[citywatch]

ladowntownnews.com

DTLA’s hospitality occupancy level increased to 69%, a 60% increase over Q2 in 2021, representing the sixth consecutive quarter of occupancy growth. Perhaps more impressively, DTLA’s RevPAR, which measures total revenue per available room, rose more than 135% from this time last year, recovering nearly 90% of its pandemic-driven drop. This remarkable growth follows that of the DTLA residential market, where occupancy and lease rates have already surpassed pre-COVID-19 highs.

^ with the opening of the beadry & mitsui apt towers early next yr...along with GH palmer's large apt proj west of the 110 fwy & DWP bldg....it's important that dt be in good, post covid shape.