ORANGE COUNTY UNEMPLOYMENT TRANSPORTATION 2021 VS. 2022 YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES -0.8% -0.17% (DECEMBER 7 - 14, 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% 84% (DECEMBER 7 - 14, 2022) CALIFORNIA & LA RESTAURANTS NEWPORT BEACH HOTELS (DECEMBER 4 - 10, 2022) NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS) 67.0% NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS +11.7% 2022 vs. 2021 NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE $310.15 # OF HOTEL ROOMS OPEN FOR BOOKING: 2,977 NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE ALL HOTELS (OPEN & CLOSED HOTELS) 60.7% DECEMBER 15, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY NEWPORT BEACH SHORT-TERM VACATION RENTALS (DECEMBER 4 - 10, 2022) NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY RATE 28.8% NEWPORT BEACH SHORT-TERM RENTALS WEEKLY AVERAGE RATE $393.54 NEWPORT BEACH SHORT-TERM RENTALS MONTHLY % CHANGE IN SUPPLY -0.07% 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 1,014,460 783,737 598,613 1,040,310 +29.4% -53.9%
GASOLINE: NATIONAL AVG. VS CALIFORNIA AVG. VS HOTEL OCCUPANCY RATE OCTOBER 10, 2022 – DECEMBER 05, 2022 SOURCE: OCAIR.COM SOURCE: U.S. ENERGY INFORMATION DEPT., STR ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2022, 2021 & 2020) DECEMBER 15, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY TRANSPORTATION METRICS LOS ANGELES VS CALIFORNIA < 1.5% VARIANCE PASSENGER COUNT GASOLINE/GAL VS HOTEL OCCUPANCY RATE 77.9% 73.2% 67.4% 61.2% 67.8% 72.6% 46.1% 52.1% 67.0% $4.03 $3.99 $3.89 $3.86 $3.90 $3.87 $3.76 $3.64 $3.50 $6.25 $5.94 $5.60 $5.42 $5.33 $5.14 $4.90 $4.66 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 DEC 05 NOV 28 NOV 14 OCT 24 NOV 07 $5.31 OCT 31 NOV 21 OCT 17 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 1,079,792 195,290 227,402 495,592 585,735 730,144 890,185 831,522 783,737 873,422 854,393 847,671 806,386 337,981 82,342 181,486 239,120 266,986 274,813 307,865 277,020 231,033 SEP AUG MAY OCT APR 764,506 JAN NOV FEB JUN 25,313 385,396 360,402 DEC JUL MAR 2020 2021 2022
SOURCE: U.S. INFLATION CALCULATOR SOURCE: U.S. INFLATION CALCULATOR, STR RATE OF INFLATION BY MONTH 2021 VS 2022 DECEMBER 15, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY ECONOMIC METRICS RATE OF INFLATION VS MONTHLY HOTEL OCCUPANCY RATE (%) JANUARY – SEPTEMBER 2022 7.1% DEC NOV 6.8% 7.0% 7.7% 6.2% 5.4% 8.3% 8.5% JUN 9.1% 5.4% 1.4% 5.3% MAY AUG 5.0% 5.4% APR 8.3% 8.2% 2.6% 4.2% 7.5% MAR FEB JUL 7.9% OCT 8.6% SEP JAN 1.7% 8.5% 2022 2021 INFLATION RATE 7.7% 70.1% AUG 67.9% JUL 73.5% 8.5% 60.2% JUN 7.9% 64.2% 9.1% OCT 8.6% 62.9% 8.3% FEB 8.3% MAR 37.5% 63.8% 8.2% 8.5% JAN SEP 7.5% MAY APR 68.4% 52.7% 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 DECEMBER 04 – DECEMBER 10, 2022 SOURCE: ZARTICO AVERAGE CREDIT/DEBIT CARD SPEND BY CATEGORY DECEMBER 04 – DECEMBER 10, 2022 DECEMBER 15, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY ECONOMIC METRICS 5.4% 4.8% 45.6% 29.8% 7.4% 4.1% 4.0% 40.6% 4.2% 35.0% 2022 2021 9.0% -10.2% -4.0% -14.8% Retail 45.5% Food Y/Y VARIANCE Accommodations Health Gas & Service Stations Y/Y VARIANCE $120.02 $97.97 $75.65 Minneapolis-St. Paul MN $403.24 $183.36 $355.51 Austin TX $215.65 Denver CO Chicago IL Phoenix AZ Honolulu HI San Francisco CA San Diego CA AVG TRANSACTION SPEND $160.28 Palm Springs CA $319.27 $165.84 Santa Barbara CA CATEGORY SPEND AVERAGE CREDIT/DEBIT SPEND 0.2% 0.5% 1.5% 1.6% 0.2% 3.6% 1.1% 3.9% 2.2% 2.9% % OF TOTAL VISITOR SPEND SOURCE: ZARTICO
SOURCE: ZARTICO SOURCE: ZARTICO OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS DECEMBER 04 - DECEMBER 10, 2022 DECEMBER 15, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY VISITATION METRICS VISITATION TYPE BY TOP 10 ORIGIN MARKETS DECEMBER 04 – DECEMBER 10, 2022 45.2% 4.3% 3.9% 3.6% 3.3% 2.9% 2.2% 1.9% 1.6% 1.6% Denver CO New York NY San Francisco CA Fresno-Visalia CA San Diego CA Phoenix AZ Las Vegas NV Los Angeles CA Seattle-Tacoma WA Sacramento CA % OF TOTAL VISITORS BY ORIGIN MARKET VISITATION BY ORIGIN MARKET 35.7% 11.8% 5.2% 4.1% 2.7% 3.0% 2.7% 2.0% 1.5% 1.8% 55.9% 13.5% 2.6% 2.4% 2.5% 1.2% 2.1% 1.0% 0.8% 1.0% 32.8% 27.7% 4.4% 4.5% 4.1% 1.6% 1.6% 1.7% 1.1% 30.4% 29.2% 4.8% 4.9% 3.1% 1.5% 1.5% 1.2% 2.1% 1.2% Non-US Los Angeles CA Phoenix AZ Las Vegas NV San Diego CA Salt Lake City UT San FranciscoCA Denver CO Honolulu HI 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 NOVEMBER 13 – DECEMBER 04, 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 15, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY 56.2% 61.4% 59.8% 61.7% 55.9% 48.8% 61.8% 57.9% 50.9% 45.9% 60.0% 64.6% 66.8% 75.7% 73.6% 64.7% 61.2% 67.8% 72.7% 46.1% 52.1% 67.0% 0 55 110 NOV 20 NOV 27 NOV 13 DEC 04 NOV 06 OCT 30 OCT 23 OCT 09 OCT 02 SEP 25 OCT 16 2022 2021 WEEKLY OCCUPANCY 62.0% 42.4% 28.7% 41.4% 79.8% 36.2% 41.3% 61.2% 79.2% 36.9% 50.3% 74.1% 76.8% 47.8% 58.4% 83.0% 69.8% 56.4% 63.2% 74.6% 69.9% 57.2% 59.5% 65.7% 71.6% 45.6% 63.1% 69.2% DEC 04 - DEC 10 NOV 20 - NOV 26 NOV 13 - NOV 19 NOV 27 - DEC 03 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% MAY MAR 38.6% NOV JUL DEC JUN FEB AUG OCT APR 79.7% JAN SEP 2022 2021 2020
SOURCE: STR NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK (WEEKS OF NOVEMBER 13 – DECEMBER 04, 2022) NEWPORT BEACH HOTELS AVERAGE MONTHLY ADR (YEAR - OVER - YEAR COMPARISON FOR 2022, 2021 & 2020) NEWPORT BEACH HOTELS WEEKLY ADR (2022 vs. 2021) DECEMBER 15, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR WEEKLY ADR ADR BY MONTH $326.09 $311.60 $312.21 $262.59 $285.39 $289.97 $378.82 $294.49 $285.02 $357.77 $328.64 $349.39 $332.53 $316.91 $310.59 $322.65 $385.44 $318.84 $310.15 200 250 300 350 400 DEC 04 $312.05 NOV 06 NOV 27 OCT 30 OCT 02 OCT 16 OCT 23 $303.71 NOV 13 OCT 09 $306.97 NOV 20 SEP 25 2022 2021 $285.54 $343.82 $279.52 $293.28 $291.56 $341.97 $311.17 $301.03 $304.49 $301.00 $311.79 $296.33 $326.45 $435.63 $314.94 $323.01 $331.70 $451.74 $328.19 $327.22 $315.72 $414.18 $332.33 $311.97 $328.91 $356.52 $328.83 $307.56 DEC 04 - DEC 10 NOV 13 - NOV 19 NOV 20 - NOV 26 NOV 27 - DEC 03 $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 AUG JUL $444.09 OCT $403.73 MAY $379.47 NOV DEC FEB APR $296.71 JAN $397.40 SEP MAR JUN $303.37 $316.50 2021 2022 2020
SOURCE: STR NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK (WEEKS OF NOVEMBER 13 – DECEMBER 04, 2022) NEWPORT BEACH HOTELS AVERAGE MONTHLY REVPAR (YEAR - OVER - YEAR COMPARISON FOR 2022, 2021 & 2020) NEWPORT BEACH HOTELS WEEKLY REVPAR (2022 vs. 2021) DECEMBER 15, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR WEEKLY REVPAR REVPAR BY MONTH $184.43 $194.74 $186.64 $187.67 $146.53 $149.73 $176.44 $168.53 $192.76 $135.15 $171.05 $231.87 $221.46 $265.50 $243.08 $205.55 $190.00 $218.80 $227.04 $177.67 $165.99 $207.86 DEC 04 NOV 27 NOV 13 NOV 06 OCT 30 OCT 16 OCT 23 OCT 09 OCT 02 SEP 25 NOV 20 2022 2021 $176.96 $145.87 $80.09 $121.27 $232.70 $123.94 $128.57 $184.14 $241.18 $111.22 $156.79 $219.48 $250.57 $208.23 $183.86 $268.00 $231.64 $254.78 $207.36 $244.12 $220.59 $236.93 $197.81 $205.08 $235.67 $162.75 $207.44 $212.93 DEC 04 - DEC 10 NOV 13 - NOV 19 NOV 27 - DEC 03 NOV 20 - NOV 26 $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 AUG $248.99 JUL NOV JUN $253.62 MAY $199.62 $114.63 OCT $75.91 JAN MAR $205.89 DEC SEP $169.04 $181.29 $284.44 APR FEB 2021 2022 2020
SOURCE: KEY DATA DASHBOARD – AIRbnb, VRBO NEWPORT BEACH SHORT-TERM RENTALS WEEKLY ADR (WEEKS OF NOVEMBER 13 – DECEMBER 04, 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 15, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS WEEKLY ADR REVPAR BY MONTH 42.7% 45.4% 37.0% 34.2% 31.9% 31.7% 40.2% 34.6% 51.1% 36.0% 46.4% 52.4% 40.7% 38.0% 35.7% 32.6% 37.8% 30.6% 24.0% 28.8% 0 100 29.9% 45.6% DEC 04 NOV 27 NOV 20 NOV 06 SEP 25 OCT 23 OCT 16 OCT 30 OCT 02 NOV 13 OCT 09 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 $176.72 100 150 200 250 300 350 400 450 $418.19 $252.52 MAY $233.43 $185.40 AUG $302.18 $102.78 $208.26 JUL $137.18 DEC $266.55 $347.86 $123.80 OCT $146.96 SEP $307.81 $119.06 JAN $134.79 JUN APR NOV MAR FEB 2022 2021 2020 WEEKLY OCCUPANCY $438.79 $581.58 $490.44 $403.28 $436.33 $603.55 $434.16 $374.09 $442.30 $620.59 $425.38 $365.04 $440.39 $635.09 $410.39 $384.76 $461.04 $636.66 $435.41 $397.35 $499.64 $639.79 $426.35 $412.62 $549.80 $599.25 $419.81 $417.60 NOV 20 - NOV 26 NOV 13 - NOV 19 NOV 27 - DEC 03 DEC 04 - DEC 10
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 15, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS WEEKLY 64.6% 66.8% 75.7% 73.6% 64.7% 61.2%
46.4%
0 100 DEC 04 NOV 27 NOV 06 NOV 13 OCT 30 OCT 23 NOV 20 OCT 16 SEP 25 OCT 02 OCT 09 SHORT-TERM RENTAL HOTEL $357.25$329.43 $350.28 $332.53 $316.91 $310.59
$503.87$525.53 $514.41 $480.00 $478.39
0 850 NOV 27 NOV 20 NOV 13
DEC 04 OCT 30 NOV 06 OCT 23 OCT 16 OCT 09 SEP 25
OCT 02 SHORT-TERM RENTAL HOTEL WEEKLY OCCUPANCY RATE WEEKLY ADR WEEKLY REVPAR $231.53 $221.46 $264.37 $243.08 $205.76
$230.76 $240.32 $215.15 $184.05 $172.42 $149.72
0 500 DEC 04 NOV 27 NOV 13 OCT 09 OCT 02 OCT 30 SEP 25 NOV 06 NOV 20 OCT 16 OCT 23 SHORT-TERM RENTAL HOTEL
67.8% 72.7% 46.1% 52.1% 67.0%
52.4% 40.7% 38.0% 35.7% 32.6% 37.8% 30.6% 45.6% 24.0% 28.8%
$322.65 $312.05 $385.44 $318.84 $310.15
$458.54 $445.80 $616.64 $393.54
$466.89
$434.56
$190.00 $218.80 $227.04 $177.67 $165.99 $207.86
$168.30 $142.42 $280.34 $104.05 $113.69
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 15, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS MONTHLY 37.5% 52.7%
56.8%
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
$398.28 $424.18 $491.94 $514.49
0 850
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
$135.10
$239.34 $248.29
$221.92 $185.43 0 450
OCT JAN MAY AUG $229.67 JUL APR FEB SEP JUN MAR SHORT-TERM RENTAL HOTEL MONTHLY REVPAR
63.8% 62.9% 60.2% 64.2% 73.5% 67.9% 70.1% 68.4%
66.6% 72.4% 71.3% 68.7% 78.1% 86.2% 74.5% 66.8% 57.9%
$444.09 $414.84 $359.90 $333.91
$658.25 $741.97 $672.14 $496.77
$535.42
$326.26 $281.59 $254.02 $228.53
$169.61
$345.41 $404.39
$309.56
