Has the Los Angeles hotel industry reached rock bottom?

The occupancy level for hotels in Los Angeles rose to 21.5 percent in the latest week. But that's actually a slight improvement over the previous week, when hotel occupancy levels in Los Angeles were at 21 percent. Decimated by the coronavirus crisis, has the Los Angeles hotel market reached rock bottom? According to hotel data information company STR, Revenue Per Available Room (RevPAR) fell in Los Angeles in the most recent week, falling $24.62 from $24.85 the previous week. And the Average…