APRIL 14, 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
(APRIL 3– APRIL 9, 2022)
(FEBRUARY 2022)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
(MARCH 27 – APRIL 2, 2022)
62.3%
ALL HOTELS (OPEN & CLOSED HOTELS)
58.9%
(APRIL 3– APRIL 9, 2022)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
+16.8%
(APRIL 3– APRIL 9, 2022) 2022vs. 2021
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$331.51
(APRIL 3– APRIL 9, 2022) CLOSED HOTELS:
# OF HOTEL ROOMS OPEN FOR BOOKING:
PENDRY NEWPORT BEACH
# OF HOTEL ROOMS CLOSED:
3,056 295
(FEBRUARY 2022)
5.4%
+32.5%
(FEBRUARY 2022 vs. FEBRUARY 2021)
JOHN WAYNE AIRPORT (SNA)
(FEBRUARY 2022 vs. FEBRUARY 2021) ORANGE COUNTY/JOHN WAYNE AIRPORT
MONTHLY # OF PASSENGERS NOTE: COMPARING LAST GOOD YEAR (2019) (2021) FEBWITH 2021CURRENT YEARFEB 2022
227,402
NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021)
CALIFORNIA & LA RESTAURANTS (WEEK OF MARCH 30 – APRIL 5, 2022)
YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
+2.84%
U.S. TOTAL AUTOMOBILE SALES (MARCH 2021 vs. MARCH 2022) U.S. MARKET AUTO SALES BY MONTH MAR 2021 MAR 2022
1,536,038
1,152,024
717,400
+4.79%
(WEEK OF APRIL 3– APRIL 12, 2022) 2021 vs. 2020
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
100%
90%
(WEEK OF APRIL 3– APRIL 12, 2022)
APRIL 14, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
WEEKLY OCCUPANCY RATE (%)
(2022 vs. 2021)
68.2
75 65 55
40.8
46.6
45
36.9
35
24.2
21.3
21.9
22-Jan
29-Jan
5-Feb
54.7
49.2
33.2
30.6
25
56.6
66.7
64.0
56.5
30.8
30.8
42.6
38.2
33.9
59.1
62.3
54.3
53.3
2-Apr
9-Apr
15 12-Feb 19-Feb This Year
26-Feb 5-Mar Last Year
12-Mar
19-Mar
26-Mar
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF MARCH 19 – APRIL 2, 2022)
DAILY OCCUPANCY RATE (%)
90 .0%
67.4% 68.9% 67.3% 65.7% 68.7% 61.6%
72.9% 69.6% 70.7% 67.8% 65.4% 66.6%
80.0% 70.0%
60.0% 54.2% 50.0%
48.8%
69.2% 59.8% 64.0% 62.3% 55.5% 56.5% 46.6%
73.5% 66.6% 70.8% 64.3% 63.3% 54.2% 43.1%
40.0% 30.0% 20.0% 10.0% 0.0% MAR 13-19, 202 2
MAR 2 0-26, 2 022 SUN
MON
TUE
MAR 2 7-APR 2 , 2022
WED
THU
FR I
APR 3-APR 9, 202 2
SAT
NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR-OVER-YEAR COMPARISON FOR 2022, 2021 & 2020)
MONTHLY AVERAGE DAILY RATE ($)
100.0% 80.0% 60.0% 40.0% 20.0%
69.1%
79.8% 52.7% 38.5%
37.5%
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: APRIL 6, 2022, STR.COM: MONTHLY DATA THROUGH FEBRUARY
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
APRIL 14, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE (WEEKS OF JANUARY 15, 2021 – APRIL 2, 2022)
385 365 345 325 305 285 265 245 225
$364.45 $335.55 $334.10
$321.20
$315.15
$313.70 $312.46 $309.93
$298.45 $292.15
$331.51
$307.…
$288.79
$316.96
$304.83 $263.99 $263.31 $265.92 22-Jan
29-Jan
5-Feb
$274.78
$265.65 $263.03 $274.37 $268.24
$255.43 12-Feb
19-Feb
26-Feb
5-Mar
This Year
12-Mar
19-Mar
26-Mar
2-Apr
9-Apr
Last Year
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (FEBRUARY 20 – MARCH 19, 2022)
22
4/
2/
2
22
1/
4/
/2
31 3/
3/
30
/2
2
2
2
/2
/2
29
3/
3/
28
22
2 3/
27
/2
2
/2
26
3/
3/
25
/2
2
2
/2
3/
24
2
3/
23
/2
2
/2
3/
22
21
3/
3/
20
/2
/2
2
2
2 3/
19
/2
2
/2
18
3/
3/
17
/2
2
2 3/
16
/2
2
/2
15 3/
2
3/
14
/2
2
/2
13
3/
3/
12
/2
2
2
/2 11
3/
22
/2
10
3/
9/
22
3/
3/
7/
8/
22
22 3/
3/
6/
AVERAGE DAILY RATE ($)
[
$358 $362 $367 $364 $326 $400 $365 $372 $358 $363 $297 $321 $316 $318 $297 $313 $337 $295 $295 $311 $350 $314 $309 $303 $301 $307 $293 $294 $288 $288 $300 $250 $200 $150 $100 $50 $0
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR FEBRUARY 2022
$442
N TA SA
A
N A
M O
N IC
A
H EI M
G S
$191
IN LM A P
Y ER EV B
SOURCE: APRIL 6, 2022, STR.COM: MONTHLY DATA THROUGH FEBRUARY 2022
SP
LY
R
A B R A B N TA
OCCUPANCY RATE (%)
73%
68%
$241
H IL LS
R
A
72%
$868
A
$267
JO LL SA
AVERAGE DAILY RATE ($)
60%
68%
$241
LA
IN E V IR
PO N
A
$154
D A
N
D IE
G TO N TI N H U
$353
G O
H C A E B T PO R
$171
IN T
$227 N …
$318
68%
65%
53%
N E
W
66%
64%
53%
SA
$1,000 $800 $600 $400 $200 $0
OCCUPANCY RATE (%)
MONTHLY AVERAGE HOTEL RATE ($)
(AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR DECEMBER 2021)
80% 60% 40% 20% 0%
APRIL 14, 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/ /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 / 3/ 22 30 3/ /22 31 / 4/ 22 1/ 2 4/ 2 2/ 2 4/ 2 3/ 2 4/ 2 4/ 2 4/ 2 5/ 2 4/ 2 6/ 2 4/ 2 7/ 2 4/ 2 8/ 2 4/ 2 9/ 2 4/ 2 10 / 4/ 22 11 / 4/ 22 12 /2 2
2 3/
20
/2
19
18
3/
3/
% 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% 92%
93%
94%
93%
93%
90%
89%
89%
91%
90%
89%
90%
FEB 23
MAR 2
MAR 9
MAR 16
MAR 23
MAR 30
APR 6
95% 75%
100%
91%
55% 35% CALIFORNIA
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 2 00,000 100,000 -
890,185
806,386
730,144
764,506 717,400
495,592
831,522
783,737
873,422 854,393 847,671
585,735
385,396 360,402
181,486
337,981 25,313
195,290 227,402 JAN
FEB
MAR
APR
239,120
266,986 274,813
307,865
277,020 231,033
82,342
MAY 202 2
JUN 202 1
JUL AUG 202 0
SOURCE: OPENTABLE AND SNA/JWA AIRPORT : MONTHLY DATA THROUG
SEP
OCT
NOV
DEC
APRIL 14, 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% 8.0% 7.7% 7.6% 7.6% 7.0% 6.5% 5.4% 6.4% 6.7% 6.4% 6.1% 6.2% 5.8% 5.8% 5.8% 6.3% 5.8% 6.0% 5.0% 4.7% 4.1% 4.2% 3.7% 3.7%
FEB 2021
MAR 2021
APR 2021
MAY 2021
JUN 2021
JUL 2021
CALIFORNIA
AUG 2021
SEP 2021
OCT 2021
NOV 2021
DEC 2021
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
JAN 2022
FEB 2022
59.2% 80.0% 62.6% 38.7% 46.4% 39.1% 46.5% 47.8% 38.8% 38.0% 37.5% 23.4% 60.0% 43.5% 32.5% 35.6% 30.5% 30.4% 33.4% 27.3% 20.2% 24.8% 24.6% 22.8% 40.0% 20.0% 0.0% -20.0% -40.0% -33.9% -29.1% -60.0% -38.6% -32.3% CALIFOR NIA
ORANGE COUNTY
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) 2.0 1.5
1.5
1.5 1.1
1.0
1.3 1.2
1.1
1.3
1.1
1.4
1.3
1.0
1.5
1.3 1.0
1.0
1.2
1.0
0.5
0.5
1.3
1.2 0.5
1.5 1.1
0.5
0.0 APR
MAY
JUN
JUL
AUG
SEP 202 2
OCT 202 1
NOV
DEC
JAN
202 0
NEWPORT BEACH & COMPANY 1600 NEWPORT CENTER DRIVE, SUITE 120 NEWPORT BEACH, CA 92660 INFO@VISITNEWPORTBEACH.COM 800-94-COAST © 2021. NEWPORT BEACH & COMPANY
FEB
MAR