Los Angeles County’s lodging industry has plans to add 299 more hotels after 34 opened the past two years.
The annual hotel construction report from Atlas Hospitality shows 11 hotels opened in 2018 in Los Angeles County vs. 23 in 2017 — down 52 percent. Last year’s openings had 1,526 rooms vs. 4,309 in ’17 — a drop of 65 percent.
That decline seems to be a fast-growth industry taking a breather than any actual slowdown. Hotels under construction at year-end were 45 hotels vs. 32 in ’17 — a gain of 41 percent. That lodging will hold 6,727 rooms vs. 5,327 a year earlier — a rise of 26 percent.
Los Angeles County’s developers are in planning stages for an additional 254 hotels vs. 217 a year earlier — a rise of 17 percent. That lodging will hold 39,974 rooms vs. 33,514 a year earlier — a rise of 19 percent.
PS: Los Angeles County represented 21 percent of hotels opened statewide last year vs. 35 percent in ’17 and 24 percent of lodging being built or planned.
PPS: The average number of rooms per hotels recently built, under construction or planned is 158 vs. 141 statewide.
Source: “Los Angeles” – Google News