Los Angeles hotels experienced strong levels of Occupancy in 2019, however ADR growth was down slightly, which was a bit surprising based on the high levels of occupancy across all chain scales. While this phenomena was seen in many US markets last year, market level occupancies in the 80’s should have dictated at least some level of ADR growth.
Partner and Senior Advisor
Board Member NE Chapter
Mark Lomanno is a Partner and Senior Advisor for Kalibri Labs, a hospitality data analytics company that focuses on helping hotels improve profit contribution by evaluating performance based on revenue net of customer acquisition costs. In addition he advises several start-up and investment companies in the hospitality and data space, including Duetto Research, Aspire Marketing, Venturism and FireLight Camps, where he also sits on the Board of Directors. In that role he takes an active role in helping to shape the respective company’s strategic direction, creating and enhancing new research solutions and building relationships with hospitality brands, owners and operators.