MARCH 30, 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
(MARCH 20 - 26, 2022)
OPEN HOTELS (ONLY OPEN HOTELS)
64.0%
(FEBRUARY 2022)
5.4%
(MARCH 20 - 26, 2022)
(FEBRUARY 2022)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
ALL HOTELS (OPEN & CLOSED HOTELS)
60.5%
+32.5%
(MARCH 20 - 26, 2022)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
+50.3%
(FEBRUARY 2022 vs. FEBRUARY 2021)
JOHN WAYNE AIRPORT (SNA) (FEBRUARY 2022 vs. FEBRUARY 2021)
(MARCH 20 - 26, 2022) 2021 vs. 2020
ORANGE COUNTY/JOHN WAYNE AIRPORT
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$313.46
MONTHLY # OF NOTE: COMPARING LASTPASSENGERS GOOD YEAR (2019) WITH CURRENT YEAR (2021) FEB 2021 FEB 2022
227,402
(MARCH 20 - 26, 2022)
717,400
NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021)
CLOSED HOTELS:
PENDRY NEWPORT BEACH
# OF HOTEL ROOMS OPEN FOR BOOKING:
3,056 # OF HOTEL ROOMS CLOSED:
295
CALIFORNIA & LA RESTAURANTS (WEEK OF MARCH 23 - 29, 2022)
YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
-1.42% U.S. TOTAL AUTOMOBILE SALES (FEBRUARY 2021 vs. FEBRUARY 2022) U.S. MARKET AUTO SALES BY MONTH FEB 2021 FEB 2022
1,256,529
545,124
-9.26%
(WEEK OF MARCH 23 - 29, 2022) 2021 vs. 2020
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
94%
90%
(WEEK OF MARCH 23 - 29, 2022)
MARCH 30, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)
(2022 vs. 2021)
68.2%
75 65 55 39%
45
32.1%
35
21.4%
25
36.9%
46.6%
40.8%
30.6%
24.6%
24.2%
15-JAN
22-JAN
21.3%
21.9%
29-JAN
5-FEB
56.6%
54.7%
49.2%
66.7%
64%
56.5%
33.2%
30.8%
30.1%
19-FEB
26-FEB
5-MAR
38.2%
33.9%
42.6%
15 8-JAN
12-FEB THIS YEAR
12-MAR
19-MAR
26-MAR
LAST YEAR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF FEBRUARY 13 – MARCH 19, 2022)
DAILY OCCUPANCY RATE (%)
90.0% 80.0% 70.0% 60.0% 50.0%
77.6% 75.6% 70.2% 72.1% 68.4% 62.8%
60.6% 58.9%
56.5% 53.5% 59.4% 48.0%
59.2%
72.9% 69.6% 70.7% 67.8% 65.4% 66.6% 54.2%
50.9%
68.7% 68.9% 67.4% 67.3% 65.7% 61.6% 48.8%
40.0% 30.0% 20.0% 10.0% 0.0% FEB 20-26, 2022
MAR 6-12, 2022 SUN
MON
TUE
MAR 13-19, 2022 WED
THU
FRI
MAR 20-26, 2022
SAT
NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR-OVER-YEAR COMPARISON FOR 2022, 2021 & 2020)
MONTHLY AVERAGE DAILY RATE ($)
100.0% 80.0%
69.1%
52.7%
60.0% 40.0% 20.0%
79.8%
38.5%
37.5%
22.7%
29.6%
30.0%
0.0% JAN
FEB
47.7%
MAR
52.6%
27.6% 13.5% APR
MAY
2022 SOURCE: MARCH 23, 2022, STR.COM: MONTHLY DATA THROUGH FEBRUARY 2022
62.6%
37.3%
JUN 2021
71.6%
38.2%
JUL 2020
61.7%
58.1%
59.8%
44.2%
43.9%
45.2%
AUG
SEP
53.4%
34.3% OCT
NOV
51.1%
25.0% DEC
MARCH 30, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE
AVERAGE WEEKLY RATE ($)
(WEEKS OF JANUARY 8, 2021 – MARCH 26, 2022)
385
$364.45
365 345
$310.82
325
$334.10 $313.70
$298.45 $292.15
$290.86
305
$335.55
$321.20
$308.80
$313.46
$310.23
285 265 245
$265.66
$264.58
$263.99
$263.31
$265.92
8-JAN
15-JAN
22-JAN
29-JAN
5-FEB
$255.43
225
$265.65
$263.03
19-FEB
26-FEB
12-FEB
THIS YEAR
$274.78
$288.79
$274.37
$268.24
5-MAR
12-MAR 19-MAR 26-MAR
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE $400 $350 $300 $250 $200 $150 $100 $50 $0
$295
$314
$349 $284
$280
$308
[
$344 $294
$295
$288
$295
$293
$337
$358
$363
$362
$358
$367
$372
$364
$365
$321
$314
$318
$311
$307
$316
$309
2/ 27 /2 2/ 2 28 /2 2 3/ 1/ 22 3/ 2/ 22 3/ 3/ 22 3/ 4/ 22 3/ 5/ 22 3/ 6/ 22 3/ 7/ 22 3/ 8/ 22 3/ 9/ 2 3/ 2 10 /2 3/ 2 11 /2 3/ 2 12 /2 3/ 2 13 /2 3/ 2 14 /2 3/ 2 15 /2 3/ 2 16 /2 3/ 2 17 /2 3/ 2 18 /2 3/ 2 19 /2 3/ 2 20 /2 3/ 2 21 /2 3/ 2 22 /2 3/ 2 23 /2 3/ 2 24 /2 3/ 2 25 /2 3/ 2 26 /2 2
AVERAGE DAILY RATE ($)
(FEBRUARY 20 – MARCH 19, 2022)
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR FEBRUARY 2022 (AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR DECEMBER 2021)
MONTHLY AVERAGE HOTEL RATE ($)
$800
64%
66%
53%
65%
68%
60%
68%
72%
68%
73%
53%
$600 $400 $200 $0
OCCUPANCY RATE (%)
$1,000
80% 60% 40% 20%
$318
$227
$171
$353
$154
$241
$267
$868
$241
$191
$442
NEWPORT BEA CH
HUNTINGTON BEA CH
SA N DIEGO
DA NA POINT
IRVINE
LA JOLLA
SA NTA BARBARA
BEVERYLY HILLS
PALM SPRINGS
ANAHEIM
SA NTA MONICA
AVERAGE DAILY RATE ($) SOURCE: MARCH 23 23, 2022, STR.COM: MONTHLY DATA THROUGH FEBRUARY 2022
OCCUPANCY RATE (%)
0%
MARCH 30, 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 3/ 4/ 2 3/ 2 5/ 2 3/ 2 6/ 2 3/ 2 7/ 2 3/ 2 8/ 2 3/ 2 9/ 2 3/ 2 10 / 3/ 22 11 / 3/ 22 12 / 3/ 22 13 / 3/ 22 14 / 3/ 22 15 / 3/ 22 16 / 3/ 22 17 / 3/ 22 18 / 3/ 22 19 / 3/ 22 20 / 3/ 22 21 / 3/ 22 22 / 3/ 22 23 / 3/ 22 24 / 3/ 22 25 / 3/ 22 26 / 3/ 22 27 / 3/ 22 28 / 3/ 22 29 /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% 95% 85% 75%
92%
91%
92%
93%
94%
94%
88%
90%
89%
89%
91%
90%
FEB 16
FEB 23
MAR 2
MAR 9
MAR 16
MAR 23
65% 55% 45% 35% CALI FORNI A
LOS ANGELES
ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC MONTHLY PASSENGER TRAFFIC
(2022, 2021 & 2020)
1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 -
890,185
806,386
730,144
764,506 717,400
495,592
831,522
873,422 783,737
854,393
847,671
585,735
385,396 360,402
181,486
337,981 195,290
227,402
JAN
FEB
25,313 MAR
APR
239,120
266,986
274,813
307,865
277,020
231,033
82,342
MAY 2022
SOURCE: OPENTABLE AND SNA/JWA AIRPORT : MONTHLY DATA THROUG FEBRUARY 2022
JUN 2021
JUL
AUG 2020
SEP
OCT
NOV
DEC
MARCH 30, 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%
8.5%
8.3% 6.7%
FEB 2021
8.0% 6.4%
MAR 2021
7.7% 6.2%
APR 2021
7.6% 5.8%
MAY 2021
6.5%
JUN 2021
7.6% 6.3%
JUL 2021
7.0% 6.0%
6.4%
AUG 2021
CALIFORNIA
5.0%
6.1% 5.8% 5.8% 4.7% 4.1%
SEP 2021
OCT 2021
NOV 2021
5.8% 3.7%
DEC 2021
5.4% 4.2%
JAN 2022
FEB 2022
JAN 2022
FEB 2022
ORANGE COUNTY
2020-2021 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE YOY PERCENT CHANGE (%)
(CALIFORNIA vs. ORANGE COUNTY)
FEB 2021
MAR 2021
APR 2021
MAY 2021
JUN 2021
JUL 2021
AUG 2021
SEP 2021
OCT 2021
NOV 2021
DEC 2021
80.0% 59.2% 62.6% 47.8% 38.7% 46.4% 39.1% 46.5% 38.0% 37.5% 38.8% 60.0% 23.4% 43.5% 32.5% 35.6% 30.5% 30.4% 33.4% 27.3% 20.2% 24.8% 40.0% 24.6% 22.8% 20.0% 0.0% -20.0% -40.0% -29.1% -33.9% -32.3% -60.0% -38.6% CALIFORNIA
ORANGE CO UNTY
SOURCE: U.S. BUREAU OF LABOR STATISTICS : MONTHLY DATA THROUGH FEBRUARY
U.S. AUTOMOBILE SALES BY MONTH
# OF AUTOMOBILES SOLD (MILLIONS)
(DECEMBER 2020 – DECEMBER 2021 vs. PRIOR YEAR) 2 1.5
1.5
1.5
1.5 1.1
0.9
1
1.3 1.2
1.3 1.1
1.3 1.1
1.4 1.0
1.5
1.3 1.0
1.0
1.2
0.5
0.5
1.3
1.2
1.0 0.5
0.5
0 MAR
APR
MAY
JUN
JUL
AUG 2022
SEP 2021
OCT
NOV
2020
NEWPORT BEACH & COMPANY 1600 NEWPORT CENTER DRIVE, SUITE 120 NEWPORT BEACH, CA 92660 INFO@VISITNEWPORTBEACH.COM 800-94-COAST © 2021. NEWPORT BEACH & COMPANY
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