ORANGE COUNTY UNEMPLOYMENT TRANSPORTATION 2021 VS. 2022 YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES -0.3% -0.15% (NOVEMBER 24 30, 2022) 2022 vs. 2019 ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE 2.8% (OCTOBER 2022) ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE +13.4% (OCTOBER 2022 vs. OCTOBER 2021) % OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES 93% 85% (NOVEMBER 24 30, 2022) CALIFORNIA & LA RESTAURANTS NEWPORT BEACH HOTELS (NOVEMBER 20 26, 2022) NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS) 46.1% NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS -9.4% 2022 vs. 2021 NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE $385.44 # OF HOTEL ROOMS OPEN FOR BOOKING: 2,977 NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE ALL HOTELS (OPEN & CLOSED HOTELS) 41.7% DECEMBER 01, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY NEWPORT BEACH SHORT-TERM VACATION RENTALS (NOVEMBER 20 26 , 2022) NEWPORT BEACH SHORT TERM RENTALS WEEKLY OCCUPANCY RATE 45.6% NEWPORT BEACH SHORT TERM RENTALS WEEKLY AVERAGE RATE $616.64 NEWPORT BEACH SHORT TERM RENTALS MONTHLY % CHANGE IN SUPPLY -0.09% OCTOBER TO NOVEMBER 2022 OCTOBER 2022 OCTOBER 2021 US AUTO MARKET SALES BY MONTH NOVEMBER 2022 NOVEMBER 2021 ORANGE COUNTY/JOHN WAYNE AIRPORT # OF MONTHLY PASSENGERS 1,014,460 783,737 314,396 1,040,310 +29.4% 69.7%
GASOLINE: NATIONAL AVG. VS CALIFORNIA AVG. VS HOTEL OCCUPANCY RATE SEPTEMBER 26, 2022 NOVEMBER 27, 2022 SOURCE: OCAIR.COM SOURCE: U.S. ENERGY INFORMATION DEPT., STR ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2022, 2021 & 2020) DECEMBER 01, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY TRANSPORTATION METRICS LOS ANGELES VS CALIFORNIA < 1.5% VARIANCE PASSENGER COUNT GASOLINE/GAL VS HOTEL OCCUPANCY RATE 64.7% 69.0% 77.9% 73.2% 67.4% 61.2% 67.8% 72.6% 46.1% $3.91 $3.91 $4.03 $3.99 $3.89 $3.86 $3.90 $3.87 $3.76 $5.72 $6.32 $6.25 $5.94 $5.60 $5.42 $5.33 $5.14 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 $5.31 OCT 03 SEP 26 NOV 21 OCT 31 NOV 14 OCT 17 OCT 24 NOV 07 OCT 10 CALIFORNIA GAS PRICE NATIONAL 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 OCT 783,737 AUG SEP MAR 385,396 NOV MAY 82,342 JUN 25,313 FEB DEC JUL APR 764,506 JAN 360,402 2020 2021 2022
SOURCE: U.S. INFLATION CALCULATOR SOURCE: U.S. INFLATION CALCULATOR, STR RATE OF INFLATION BY MONTH 2021 VS 2022 DECEMBER 01, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY ECONOMIC METRICS RATE OF INFLATION VS MONTHLY HOTEL OCCUPANCY RATE (%) JANUARY SEPTEMBER 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 20, 2022 NOVEMBER 26, 2022 SOURCE ZARTICO AVERAGE CREDIT/DEBIT CARD SPEND BY CATEGORY NOVEMBER 20, 2022 NOVEMBER 26, 2022 DECEMBER 01, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY ECONOMIC METRICS 31.1% 2.8% 4.5% 47.3% 2.5% 49.0% 27.6% 10.7% 3.4% 3.9% 2022 2021 4.0% Y/Y VARIANCE 7.3% 59.4% Accommodations Retail 2.5% Health Gas & Service Stations 9.5% Food Y/Y VARIANCE $213.69 $192.73 $115.85 $110.82 $104.71 $101.51 $78.75 $70.08 Philadelphia PA San Francisco CA Seattle Tacoma WA Las Vegas NV $350.92 Sacramento CA Los Angeles CA Chicago IL Salt Lake City UT Phoenix AZ Denver CO AVG TRANSACTION SPEND $243.63 CATEGORY SPEND AVERAGE CREDIT/DEBIT SPEND 2.5% 8.9% 3.1% 4.7% 3.6% 2.9% 3.1% 4.6% 6.3% 6.9% % OF TOTAL VISITOR SPEND SOURCE ZARTICO
SOURCE: ZARTICO SOURCE: ZARTICO OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS OCTOBER 23 29, 2022 DECEMBER 01, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY VISITATION METRICS VISITATION TYPE BY TOP 10 ORIGIN MARKETS NOVEMBER 20, 2022 NOVEMBER 26, 2022 36.5% 7.1% 5.5% 4.5% 3.3% 2.8% 2.3% 2.0% 1.8% 1.8% Dallas Ft. Worth TX Sacramento CA Las Vegas NV Denver CO San Francisco CA Phoenix AZ Salt Lake City UT New York NY San Diego CA Los Angeles CA % OF TOTAL VISITORS BY ORIGIN MARKET VISITATION BY ORIGIN MARKET 27.4% 13.1% 5.9% 4.7% 3.4% 3.0% 3.0% 2.3% 2.1% 2.0% 50.3% 14.5% 3.0% 2.7% 1.3% 2.3% 2.8% 1.2% 1.4% 1.1% 25.7% 30.1% 4.9% 5.0% 1.7% 1.8% 4.6% 0.9% 1.3% 23.8% 31.5% 5.3% 5.3% 1.7% 1.7% 3.4% 1.3% 0.9% 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 OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF OCTOBER 30 NOVEMBER 20 , 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) DECEMBER 01, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY 60.8% 62.2% 56.2% 61.4% 59.8% 61.7% 55.9% 48.8% 61.8% 57.9% 50.9% 78.8% 76.1% 64.6% 66.8% 75.7% 73.6% 64.7% 61.2% 67.8% 72.7% 46.1% 0 55 110 NOV 20 NOV 13 OCT 30 OCT 16 NOV 06 OCT 09 OCT 02 SEP 18 SEP 11 OCT 23 SEP 25 2022 2021 WEEKLY OCCUPANCY 36.9% 43.5% 62.0% 42.4% 43.6% 59.3% 79.8% 36.2% 64.1% 69.2% 79.2% 36.9% 70.0% 68.6% 76.8% 47.8% 72.4% 68.6% 69.8% 56.4% 68.5% 85.3% 69.9% 57.2% 72.8% 80.2% 71.6% 45.6% NOV 20 NOV 26 NOV 13 NOV 19 NOV 06 NOV 12 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 38.6% AUG SEP JUN MAY DEC JAN FEB 79.7% JUL OCT APR MAR 2021 2022 2020
SOURCE: STR NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK (WEEKS OF OCTOBER 30 NOVEMBER 20, 2022) NEWPORT BEACH HOTELS AVERAGE MONTHLY ADR (YEAR OVER YEAR COMPARISON FOR 2022, 2021 & 2020) NEWPORT BEACH HOTELS WEEKLY ADR (2022 vs. 2021) DECEMBER 01, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR WEEKLY ADR ADR BY MONTH $319.03 $326.71 $326.09 $311.60 $312.21 $262.59 $285.39 $289.97 $349.06 $350.03 $357.77 $349.39 $332.53 $316.91 $310.59 $322.65 $385.44 200 250 300 350 400 NOV 13 $312.05 NOV 06 OCT 30 OCT 23 NOV 20 SEP 25 OCT 16 $303.71 OCT 09 $306.97 OCT 02 SEP 11 $328.64 $378.82 SEP 18 2022 2021 $279.57 $313.23 $285.54 $343.82 $302.88 $344.27 $291.56 $341.97 $298.14 $311.21 $304.49 $301.00 $311.68 $297.51 $326.45 $435.63 $319.19 $308.10 $331.70 $451.74 $318.03 $339.55 $315.72 $414.18 $325.25 $337.59 $328.91 $356.52 NOV 13 NOV 19 NOV 06 NOV 12 NOV 20 NOV 26 OCT 30 NOV 05 $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 DEC $303.37 SEP AUG $403.73 NOV MAR JUN JUL $379.47 $444.09 FEB $397.40 APR $316.50 $296.71 MAY OCT JAN 2021 2022 2020
SOURCE: STR NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK (WEEKS OF OCTOBER 30 NOVEMBER 20, 2022) NEWPORT BEACH HOTELS AVERAGE MONTHLY REVPAR (YEAR OVER YEAR COMPARISON FOR 2022, 2021 & 2020) NEWPORT BEACH HOTELS WEEKLY REVPAR (2022 vs. 2021) DECEMBER 01, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR WEEKLY REVPAR REVPAR BY MONTH $196.22 $203.28 $184.43 $194.74 $186.64 $187.67 $146.53 $149.73 $176.44 $168.53 $192.76 $275.12 $266.28 $231.87 $221.46 $265.50 $243.08 $205.55 $190.00 $218.80 $227.04 $177.67 OCT 30 OCT 23 OCT 16 OCT 09 NOV 20 SEP 18 SEP 25 NOV 06 NOV 13 OCT 02 SEP 11 2022 2021 $103.11 $136.26 $176.96 $145.87 $132.16 $204.11 $232.70 $123.94 $190.98 $215.24 $241.18 $111.22 $218.08 $204.17 $250.57 $208.23 $231.17 $211.34 $231.64 $254.78 $217.72 $289.59 $220.59 $236.93 $236.75 $270.91 $235.67 $162.75 NOV 20 NOV 26 NOV 13 NOV 19 OCT 30 NOV 05 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 OCT $181.29 SEP JUL JUN $114.63 NOV JAN $205.89 $75.91 $248.99 FEB $253.62 $199.62 APR $284.44 MAR AUG MAY DEC $169.04 2021 2022 2020
SOURCE: KEY DATA DASHBOARD AIRbnb, VRBO NEWPORT BEACH SHORT-TERM RENTALS WEEKLY ADR (WEEKS OF OCTOBER 30 NOVEMBER 20, 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) DECEMBER 01, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS WEEKLY ADR REVPAR BY MONTH 43.1% 42.1% 42.7% 45.4% 37.0% 34.2% 31.9% 31.7% 40.2% 34.6% 51.1% 44.8% 45.2% 46.4% 52.4% 40.7% 38.0% 35.7% 32.6% 37.8% 30.6% 45.6% 0 100 NOV 06 OCT 23 NOV 13 OCT 09 OCT 16 NOV 20 OCT 30 SEP 25 SEP 18 SEP 11 OCT 02 2022 2021 $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 $185.43 100 150 200 250 300 350 400 450 JUL $307.81 $418.19 NOV $347.86 MAY $185.40 APR $266.55 $233.43 $102.78 $134.79 DEC MAR FEB $252.52 $146.96 $119.06 JUN JAN $208.26 $302.18 $137.18 AUG OCT $123.80 SEP 2022 2021 2020 WEEKLY OCCUPANCY $477.33 $449.74 $438.79 $581.58 $445.90 $437.20 $436.33 $603.55 $439.03 $431.78 $442.30 $620.59 $442.21 $437.44 $440.39 $635.09 $468.94 $448.06 $461.04 $636.66 $470.12 $463.63 $499.64 $639.79 $466.31 $452.76 $549.80 $599.25 NOV 20 NOV 26 NOV 13 NOV 19 OCT 30 NOV 05 NOV 06 NOV 12
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 DECEMBER 01, 2022 WEEKLY REPORT NEWPORT BEACH & COMPANY SHORT TERM RENTALS VS. HOTELS METRICS WEEKLY 78.8% 76.1% 64.6% 66.8% 75.7% 73.6% 64.7% 61.2% 67.8% 72.7% 44.8% 45.2% 46.4% 52.4% 40.7% 38.0% 35.7% 32.6% 37.8% 30.6% 45.6% 0 100 46.1% NOV 20 NOV 13 OCT 16 OCT 09 OCT 02 SEP 25 OCT 30 SEP 18 NOV 06 SEP 11 OCT 23 HOTEL SHORT TERM RENTAL $348.02 $352.13 $357.25 $329.43 $350.28 $332.53 $316.91 $310.59 $322.65 $312.05 $385.44 $522.53 $509.24 $503.87 $525.53 $514.41 $480.00 $478.39 $458.54 $445.80 $616.64 0 850 NOV 13 OCT 30 OCT 16 OCT 09 SEP 18 NOV 06 OCT 02 SEP 11 NOV 20 OCT 23 $466.89 SEP 25 SHORT TERM RENTAL HOTEL WEEKLY OOCCUPANCY RATE WEEKLY ADR WEEKLY REVPAR $274.33$268.11 $231.53 $221.46 $264.37 $243.08 $205.76 $190.00 $218.80 $227.04 $177.67 $232.68 $238.20 $230.76 $240.32 $215.15 $184.05 $172.42 $149.72 $168.30 $142.42 $280.34 0 500 NOV 20 NOV 13 NOV 06 OCT 16 OCT 23 OCT 02 OCT 09 SEP 25 OCT 30 SEP 18 SEP 11 SHORT TERM RENTAL HOTEL
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 DECEMBER 01, 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% 68.4% 56.8% 66.6% 72.4% 71.3% 68.7% 78.1% 86.2% 74.5% 66.8% 57.9% 0 100 SEP JUL JUN AUG MAY APR FEB MAR OCT JAN SHORT TERM RENTAL HOTEL $306.70 $320.66 $323.93 $330.92 $341.95 $379.47 $444.09 $414.84 $359.90 $333.91 $398.28 $424.18 $491.94 $514.49 $658.25 $741.97 $672.14 $496.77 0 850 $535.42 JAN AUG FEB SEP OCT JUL MAY JUN $507.72 APR MAR SHORT TERM RENTAL HOTEL MONTHLY OCCUPANCY RATE MONTHLY ADR $114.90 $169.04 $206.54 $208.16 $205.89 $253.62 $326.26 $281.59 $254.02 $228.53 $135.10 $169.61 $239.34 $248.29 $345.41 $404.39 $221.92 $185.43 0 450 $309.56 OCT JAN MAY AUG $229.67 JUL APR FEB SEP JUN MAR SHORT TERM RENTAL HOTEL MONTHLY REVPAR
6.1%
