand is up 2.4 percent.
The Los Angeles Opportunity
Los Angeles has 1,008 hotels with over 98,000 rooms available. Some of the most popular areas include Downtown, Santa Monica, Beverly Hills, Westwood, West Hollywood/Hollywood, and will continue to see an uptick in supply. LA recorded 47.3 million visitors in 2016, up 4 percent from 2015. Los Angeles International Airport (LAX) saw a record of 80.9 million travelers last year, about a quarter of which were international travelers.
Because, you will be armed with ideas, solutions and actionable insights that will make an immediate impact on your property. Whether you focus on infrastructure investment opportunities or strategies that force you to “think and act locally” in targeting specific growth sectors, you can take steps that positively influence your ROI.
"LA is one of the most popular cities in the country, with about 50 million visitors every year who collectively spend over $18 billion. Despite those numbers, however, there is still enormous capacity for growth, and the Hotel ROI Conference will show how LA's hoteliers can take further advantage of that capacity and give profitability a major boost." - Hitesh (HP) Patel, AAHOA Vice Chairman