MARCH 10, 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 OPEN HOTELS (ONLY OPEN HOTELS)
ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE
(FEBRUARY 27 – MARCH 5, 2022)
(DECEMBER 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
(FEBRUARY 27 – MARCH 5, 2022)
56.5%
ALL HOTELS (OPEN & CLOSED HOTELS)
53.5%
(DECEMBER 2021)
4.1%
+42.8%
(FEBRUARY 27 – MARCH 5, 2022)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
+83.4%
(FEBRUARY 27 – MARCH 5, 2022) 2021 vs. 2020
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$310.27
(FEBRUARY 27 – MARCH 5, 2022)
CLOSED HOTELS:
FASHION ISLAND HOTEL
(DECEMBER 2021 vs. DECEMBER 2020)
JOHN WAYNE AIRPORT (SNA)
(DECEMBER 2021 vs. DECEMBER 2019) ORANGE COUNTY/JOHN WAYNE AIRPORT
MONTHLY # OF PASSENGERS NOTE: COMPARING LAST GOOD YEAR (2019) (2021) DECWITH 2019CURRENT YEARDEC 2021
891,492
NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021)
# OF HOTEL ROOMS OPEN FOR BOOKING:
3,056 # OF HOTEL ROOMS CLOSED:
295
CALIFORNIA & LA RESTAURANTS (WEEK OF MARCH 2 - 8, 2022)
YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
-7.97% U.S. TOTAL AUTOMOBILE SALES
(FEBRUARY 2021 vs. FEBRUARY 2022) U.S. MARKET AUTO SALES BY MONTH FEB 2021 FEB 2022
1,256,529
847,671
551343
-19.83%
(WEEK OF MARCH 2 - 8, 2022) 2021 vs. 2020
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
89%
91%
(WEEK OF MARCH 2 - 8, 2022)
MARCH 10, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)
(2022 vs. 2021)
65 60 55 50 45 40 35 30 25 20 15
53.2%
51.1%
46.6%
40.6%
39% 31.1%
23.9%
23.3%
18-DEC 25-DEC
56.5%
30.9%
30.8%
8-JAN
49.2%
40.9%
36.9%
32.1% 21.4%
1-JAN
56.6%
54.7%
30.6% 24.6%
24.2%
21.9%
21.3%
15-JAN 22-JAN 29-JAN THIS YEAR
33.2%
5-FEB
12-FEB 19-FEB 26-FEB 5-MAR
LAST YEAR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF FEBRUARY 6 MARCH 5, 2022)
DAILY OCCUPANCY RATE (%)
90 .0%
72.0% --63.1% 54.7% 51.5% 45.1% 50.8% 45.6%
80.0% 70.0%
58.8% 50.9% 48.6% 45.5% 49.7%
60.0% 50.0%
38.9% 31.7%
40.0%
60.6% 58.9%
56.5% 59.2% 53.5% 59.4% 48.0%
64.6% 62.0% 58.9% 60.2% 54.4% 53.2% 42.2%
30.0% 20.0% 10.0% 0.0% FEB 6-12, 2 022
FEB 13-19, 2 022 SUN
MON
TUE
FEB 20-26, 2022 WED
THU
FR I
FEB 27-MAR 5, 2022
SAT
NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR-OVER-YEAR COMPARISON FOR 2022, 2021 & 2020)
MONTHLY AVERAGE DAILY RATE ($)
100.0% 80.0% 60.0% 40.0% 20.0%
69.1%
79.8%
38.5%
37.3%
22.7%
29.6%
30.0%
0.0% JAN
FEB
47.7%
MAR
52.6%
27.6% 13.5% APR 202 2
MAY
62.6%
37.3%
JUN 202 1
71.6%
38.2%
JUL 202 0
SOURCE: MARCH 9, 2022, STR.COM: MONTHLY DATA THROUGH JANUARY
61.7%
58.1%
59.8%
44.2%
43.9%
45.2%
AUG
SEP
OCT
53.4%
34.3%
NOV
51.1%
25.0% DEC
MARCH 10, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE AVERAGE WEEKLY RATE ($)
(WEEKS OF DECEMBER 18, 2021 – MARCH 5, 2022) $448.72
475 425 $361.35
375 $312.29
325
$290.86
275
$321.20
$335.55 $334.10
$255.43 $265.66 $264.58 $263.99 $263.31 $265.92
225 18-DEC 25-DEC
$313.70 $310.27
$298.45 $292.15
$310.72
$301.32
$279.37
$310.82
1-JAN
8-JAN
15-JAN 22-JAN 29-JAN THIS YEAR
$265.65 $263.03 $274.37
5-FEB
12-FEB 19-FEB 26-FEB 5-MAR
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE [
22
22
3/
5/
22
3/
4/
22
3/
2/
3/
3/
2
22
3/
1/
2
/2
2/
28
/2
2
2/
2/
26
27
/2
2
2
/2
2/
2/
25
2
24
/2
2
/2
23
2/
2/
2/
21
22
/2
/2
2
2
2
/2
2/
20
2
/2
19
2/
2/
18
/2 17
2/
/2
2
2
2
/2
16
2/
2/
15
/2
2
2
/2
2/
14
2
2/
13
/2
2 2/
12
/2
2
/2
11
2/
22
/2
10
2/
9/
22
2/
2/
7/
6/
2/
2/
8/
22
$406 $400 $387 $337 $355 $349 $344 $322 $301 $314 $334 $332 $329 $327 $313 $301 $292 $308 $315 $284 $299 $298 $295 $297 $288 $301 $291 $280
$450 $400 $350 $300 $250 $200 $150 $100 $50 $0
22
AVERAGE DAILY RATE ($)
(FEBRUARY 6 – MARCH 5, 2022)
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR DECEMBER 2021 (AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR DECEMBER 2021)
37%
55%
51%
$318
M O
N IC
A
H EI M N TA
N A SA
LM A P
A
R SP
LY Y ER EV B
OCCUPANCY RATE (%)
SOURCE: MARCH 9, 2022, STR.COM: MONTHLY DATA THROUGH JANUARY 2022
$174
IN
H IL LS
A B R A B N TA
$182 G S
$699
R
A JO LL SA
AVERAGE DAILY RATE ($)
$226 A
$232
LA
IN E V
PO A N
IR
IN T
G O D IE
$145
D A
H U
N TI N
E B T PO R
$337
N E
W
$146
G TO
C
H
$0
$187 N …
$308
N
$200
59%
53%
30%
SA
$400
A
MONTHLY AVERAGE HOTEL RATE ($)
$600
46%
38%
55%
54%
51%
OCCUPANCY RATE (%)
$800
80% 60% 40% 20% 0%
MARCH 10, 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 2 /2 2/ 2 13 /2 2/ 2 14 /2 2/ 2 15 /2 2/ 2 16 /2 2/ 2 17 /2 2/ 2 18 / 2/ 22 19 / 2/ 22 20 2/ /22 21 / 2/ 22 22 2/ /22 23 2/ /22 24 2/ /22 25 2/ /22 26 2/ /22 27 / 2/ 22 28 3/ /22 1/ 2 3/ 2 2/ 2 3/ 2 3/ 3/ 22 4/ 3/ 22 5/ 2 3/ 2 6/ 3/ 22 7/ 2 3/ 2 8/ 22
2/
12
/2
11
10
2/
2/
% CHANGE IN WEEKLY SEATED DINERS
/2
2
(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
115% 95% 75%
90%
90%
90%
92%
95%
93%
FEB 2
FEB 9
92%
90%
91%
88%
90%
89%
FEB 16
FEB 23
MAR 2
55% 35% JAN 26
CALIFORNIA
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 2 00,000 100,000 -
819,358 789,523
923,403 899,186 942,680 918,810 945,962 942,385 730,144
806,386 764,506
181,486
337,981
FEB
831,522 783,737
873,422
827,140
847,671
495,592 385,396
195,290 227,402
JAN
890,185
585,735
859,174 897,873 854,393 891,492
MAR
274,813 307,865 277,020 239,120 266,986 231,033
25,313 82,342 APR
MAY 202 1
JUN 202 0
JUL 2019
SOURCE: OPENTABLE AND SNA/JWA AIRPORT : MONTHLY DATA THROUG
AUG
SEP
OCT
NOV
DEC
MARCH 10, 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% 8.5% 8.3% 8.0% 7.7% 7.6% 7.6% 7.5% 7.5% 7.3% 7.4% 6.9% 7.3% 6.5% 6.5% 6.7% 6.4% 6.2% 6.3% 5.8% 6.0% 5.0% 4.7% 4.1% 3.7%
DEC 2020
JAN 2021
FEB 2021
MAR 2021
APR 2021
MAY 2021
CALIFORNIA
JUN 2021
JUL 2021
AUG 2021
SEP 2021
OCT 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
JAN 2021
FEB 2021
MAR 2021
APR 2021
MAY 2021
JUN 2021
JUL 2021
AUG 2021
SEP 2021
OCT 2021
NOV 2021
DEC 2021
80.0% 62.6% 42.8% 38.0% 37.5% 39.1% 46.5% 47.8% 44.1% 37.0% 28.8% 31.4% 60.0% 27.3% 27.7% 25.1% 24.8% 40.0% 20.2% 22.2% 20.6% 20.0% 0.0% -20.0% -40.0% -34.0% -33.9% -29.1% -32.3% -60.0% -35.4% -38.8% -41.6% -38.6% CALIFOR NIA ORANGE COUNTY
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
1.5
1.5
1.5 1.1
0.9
1.31.2
1.1
1.3
1.1
1.4
1.3 1.0
1.3 1.0
1.5 1.2 1.0
1.0
0.5
0.5
1.2 0.5
1.3 0.5
0 MAR
APR
MAY
JUN
JUL
AUG 202 2
SEP 202 1
OCT
NOV
DEC
202 0
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