ORANGE COUNTY UNEMPLOYMENT TRANSPORTATION 2021 VS. 2022 YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES +0.9% -0.14% (NOVEMBER 2 8, 2022) 2022 vs. 2019 ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE 2.7% (SEPTEMBER 2022) ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE +12.9% (SEPTEMBER 2022 vs. SEPTEMBER 2021) % OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES 91% 85% (OCTOBER 26 NOVEMBER 1, 2022) CALIFORNIA & LA RESTAURANTS NEWPORT BEACH HOTELS (OCTOBER 30 NOVEMBER 05, 2022) NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS) 61.2% NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS +25.4% 2022 vs. 2021 NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE $310.59 # OF HOTEL ROOMS OPEN FOR BOOKING: 3,056 # OF ANTICIPATED ROOMS: 295 NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE ALL HOTELS (OPEN & CLOSED HOTELS) 55.4% NOVEMBER 10, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY NEWPORT BEACH SHORT-TERM VACATION RENTALS (OCTOBER 30 NOVEMBER 05, 2022) NEWPORT BEACH SHORT TERM RENTALS WEEKLY OCCUPANCY RATE 55% NEWPORT BEACH SHORT TERM RENTALS WEEKLY AVERAGE RATE $458.54 NEWPORT BEACH SHORT TERM RENTALS MONTHLY % CHANGE IN SUPPLY -1.0% SEPTEMBER TO OCTOBER 2022 OCTOBER 2022 OCTOBER 2021 US AUTO MARKET SALES BY MONTH OCTOBER 2022 OCTOBER 2021 ORANGE COUNTY/JOHN WAYNE AIRPORT # OF MONTHLY PASSENGERS 1,014,460 783,737 615,330 1,094,817 +29.4% 43.8%
GASOLINE: NATIONAL AVG. VS CALIFORNIA AVG. VS HOTEL OCCUPANCY RATE SEPTEMBER 05, 2022 NOVEMBER 06, 2022 SOURCE: OCAIR.COM SOURCE: U.S. ENERGY INFORMATION DEPT., STR ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2022, 2021 & 2020) NOVEMBER 10, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY TRANSPORTATION METRICS LOS ANGELES VS CALIFORNIA < 1.5% VARIANCE PASSENGER COUNT GASOLINE/GAL VS HOTEL OCCUPANCY RATE 59.6% 79.0% 73.4% 64.7% 69.0% 77.9% 73.2% 67.4% 61.2% $3.86 $3.81 $3.83 $3.91 $3.91 $4.03 $3.99 $3.89 $3.86 $5.15 $5.28 $5.34 $5.72 $6.32 $6.25 $5.94 $5.60 $5.42 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 0 10 20 30 40 50 60 70 80 OCT 24 OCT 10 OCT 17 OCT 03 SEP 26 SEP 19 OCT 31 SEP 12 SEP 05 CALIFORNIA GAS PRICENATIONAL GAS PRICEOCCUPANCY RATE 717,400 916,767 958,826 1,003,510 1,001,249 1,049,187 1,030,933 1,014,460 195,290 227,402 495,592 585,735 730,144 890,185 831,522 873,422 854,393 847,671 806,386 337,981 181,486 239,120 266,986 274,813 307,865 277,020 231,033 SEPJULFEB 385,396 25,313 MAY AUG 82,342 OCTAPR DECMAR 764,506 JUNJAN 783,737 360,402 NOV 2022 20202021
SOURCE: U.S. INFLATION CALCULATOR SOURCE: U.S. INFLATION CALCULATOR, STR RATE OF INFLATION BY MONTH 2021 VS 2022 NOVEMBER 10, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY ECONOMIC METRICS RATE OF INFLATION VS MONTHLY HOTEL OCCUPANCY RATE (%) JANUARY SEPTEMBER 2022 FEB 7.5% 8.5% 1.4% JAN 1.7% 7.9% 8.5% 4.2% MAR 8.3% 5.3% APR JUN 5.0% 8.6% 2.6% AUG 5.4% 9.1% 5.4% JUL DEC 8.3% 5.4% 8.2% SEP 6.2% OCT 6.8% NOV 7.0% MAY 2021 2022 PASSENGER COUNT 8.5%8.5% 52.7% 7.9% 7.5% 37.5% JAN FEB 63.8% 60.2% MAR 8.3% 9.1% 62.9% APR 8.6% MAY 64.2% JUN 73.5% JUL 8.3% 67.9% AUG 8.2% 70.1% SEP 2022 INFLATION RATE 2022 NEWPORT BEACH HOTEL OCCUPANCY RATE (%) INFLATION RATE VS OCCUPANCY RATE
AVG. CREDIT CARD/DEBIT TRANSACTION AMOUNT BY TOP 10 SPEND MARKETS OCTOBER 30 NOVEMBER 05, 2022 SOURCE ZARTICO AVERAGE CREDIT/DEBIT CARD SPEND BY CATEGORY OCTOBER 30 NOVEMBER 05, 2022 NOVEMBER 10, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY ECONOMIC METRICS 3.8% 1.1% 24.6% 5.2% 3.4% 17.2% 32.1% 43.7%49.8% 1.8% 20222021 41.3% 69.0% 20.8% Y/Y VARIANCE Nightlife Business & Professional Accommodations 11.1% Retail 384.1% Food Y/Y VARIANCE $89.99 $63.01 $286.10 Newport News VA Tri Cities TN VA Denver CO $137.00 $267.48 $126.96 $4,835.78Parkersburg WV Green Bay Appleton WI $204.54 $167.88 Phoenix AZ Washington DC Honolulu HI AVG TRANSACTION SPEND New York NY $277.07 Jacksonville FL CATEGORY SPEND AVERAGE CREDIT/DEBIT SPEND 6.4% 3.9% 4.5% 2.3% 3.3% 3.4% 2.8% 2.3% 2.3% 27.0% % OF TOTAL VISITOR SPEND SOURCE ZARTICO
SOURCE: ZARTICO SOURCE: ZARTICO OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS OCTOBER 23 29, 2022 NOVEMBER 10, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY VISITATION METRICS VISITATION TYPE BY TOP 10 ORIGIN MARKETS OCTOBER 30 NOVEMBER 05, 2022 37.3% 6.9% 6.2% 5.4% 5.0% 4.5% 2.1% 1.9% 1.8% 1.5% Denver CO San Francisco Oakland San Jose CA Salt Lake City UT Las Vegas NV Dallas Ft. Worth TX San Diego CA Phoenix AZ Los Angeles CA Non US Honolulu HI % OF TOTAL VISITORS BY ORIGIN MARKET VISITATION BY ORIGIN MARKET 22.4% 13.8% 6.4% 5.1% 3.2% 3.7% 3.2% 2.5% 1.8% 2.2% 41.7% 16.8% 3.7% 3.3% 3.2% 1.5% 2.6% 1.4% 1.1% 1.3% 19.5% 32.4% 5.4% 5.6% 4.9% 1.9% 2.0% 2.1% 1.4% 19.0% 33.1% 5.7% 5.8% 3.5% 1.8% 1.8% 1.4% 2.5% 1.4% Non-US Los Angeles CA Phoenix AZ Las Vegas NV San Diego CA Salt Lake City UT San Francisco-OaklandSan Jose CA Denver CO Honolulu HI New York NY OVERNIGHT LONG DAY TRIP DAY TRIP SHORT TRIP VISITATION TYPE
SOURCE: STR NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK (WEEKS OF OCTOBER 09 OCTOBER 30, 2022) NEWPORT BEACH HOTELS AVERAGE MONTHLY REVPAR (YEAR OVER YEAR COMPARISON FOR 2022, 2021 & 2020) NEWPORT BEACH HOTELS WEEKLY REVPAR (2022 vs. 2021) NOVEMBER 10, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR WEEKLY REVPAR REVPAR BY MONTH $229.66 $196.76 $198.21 $196.22 $203.28 $184.43 $194.74 $186.64 $187.67 $146.53 $149.73 $272.10 $230.48 $248.10 $275.12 $266.28 $231.87 $221.46 $265.50 $243.08 $205.55 $190.00 OCT 09 SEP 25 OCT 23 OCT 16 SEP 11 OCT 30 OCT 02 SEP 04 AUG 21 AUG 28 SEP 18 20222021 $209.11 $183.55 $150.39 $103.11$235.74 $225.44 $204.41 $132.16$245.44 $267.27 $220.60 $190.98$283.84 $280.80 $254.02 $218.08$278.15 $257.18 $226.34 $231.17$295.51 $244.41 $188.29 $217.72$302.80 $242.91 $194.78 $236.75 OCT 16 OCT 22OCT 09 OCT 15 OCT 30 NOV 05OCT 23 OCT 29 $168.14 $191.99 $79.98 $35.37 $122.87 $135.07 $130.46 $134.15 $102.56 $72.95 $55.35 $75.46 $107.24 $141.42 $151.26 $198.54 $181.29 $166.41 $174.69 $114.90 $206.54 $208.16 $326.26 $278.88 $254.02 OCT $199.62 AUGJULJUN SEP $248.99 MAR $205.89 MAY $75.91 FEB $114.63 APR DECNOV $169.04 $253.62 $284.44 JAN 202220212020
SOURCE: STR NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF OCTOBER 09 OCTOBER 30, 2022) ) NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR OVER YEAR COMPARISON FOR 2022, 2021 & 2020) NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE (2022 vs. 2021) NOVEMBER 10, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY 58.1% 52.8% 55.7% 60.8% 62.2% 56.2% 61.4% 59.8% 61.7% 55.9% 48.8% 68.5% 60.0% 62.9% 78.8% 76.1% 64.6% 66.8% 75.7% 73.6% 64.7% 61.2% 0 55 110 OCT 23OCT 16SEP 25 OCT 02SEP 11 OCT 09 OCT 30SEP 18SEP 04AUG 28AUG 21 2021 2022 WEEKLY OCCUPANCY 62.1% 51.7% 48.7% 36.9% 67.9% 65.5% 65.4% 43.6% 72.6% 85.2% 72.6% 64.1%82.4% 87.2% 75.3% 70.0%80.7% 79.6% 70.3% 72.4%78.5% 73.8% 59.4% 68.5%85.6% 72.3% 61.5% 72.8% OCT 30 NOV 05OCT 16 OCT 22 OCT 23 OCT 29OCT 09 OCT 15 OCCUPANCY BY MONTH 69.1% 30.0% 13.5% 27.7% 37.3% 38.2% 44.2% 43.9% 45.2% 34.3% 25.0% 22.7% 29.6% 47.7% 52.7% 62.7% 71.6% 61.7% 58.1% 59.8% 53.5% 51.5% 37.5% 52.7% 63.8% 62.9% 60.2% 64.2% 73.5% 67.9% 70.1% JUL 79.7% 38.6% MAY DECOCTMAR SEPJAN FEB AUGJUN NOVAPR 2020 20222021
SOURCE: STR NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK (WEEKS OF OCTOBER 09 OCTOBER 30, 2022) NEWPORT BEACH HOTELS AVERAGE MONTHLY REVPAR (YEAR OVER YEAR COMPARISON FOR 2022, 2021 & 2020) NEWPORT BEACH HOTELS WEEKLY ADR (2022 vs. 2021) NOVEMBER 10, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR WEEKLY ADR ADR BY MONTH $364.58 $351.31 $319.03 $326.71 $326.09 $311.60 $312.21 $262.59 $397.27 $374.34 $342.35 $349.06 $350.03 $357.77 $349.39 $332.53 $316.91 $310.59 200 250 300 350 400 $306.97 OCT 30OCT 23OCT 16 $303.71 SEP 25SEP 18SEP 11AUG 21 OCT 02 OCT 09 $328.64 SEP 04AUG 28 $394.13 20222021 $336.86 $355.28 $308.99 $279.57$347.43 $344.18 $312.70 $302.88$337.96 $313.62 $303.75 $298.14$344.61 $322.01 $337.29 $311.68$344.88 $323.18 $322.09 $319.19$376.27 $331.33 $317.05 $318.03$353.92 $336.19 $316.53 $325.25 OCT 30 NOV 05OCT 23 OCT 29OCT 09 OCT 15 OCT 16 OCT 22 $243.41 $240.86 $266.20 $262.82 $274.49 $307.53 $321.26 $305.79 $297.41 $296.56 $298.99 $291.72$243.75 $255.16 $278.18 $287.16 $338.41 $303.37 $311.15 $338.97 $306.70 $320.66 $323.93 $330.92 $341.95 $407.58 $359.90 150 200 250 300 350 400 450 OCT $397.40 JUN SEPFEB $316.50 AUG $444.09 DECMAR $296.71 $403.73 MAY NOVJULJAN $379.47 APR 2021 20222020
SOURCE: KEY DATA DASHBOARD AIRbnb, VRBO NEWPORT BEACH SHORT-TERM RENTALS WEEKLY ADR (WEEKS OF OCTOBER 09 OCTOBER 30, 2022) NEWPORT BEACH SHORT-TERM RENTALS MONTHLY REVPAR (YEAR OVER YEAR COMPARISON FOR 2022, 2021 & 2020) NEWPORT BEACH SHORT-TERM RENTAL WEEKLY OCCUPANCY (2022 vs. 2021) NOVEMBER 10, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS WEEKLY ADR REVPAR BY MONTH 53.1% 52.0% 55.0% 56.0% 55.5% 54.8% 61.5% 56.4% 54.4% 54.3% 52.5% 67.6% 62.9% 65.2% 66.3% 65.7% 65.2% 73.6% 70.8% 63.9% 61.1% 55.0% 0 100 AUG 21 OCT 16OCT 09 OCT 30OCT 02SEP 25 OCT 23SEP 18AUG 28 SEP 11SEP 04 20222021 $152.29 $211.95 $317.12 $246.98 $198.71 $163.84 $151.10$163.05 $165.88 $196.77 $186.77 $198.33 $220.18 $156.73 $190.65 $257.02 $261.72 $238.19 100 150 200 250 300 350 400 450 OCTSEPJUL $137.18 MAR MAY $418.19 NOVJUN $347.86 APR $233.43 $307.81 DEC $119.06 $266.55 JAN AUG $146.96 $102.78 $302.18 $208.26 $123.80 $134.79 FEB $252.52$185.40 2021 20222020 WEEKLY OCCUPANCY $505.12 $505.36 $473.64 $477.33$491.32 $467.41 $468.93 $445.90$491.66 $446.88 $471.61 $439.03$518.74 $462.31 $484.03 $442.21$525.25 $480.11 $487.45 $468.94$533.40 $491.67 $483.56 $470.12$533.25 $497.39 $482.17 $466.31 OCT 30 NOV 05OCT 23 OCT 29OCT 09 OCT 15 OCT 16 OCT 22
SOURCE: STR, KEY DATA DASHBOARD NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2022 WEEKLY ADR NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2022 WEEKLY REVPAR NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2022 WEEKLY OCCUPANCY NOVEMBER 10, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY SHORT TERM RENTALS VS. HOTELS METRICS WEEKLY 68.5% 60.0% 62.9% 78.8% 76.1% 64.6% 66.8% 75.7%
67.6% 62.9% 65.2% 66.3% 65.7% 65.2% 73.6%
0 100 OCT 30OCT 23OCT 16OCT 02SEP 18SEP 11SEP 04AUG 28 OCT 09SEP 25AUG 21 SHORT TERM RENTALHOTEL $397.27 $374.68 $341.37 $348.02 $352.13 $357.25 $329.43 $350.28 $332.53 $316.91 $310.59 $620.64$609.73 $567.86 $522.53 $509.24 $503.87 $525.53 $514.41 $480.00 $478.39 $458.54 0 850 OCT 16OCT 09SEP 25 OCT 02SEP 18SEP 11AUG 28AUG 21 OCT 23 OCT 30SEP 04 SHORT TERM RENTALHOTEL WEEKLY OOCCUPANCY RATE WEEKLY ADR WEEKLY REVPAR $269.51 $231.48 $198.21 $274.33 $268.11 $231.53 $221.46 $264.37 $243.08 $205.76 $190.00$259.01$231.23 $231.18 $232.68 $238.20 $230.76 $240.32 $215.15 $184.05 $172.42 $149.72 0 500 OCT 23OCT 16OCT 02SEP 18 OCT 09 OCT 30SEP 04AUG 21 SEP 11AUG 28 SEP 25 SHORT TERM RENTALHOTEL
73.6% 64.7% 61.2%
70.8% 63.9% 61.1% 55.0%
SOURCE: STR, KEY DATA DASHBOARD NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2022 MONTHLY ADR NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2022 MONTHLY REVPAR NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2022 MONTHLY OCCUPANCY NOVEMBER 10, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY SHORT TERM RENTALS VS. HOTELS METRICS MONTHLY 37.5% 52.7% 63.8% 62.9% 60.2% 64.2% 73.5% 67.9% 70.1% 56.8% 66.6% 72.4% 71.3% 68.7% 78.1% 86.2% 74.5% 66.8% 0 100 JULJAN FEB MAR APR MAY JUN AUG SEP HOTEL SHORT TERM RENTAL $306.70 $320.66 $323.93 $330.92 $341.95 $379.47 $444.09 $414.84 $359.90$398.28 $424.18 $491.94 $514.49 $658.25 $741.97 $672.14 $535.42 0 850 APRFEB MAYJAN SEPMAR $507.72 JUN JUL AUG HOTEL SHORT TERM RENTAL MONTHLY OCCUPANCY RATE MONTHLY ADR $114.90 $169.04 $206.54 $208.16 $205.89 $253.62 $326.26 $281.59 $254.02 $135.10 $169.61 $239.34 $248.29 $345.41 $404.39 $221.92 0 450 JULJAN APRMARFEB MAY $229.67 JUN AUG $309.56 SEP SHORT TERM RENTALHOTEL MONTHLY REVPAR