ORANGE COUNTY UNEMPLOYMENT TRANSPORTATION 2021 VS. 2022 YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES +0.5% -0.12% (NOVEMBER 09 15, 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 90% 85% (NOVEMBER 09 15, 2022) CALIFORNIA & LA RESTAURANTS NEWPORT BEACH HOTELS (NOVEMBER 13 19, 2022) NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS) 72.6% NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS +25.3% 2022 vs. 2021 NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE $312.24 # OF HOTEL ROOMS OPEN FOR BOOKING: 2,977 NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE ALL HOTELS (OPEN & CLOSED HOTELS) 66.2% NOVEMBER 23, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY 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 19, 2022 NOVEMBER 20, 2022 SOURCE: OCAIR.COM SOURCE: U.S. ENERGY INFORMATION DEPT., STR ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2022, 2021 & 2020) NOVEMBER 23, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY TRANSPORTATION METRICS LOS ANGELES VS CALIFORNIA < 1.5% VARIANCE PASSENGER COUNT GASOLINE/GAL VS HOTEL OCCUPANCY RATE 73.4% 64.7% 69.0% 77.9% 73.2% 67.4% 61.2% 67.8% 72.6% $3.83 $3.91 $3.91 $4.03 $3.99 $3.89 $3.86 $3.90 $3.87 $5.34 $5.72 $6.32 $6.25 $5.94 $5.60 $5.42 $5.33 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 NOV 14 NOV 07 OCT 24 OCT 03 OCT 10 OCT 17 SEP 19 OCT 31 $5.31 SEP 26 NATIONAL GAS PRICE CALIFORNIA GAS PRICE OCCUPANCY 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 SEP AUG NOV JUL 25,313 385,396 APR OCT DEC JUN MAY 783,737 MAR 764,506 360,402 FEB 82,342 JAN 2020 2022 2021
SOURCE: U.S. INFLATION CALCULATOR SOURCE: U.S. INFLATION CALCULATOR, STR RATE OF INFLATION BY MONTH 2021 VS 2022 NOVEMBER 23, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY ECONOMIC METRICS RATE OF INFLATION VS MONTHLY HOTEL OCCUPANCY RATE (%) JANUARY OCTOBER 2022 7.7% DEC 7.0% NOV 6.8% 6.2% SEP 8.2% 5.4% AUG 8.3% 5.3% 5.4% 7.5% 5.4% JUN 9.1% 7.9% JUL 8.3% MAY 8.6% 5.0% 2.6% 4.2% FEB APR 1.7% 1.4% JAN MAR OCT 8.5% 8.5% 2022 2021 INFLATION RATE 68.4% 7.7% SEP 70.1% 8.2% AUG 73.5% 8.3% JUN APR 64.2% MAY 8.5% 8.6% 9.1% 8.3% OCT 67.9% 7.5% 8.5% MAR 63.8% 60.2% 52.7% JUL 37.5% 62.9% 7.9% FEB JAN 2022 NEWPORT BEACH HOTEL OCCUPANCY RATE (%) 2022 INFLATION RATE INFLATION RATE VS OCCUPANCY RATE
AVG. CREDIT CARD/DEBIT TRANSACTION AMOUNT BY TOP 10 SPEND MARKETS NOVEMBER 13, 2022 NOVEMBER 19, 2022 SOURCE ZARTICO AVERAGE CREDIT/DEBIT CARD SPEND BY CATEGORY NOVEMBER 13, 2022 NOVEMBER 19, 2022 NOVEMBER 23, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY ECONOMIC METRICS 9.4% 4.7% 2.8% 28.8% 29.5% 6.4% 4.6% 47.9% 43.3% 4.1% 2022 2021 8.5% 3.1% 5.9% Y/Y VARIANCE Retail 89.1% Accommodations Food Gas & Service Stations Business & Professional 7.1% Y/Y VARIANCE $345.72 $163.92 $154.80 $151.78 $138.85 $95.23 $92.53 $73.54 Phoenix AZ Honolulu HI San Francisco CA Sacramento CA Santa Barbara CA Milwaukee WI Los Angeles CA Denver CO $411.66 New York NY Portland OR AVG TRANSACTION SPEND $603.62 CATEGORY SPEND AVERAGE CREDIT/DEBIT SPEND 5.8% 2.7% 2.4% 5.3% 2.8% 3.0% 2.6% 7.0% 2.5% 14.3% % OF TOTAL VISITOR SPEND SOURCE ZARTICO
SOURCE: ZARTICO SOURCE: ZARTICO OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS NOVEMBER 13 19, 2022 NOVEMBER 23, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY VISITATION METRICS VISITATION TYPE BY TOP 10 ORIGIN MARKETS NOVEMBER 13, 2022 NOVEMBER 19, 2022 35.9% 6.9% 5.7% 4.5% 3.3% 2.7% 2.4% 1.9% 1.8% 1.8% Dallas Ft. Worth TX Salt Lake City UT Sacramento CA Phoenix AZ San Diego CA Las Vegas NV New York NY San Francisco CA Denver CO Los Angeles CA % OF TOTAL VISITORS BY ORIGIN MARKET VISITATION BY ORIGIN MARKET 24.9% 13.5% 6.1% 4.9% 3.5% 3.1% 3.1% 2.4% 2.2% 2.1% 45.4% 15.9% 3.4% 3.0% 1.4% 2.5% 3.0% 1.3% 1.4% 1.2% 22.0% 31.4% 5.2% 5.3% 1.8% 1.9% 4.8% 0.9% 1.3% 20.9% 32.5% 5.5% 5.6% 1.7% 1.8% 3.5% 1.4% 1.0% 1.3% Non-US Los Angeles CA Phoenix AZ Las Vegas NV Salt Lake City UT San Francisco CA San Diego CA Denver CO Sacramento CA 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 23 NOVEMBER 13, 2022) NEWPORT BEACH HOTELS AVERAGE MONTHLY REVPAR (YEAR OVER YEAR COMPARISON FOR 2022, 2021 & 2020) NEWPORT BEACH HOTELS WEEKLY REVPAR (2022 vs. 2021) NOVEMBER 23, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR WEEKLY REVPAR REVPAR BY MONTH $198.21 $196.22 $203.28 $184.43 $194.74 $186.64 $187.67 $146.53 $149.73 $176.44 $168.53 $248.10 $275.12 $266.28 $231.87 $221.46 $265.50 $243.08 $205.55 $190.00 $218.80 $226.61 NOV 06 OCT 30 SEP 04 OCT 16 SEP 25 SEP 18 OCT 23 OCT 02 NOV 13 SEP 11 OCT 09 2022 2021 $150.39 $103.11 $136.26 $176.92 $204.41 $132.16 $204.11 $232.19 $220.60 $190.98 $215.24 $240.60 $254.02 $218.08 $204.17 $250.55 $226.34 $231.17 $211.34 $231.62 $188.29 $217.72 $289.59 $219.65 $194.78 $236.75 $270.91 $234.74 NOV 13 NOV 19 OCT 30 NOV 05 OCT 23 OCT 29 NOV 06 NOV 12 $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 $166.41 $174.69 $114.90 $206.54 $208.16 $326.26 $278.88 $254.02 $228.53 SEP JUL $284.44 $205.89 $75.91 $253.62 APR DEC OCT MAR $181.29 AUG FEB NOV MAY $248.99 $169.04 JUN $114.63 $199.62 JAN 2020 2022 2021
SOURCE: STR NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF OCTOBER 23 NOVEMBER 13 , 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 23, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY 55.7% 60.8% 62.2% 56.2% 61.4% 59.8% 61.7% 55.9% 48.8% 61.8% 57.9% 78.8% 76.1% 64.6% 66.8% 75.7% 73.6% 64.7% 61.2% 67.8% 72.6% 0 55 110 NOV 13 OCT 30 OCT 23 62.9% OCT 16 OCT 09 NOV 06 OCT 02 SEP 18 SEP 04 SEP 11 SEP 25 2022 2021 WEEKLY OCCUPANCY 48.7% 36.9% 43.5% 62.0% 65.4% 43.6% 59.3% 79.8% 72.6% 64.1% 69.2% 79.2% 75.3% 70.0% 68.6% 76.8% 70.3% 72.4% 68.6% 69.8% 59.4% 68.5% 85.3% 69.4% 61.5% 72.8% 80.2% 71.1% NOV 13 NOV 19 NOV 06 NOV 12 OCT 23 OCT 29 OCT 30 NOV 05 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% 68.4% NOV SEP JUL MAY 79.7% APR MAR JUN 38.6% AUG DEC JAN OCT FEB 2021 2022 2020
SOURCE: STR NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK (WEEKS OF OCTOBER 23 NOVEMBER 13, 2022) NEWPORT BEACH HOTELS AVERAGE MONTHLY ADR (YEAR OVER YEAR COMPARISON FOR 2022, 2021 & 2020) NEWPORT BEACH HOTELS WEEKLY ADR (2022 vs. 2021) NOVEMBER 23, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR WEEKLY ADR ADR BY MONTH $351.31 $319.03 $326.71 $326.09 $311.60 $312.21 $262.59 $285.39 $291.04 $349.06 $350.03 $357.77 $349.39 $332.53 $316.91 $310.59 $322.65 $312.24 200 220 240 260 280 300 320 340 360 OCT 23 OCT 30 OCT 16 OCT 09 NOV 13 SEP 04 OCT 02 $306.97 SEP 25 $342.35 SEP 18 SEP 11 $328.64 NOV 06 $303.71 2022 2021 $308.99 $279.57 $313.23 $285.47 $312.70 $302.88 $344.27 $290.93 $303.75 $298.14 $311.21 $303.76 $337.29 $311.68 $297.51 $326.43 $322.09 $319.19 $308.10 $331.66 $317.05 $318.03 $339.55 $316.66 $316.53 $325.25 $337.59 $330.26 NOV 13 NOV 19 NOV 06 NOV 12 OCT 30 NOV 05 OCT 23 OCT 29 $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 $311.15 $338.97 $306.70 $320.66 $323.93 $330.92 $341.95 $407.58 $359.90 $333.91 150 200 250 300 350 400 450 OCT $303.37 $403.73 DEC $397.40 MAY JUN AUG NOV SEP MAR FEB JUL JAN $444.09 APR $296.71 $316.50 $379.47 2021 2022 2020
3.5% MON NOV 14 LOS ANGELES CALIFORNIA OPEN RESTAURANTS
SAT NOV 05 85.0% 82.0%
2.4% TUE NOV 15 82.0%
5.2% THUR NOV 10 84.0%
11.2% SUN NOV 06 OCT
TUE NOV 08 OCT
21
9.3% WED NOV 09 OCT
14.6% 90.0% 90.0% 89.0% 90.0% 89.0% 89.0%
SUN NOV 13 28 Sep SEP
FRI NOV 11 85.0% 82.0%
WED NOV 16
THUR NOV 17
14.3% 2.3% MON NOV 21
2.9% SAT NOV 12 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 NOV
05
12
LOS ANGELES CALIFORNIA DINERS: DAILY
FRI NOV 18
SAT NOV 19
SUN NOV 20
91.0% 90.0% 91.0% 92.0% 91.0%
1.7% MON NOV 07 SEP 07 SEP 14
16 NOV 09 OCT 26 88.0% 87.0% NOV 02
19
85.0% 83.0% 84.0%
SOURCE: OPENTABLE.COM
CALIFORNIA & LA DAILY SEATED DINERS FROM ONLINE, PHONE OR WALK IN (PERCENT CHANGE 2022 vs. 2019) % OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK NOVEMBER 23, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY RESTAURANT METRICS
SOURCE:
OPENTABLE.COM
3.2% 7.4% 33.8%
17.4%
6.3% 6.1%
22.3% 2.2% 5.9% 6.0% 10.2% 3.7%
2.8% 37.1% 30.2%
14.0% 19.2% 19.6%
2.8%
2.2% 2.7% 1.3% 6.8% 8.2%
SAN DIEGO NOVEMBER 2022 • 11/1 13: FLEET WEEK • 11/4 13: BEER WEEK • 11/8 13: SD BAY & WINE FEST • 11/11 12/4: DEL MAR RACING SEASON SANTA BARBARA NOVEMBER 2022 • 11/2 6: SB JEWISH FILM FESTIVAL • 11/6: SB HALF MARATHON • 11/11: ROCK ‘N’ ROLL BBQ • 11/18 20: ANTIQUE & VINTAGE SHOW HOLLYWOOD NOVEMBER 2022 LOS ANGELES NOVEMBER 19 – JANUARY 9 L.A. ZOO LIGHTS: A WONDERFUL NIGHT OF LIGHT HOLLYWOOD /GREATER LA NOVEMBER 2 6,2022 • 11/2 6: AFI FEST • 11/17 20: ELTON JOHN NOVEMBER 23, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY COMPETITIVE SET METRICS AND EVENTS NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR OCTOBER 2022 (AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR OCTOBER 2022) SOURCE: STR THANKSGIVING NOVEMBER 24 $333.91 $268.91 $212.89 $417.70 $299.78 $315.25 $674.68 $206.17 $241.71 $405.84 68.4% 75.3% 77.2% 63.2% 73.9% 73.9% 74.5% 60.4% 84.9% 79.2% PALM SPRINGS LA JOLLA 66.8% SAN DIEGO SANTA BARBARA IRVINE $183.97 SANTA MONICA NEWPORT BEACH BEVERLY HILLS HUNTINGTON BEACH ANAHEIM DANA POINT AVERAGE DAILY RATE ($) OCCUPANCY RATE (%) NOVEMBER 2022 (START) AIRLINES TO REDUCE NUMBER OF FLIGHTS • AMERICAN AIRLINES CUT 31K FLIGHTS • DELTA & UNITED HAVE NOT RELEASED NUMBER OF FLIGHTS REDUCED • 11/1 13: FLEET WEEK • 11/4 13: BEER WEEK FEDERAL OPEN MARKET MEETINGS • 11/2 – 11/3 • 12/14 12/15