FEBRUARY 17, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
EXECUTIVE SUMMARY
NEWPORT BEACH HOTELS
ORANGE COUNTY UNEMPLOYMENT
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE
(JANUARY 16 – FEBRUARY 12, 2022)
OPEN HOTELS (ONLY OPEN HOTELS)
46.3%
(DECEMBER 2021)
4.1%
(JANUARY 16 – FEBRUARY 12, 2022)
(DECEMBER 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
ALL HOTELS (OPEN & CLOSED HOTELS)
46.3%
+42.8%
(JANUARY 16 – FEBRUARY 12, 2022)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
+51.4.0%
(JANUARY 16 – FEBRUARY 12, 2022) 2021 vs. 2020
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$324.52
(JANUARY 16 – FEBRUARY 12, 2022)
(DECEMBER 2021 vs. DECEMBER 2020)
JOHN WAYNE AIRPORT (SNA) (DECEMBER 2021 vs. DECEMBER 2019) ORANGE COUNTY/JOHN WAYNE AIRPORT
MONTHLY # OF NOTE: COMPARING LASTPASSENGERS GOOD YEAR (2019) DEC 2019WITH CURRENT YEAR (2021) DEC 2021
891,492
847,671
NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021)
CLOSED HOTELS: FASHION ISLAND HOTEL
# OF HOTEL ROOMS OPEN FOR BOOKING:
3,056 # OF HOTEL ROOMS CLOSED:
295
CALIFORNIA & LA RESTAURANTS (WEEK OF WEEK OF FEBRUARY 9-16, 2022)
YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
- 12.10% U.S. TOTAL AUTOMOBILE SALES (JANUARY 2021 vs. JAUARY 2022) U.S. MARKET AUTO SALES BY MONTH JAN 2021 JAN 2022
1,174,053
509,647
-13.57%
(WEEK OF FEBRUARY 9-16, 2022) 2021 vs. 2020
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
95%
92%
(WEEK OF WEEK OF FEBRUARY 9-16, 2022)
FEBRUARY 17, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)
(2022 vs. 2021)
60.0%
65 60 55 50 45 40 35 30 25 20 15
50.9%
53.2%
51.1%
46.6%
45.9% 40.6%
39.0%
36.9%
32.1% 35.1%
31.1%
26.8% 27-NOV
4-DEC
21.1% 11-DEC
23.9%
23.3%
18-DEC
25-DEC
46.3%
40.9%
30.6% 21.4%
24.6%
24.2%
21.3%
21.9%
8-JAN
15-JAN
22-JAN
29-JAN
5-FEB
1-JAN THIS YEAR
12-FEB
LAST YEAR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF JANUARY 16 – FEBRUARY 12, 2022)
DAILY OCCUPANCY RATE (%)
90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0%
47.8%
62.1% 58.8% 49.7% 50.9% 48.6% 45.5% 38.9%
55.2% 48.1% 44.6% 44.6% 46.1% 38.6% 43.6% 44.6% 40.8% 41.5% 39.1% 36.0% 38.1% 37.4% 36.6% 33.6% 32.0% 29.8% 29.8%
31.7%
20.0% 10.0% 0.0% JAN 16-22, 2022
JAN 23-29, 2022 SUN
MON
TUE
JAN 30-FEB 5, 2022 WED
THU
FRI
FEB 6-12, 2022
SAT
NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR-OVER-YEAR COMPARISON FOR 2021, 2020 & 2019)
MONTHLY AVERAGE DAILY RATE ($)
100.0% 80.0% 60.0% 40.0%
69.1% 68.6% 22.7%
79.8%
78.7%
75.5%
74.9% 29.6%
20.0%
38.5%
52.6%
47.7%
30.0%
0.0% JAN
FEB
MAR
71.8%
27.6% 13.5% APR
MAY
2021 SOURCE: FEBRUARY 17, 2022, STR.COM: MONTHLY DATA THROUGH DECEMBER 2021
81.2% 62.6%
37.3%
JUN 2020
85.9% 71.6%
38.2%
JUL 2019
81.8% 61.7%
44.2%
AUG
76.2%
78.7%
58.1%
59.8%
43.9%
45.2%
SEP
67.6%
67.3%
53.4% 51.5% 34.3% OCT
NOV
25.0% DEC
FEBRUARY 17, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE
AVERAGE WEEKLY RATE ($)
(WEEKS OF NOVEMBER 20, 2021 – FEBRUARY 5, 2022) $448.72
475 425
$378.82
$361.35
375
275
$312.29
$294.47
325
$310.82 $290.86
$284.97 $319.90
$301.32 $310.72 $294.12 $288.82 $279.37 $265.66 $264.58
225 27-NOV
4-DEC
11-DEC
18-DEC
25-DEC
1-JAN
8-JAN
THIS YEAR
$321.20
$324.52 $298.45 $291.09 $255.43
$263.99 $263.31 $265.92
15-JAN
22-JAN
29-JAN
5-FEB
12-FEB
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE $450 $400 $350 $300 $250 $200 $150 $100 $50 $0
$317
$314
$316
$310
$321
$340
$376 $386 $327 $309 $301 $295 $295
$301 $283
$306
$291 $276 $276 $280 $293 $301
$310
$286 $288 $288 $292
$322
1/ 16 /2 1/ 2 17 /2 1/ 2 18 /2 1/ 2 19 /2 1/ 2 20 /2 1/ 2 21 /2 1/ 2 22 /2 1/ 2 23 /2 1/ 2 24 /2 1/ 2 25 /2 1/ 2 26 /2 1/ 2 27 /2 1/ 2 28 /2 1/ 2 29 /2 1/ 2 30 /2 1/ 2 31 /2 2 2/ 1/ 22 2/ 2/ 22 2/ 3/ 22 2/ 4/ 22 2/ 5/ 22 2/ 6/ 22 2/ 7/ 22 2/ 8/ 22 2/ 9/ 2 2/ 2 10 /2 2/ 2 11 /2 2/ 2 12 /2 2
AVERAGE DAILY RATE ($)
(JANUARY 09 – FEBRUARY 5, 2022)
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR DECEMBER 2021 $800 $700 $600 $500 $400 $300 $200 $100 $0
61% 52%
69% 59%
50% 60%
73% 62%
62%
67%
48%
OCCUPANCY RATE (%)
MONTHLY AVERAGE HOTEL RATE ($)
(AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR DECEMBER 2021)
80% 60% 40% 20%
$340
$198
$149
$372
$148
$224
$268
$670
$187
$217
$343
NEWPORT BEA CH
HUNTINGTON BEA CH
SA N DIEGO
DA NA POINT
IRVINE
LA JOLLA
SA NTA BARBARA
BEVERYLY HILLS
PALM SPRINGS
ANAHEIM
SA NTA MONICA
AVERAGE DAILY RATE ($) SOURCE: FEBBRUARY 17, 2022, STR.COM: MONTHLY DATA THROUGH DECEMBER 2021
OCCUPANCY RATE (%)
0%
FEBRUARY 17, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
RESTAURANT & AIRPORT METRICS CALIFORNIA & LA DAILY SEATED DINERS FROM ONLINE, PHONE OR WALK-IN 1/ 22 / 1/ 22 23 / 1/ 22 24 / 1/ 22 25 / 1/ 22 26 / 1/ 22 27 / 1/ 22 28 / 1/ 22 29 / 1/ 22 30 / 1/ 22 31 / 2/ 22 1/ 2 2/ 2 2/ 2 2/ 2 3/ 2 2/ 2 4/ 2 2/ 2 5/ 2 2/ 2 6/ 2 2/ 2 7/ 2 2/ 2 8/ 2 2/ 2 9/ 2 2/ 2 10 / 2/ 22 11 / 2/ 22 12 / 2/ 22 13 / 2/ 22 14 / 2/ 22 15 / 2/ 22 16 /2 2
% CHANGE IN WEEKLY SEATED DINERS
(YEAR-OVER-YEAR PERCENT CHANGE 2022 vs. 2021)
45 25 5 -15 -35 -55 -75 CALIFORNIA RESTAURANTS
LOS ANGELES RESTAURANTS
% OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK
105% 90%
95% 85%
91%
92%
JAN 19
JAN 26
85%
75%
90%
86%
90%
90%
92%
95%
93%
95%
FEB 2
FEB 9
FEB 16
65% 55% 45% 35% JAN 12
CALI FORNI A
LOS ANGELES
ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC MONTHLY PASSENGER TRAFFIC
(2021, 2020 & 2019)
1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 -
923,403 819,358
899,186
942,680
789,523
806,386 764,506
918,810
945,962
730,144
890,185
942,385
859,174
897,873 873,422
854,393
831,522
783,737
239,120
266,986
274,813
307,865
277,020
JUL
AUG
SEP
OCT
NOV
585,735
827,140
891,492 847,671
495,592 385,396
195,290
227,402
181,486 337,981
JAN
FEB
MAR
25,313
82,342
APR
MAY 2021
SOURCE: OPENTABLE AND SNA/JWA AIRPORT : MONTHLY DATA THROUG DECEMBER 2021
JUN 2020
2019
231,033
DEC
FEBRUARY 17, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
UNEMPLOYMENT & AUTOMOBILE METRICS 2020-2021 ORANGE COUNTY UNEMPLOYMENT RATE BY MONTH PERCENTAGE RATE (%)
(CALIFORNIA vs. ORANGE COUNTY)
10.0% 8.0% 6.0% 4.0% 2.0% 0.0%
9.3%
9.0% 7.4%
DEC 2020
8.5%
7.3%
JAN 2021
8.3% 6.7%
FEB 2021
8.0% 6.4%
7.7% 6.2%
MAR 2021
APR 2021
7.6% 5.8%
MAY 2021
6.5%
7.6%
JUN 2021
CALIFORNIA
7.5% 6.3%
JUL 2021
7.5% 6.0%
7.3% 5.0%
AUG 2021
SEP 2021
6.9%
4.7%
OCT 2021
6.5%
4.1%
3.7%
NOV 2021
DEC 2021
NOV 2021
DEC 2021
ORANGE COUNTY
2020-2021 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE YOY PERCENT CHANGE (%)
(CALIFORNIA vs. ORANGE COUNTY)
DEC 2020 80.0% 60.0% 40.0% 20.0% 0.0% -20.0% -40.0% -60.0%
JAN 2021
FEB 2021
MAR 2021
APR 2021
MAY 2021
JUN 2021
JUL 2021
AUG 2021
SEP 2021
OCT 2021
62.6% 42.8% 38.0% 37.5% 47.8% 46.5% 39.1% 44.1% 28.8% 31.4% 37.0% 27.3% 27.7% 25.1% 24.8% 22.2% 20.2% 20.6%
-34.0% -29.1% -33.9% -32.3% -35.4% -38.8% -38.6% -41.6% CALIFORNIA
ORANGE CO UNTY
SOURCE: U.S. BUREAU OF LABOR STATISTICS : MONTHLY DATA THROUGH DECEMBER
U.S. AUTOMOBILE SALES BY MONTH
# OF AUTOMOBILES SOLD (MILLIONS)
(DECEMBER 2020 – DECEMBER 2021 vs. PRIOR YEAR) 2 1.5
1.3
1.4
1.5
1.5
1.1
0.9
1
1.5
1.31.2
1.3 1.1
1.3 1.1
1.4 1.0
1.3 1.0
1.5 1.2 1.0
1.0
0.5
0.5
1.2 0.5
0 FEB
MAR
APR
MAY
JUN
JUL 2022
AUG 2021
SEP
OCT
2020
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