occupancy

Following years of revolving leadership and a broken financial model for operating single-room occupancy hotels, the trust announced its impending failure in early 2023.

That, he says, results in boosted hotel occupancy, ticket sales at area theme parks like Universal Studios and tours of Dodger Stadium, which has, in turn, increased the number of Japanese language tours it runs.

The city built a village of 20 tiny homes, leased five rooms in a single room occupancy hotel, formed relationships with the home sharing nonprofit SHARE!

There was hazardous plumbing and a lack of “hot/cold running water,” missing or disabled carbon monoxide alarms, unpermitted work and “unapproved occupancy” since the building had 33 bedrooms, 16 more than was was permitted.

“If our businesses make money because of increased tourism, if our hotels make money, we get indirect benefits through sales tax and transit occupancy tax,” he said.