ORANGE COUNTY UNEMPLOYMENT TRANSPORTATION 2021 VS. 2022 YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES -0.5% -0.07% (DECEMBER 15 - 20, 2022) 2022 vs. 2019 ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE 2.8% (OCTOBER 2022) ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE +12.3% (NOVEMBER 2022 vs. NOVEMBER 2021) % OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES 94% 86% (DECEMBER 15 - 20, 2022) CALIFORNIA & LA RESTAURANTS NEWPORT BEACH HOTELS (DECEMBER 11 - 17, 2022) NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS) 62.8% NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS +18.1% 2022 vs. 2021 NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE $322.29 # OF HOTEL ROOMS OPEN FOR BOOKING: 2,977 NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE ALL HOTELS (OPEN & CLOSED HOTELS) 56.9% DECEMBER 22, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY NEWPORT BEACH SHORT-TERM VACATION RENTALS (DECEMBER 11 - 17, 2022) NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY RATE 28.1% NEWPORT BEACH SHORT-TERM RENTALS WEEKLY AVERAGE RATE $443.41 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 17, 2022 – DECEMBER 12, 2022 SOURCE: OCAIR.COM SOURCE: U.S. ENERGY INFORMATION DEPT., STR ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2022, 2021 & 2020) DECEMBER 22, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY TRANSPORTATION METRICS PASSENGER COUNT GASOLINE/GAL VS HOTEL OCCUPANCY RATE 73.2% 67.4% 61.2% 67.8% 72.6% 46.1% 52.1% 67.0% 62.8% $3.99 $3.89 $3.86 $3.90 $3.87 $3.76 $3.64 $3.50 $3.35 $5.94 $5.60 $5.42 $5.33 $5.31 $5.14 $4.90 $4.45 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 0 10 20 30 40 50 60 70 80 NOV 14 NOV 21 DEC 05 NOV 07 OCT 31 OCT 17 $4.66 NOV 28 OCT 24 DEC 12 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 OCT SEP AUG JUL MAR 385,396 FEB APR 764,506 JAN JUN 25,313 DEC 360,402 NOV MAY 2021 2020 2022
SOURCE: U.S. INFLATION CALCULATOR SOURCE: U.S. INFLATION CALCULATOR, STR RATE OF INFLATION BY MONTH 2021 VS 2022 DECEMBER 22, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY ECONOMIC METRICS RATE OF INFLATION VS MONTHLY HOTEL OCCUPANCY RATE (%) JANUARY – SEPTEMBER 2022 OCT SEP 8.2% 5.4% 6.2% 8.3% JUL 7.7% 8.5% 5.4% AUG 9.1% JUN NOV MAY 7.1% DEC 5.0% APR 8.3% 7.5% 4.2% 5.3% 2.6% MAR FEB 6.8% 7.9% 7.0% 8.5% 1.7% 1.4% JAN 5.4% 8.6% 2022 2021 INFLATION RATE 7.1% NOV 7.7% SEP 8.2% APR 8.3% 60.0% JUL 73.5% 64.2% JUN 9.1% MAY 8.5% 60.2% 7.5% 8.6% MAR OCT 70.1% 67.9% 63.8% 52.7% 8.5% 68.4% 7.9% FEB AUG 37.5% 8.3% 62.9% 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 DECEMBER 11 – DECEMBER 17, 2022 SOURCE: ZARTICO AVERAGE CREDIT/DEBIT CARD SPEND BY CATEGORY DECEMBER 11 – DECEMBER 17, 2022 DECEMBER 22, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY ECONOMIC METRICS 4.9% 4.6% 41.3% 37.4% 3.7% 3.5% 3.8% 6.0% 46.1% 32.1% 2022 2021 0.8% -2.0% -1.8% -50.6% Health Accommodations -27.1% Retail Food Gas & Service Stations AVG TOTAL SPEND Y/Y VARIANCE $120.56 $109.42 $101.32 $175.91 $217.39 Cleveland-Akron OH $1,300.33 Dallas-Ft. Worth TX $165.08 San Diego CA Palm Springs CA $163.76 Los Angeles CA Chicago IL San Francisco CA Denver CO $304.34 Phoenix AZ AVG TRANSACTION SPEND $195.79 Sacramento CA CATEGORY SPEND AVERAGE CREDIT/DEBIT SPEND 3.0% 5.1% 2.7% 3.0% 4.3% 6.6% 3.3% 6.2% 3.6% 10.2% % OF TOTAL VISITOR SPEND SOURCE: ZARTICO
SOURCE: ZARTICO SOURCE: ZARTICO OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS DECEMBER 11 - DECEMBER 17, 2022 DECEMBER 22, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY VISITATION METRICS VISITATION TYPE BY TOP 10 ORIGIN MARKETS DECEMBER 11 – DECEMBER 17, 2022 44.4% 6.0% 4.6% 3.8% 2.3% 2.3% 2.1% 1.6% 1.6% 1.5% Las Vegas NV Palm Springs CA Salt Lake City UT San Francisco CA Denver CO San Diego CA Santa Barbara CA Los Angeles CA Dallas-Ft. Worth TX Phoenix AZ % OF TOTAL VISITORS BY ORIGIN MARKET VISITATION BY ORIGIN MARKET 39.4% 11.2% 4.9% 3.9% 2.5% 2.8% 2.5% 1.9% 1.4% 1.7% 62.2% 11.6% 2.2% 2.0% 2.1% 1.0% 1.8% 0.9% 0.6% 0.8% 36.8% 26.1% 4.1% 4.2% 3.9% 1.5% 1.5% 1.6% 1.0% 34.4% 27.7% 4.5% 4.6% 2.9% 1.4% 1.4% 1.1% 2.0% 1.1% Non-US Los Angeles CA Phoenix AZ Las Vegas NV San Diego CA Salt Lake City UT San Francisco CA 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 20 – DECEMBER 11 , 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 22, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY 61.4% 59.8% 61.7% 55.9% 48.8% 61.8% 57.9% 50.9% 45.9% 60.0% 53.2% 66.8% 75.7% 73.6% 64.7% 61.2% 67.8% 72.7% 46.1% 52.1% 67.0% 62.8% 0 55 110 OCT 16 NOV 20 NOV 13 NOV 06 DEC 11 OCT 23 NOV 27 DEC 04 OCT 09 OCT 30 OCT 02 2021 2022 WEEKLY OCCUPANCY 42.4% 28.7% 41.4% 47.7% 36.2% 41.3% 61.2% 59.3% 36.9% 50.3% 74.1% 69.2% 47.8% 58.4% 83.0% 66.4% 56.4% 63.2% 74.6% 63.4% 57.2% 59.5% 65.7% 65.7% 45.6% 63.1% 69.2% 68.2% DEC 11 - DEC 17 DEC 04 - DEC 10 NOV 27 - DEC 03 NOV 20 - NOV 26 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% 61.0% NOV SEP DEC FEB JUL MAY APR OCT JAN AUG JUN 79.7% MAR 38.6% 2021 2022 2020
SOURCE: STR NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK (WEEKS OF NOVEMBER 20 – DECEMBER 11, 2022) NEWPORT BEACH HOTELS AVERAGE MONTHLY ADR (YEAR - OVER - YEAR COMPARISON FOR 2022, 2021 & 2020) NEWPORT BEACH HOTELS WEEKLY ADR (2022 vs. 2021) DECEMBER 22, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR WEEKLY ADR ADR BY MONTH $311.60 $312.21 $262.59 $285.39 $289.97 $378.82 $294.49 $285.02 $312.41 $349.39 $332.53 $316.91 $310.59 $322.65 $385.44 $318.84 $310.15 $322.29 200 250 300 350 400 NOV 27 NOV 20 DEC 04 $328.64 DEC 11 NOV 13 $312.05 NOV 06 $306.97 OCT 30 OCT 02 OCT 23 OCT 09 OCT 16 $303.71 2021 2022 $343.82 $279.52 $293.28 $305.25 $341.97 $311.17 $301.03 $295.94 $301.00 $311.79 $296.33 $306.73 $435.63 $314.94 $323.01 $314.09 $451.74 $328.19 $327.22 $329.84 $414.18 $332.33 $311.97 $327.41 $356.52 $328.83 $307.56 $368.92 NOV 27 - DEC 03 NOV 20 - NOV 26 DEC 11 - DEC 17 DEC 04 - DEC 10 $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 $338.97 $306.70 $320.66 $323.93 $330.92 $341.95 $407.58 $359.90 $333.91 $328.49 150 200 250 300 350 400 450 NOV AUG $403.73 JUL JUN $379.47 MAY $296.71 $303.37 $316.50 DEC $444.09 APR OCT MAR JAN SEP FEB $311.15 $397.40 2022 2021 2020
SOURCE: STR NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK (WEEKS OF NOVEMBER 20 – DECEMBER 11, 2022) NEWPORT BEACH HOTELS AVERAGE MONTHLY REVPAR (YEAR - OVER - YEAR COMPARISON FOR 2022, 2021 & 2020) NEWPORT BEACH HOTELS WEEKLY REVPAR (2022 vs. 2021) DECEMBER 22, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR WEEKLY REVPAR REVPAR BY MONTH $194.74 $186.64 $187.67 $146.53 $149.73 $176.44 $168.53 $192.76 $135.15 $171.05 $166.22 $221.46 $265.50 $243.08 $205.55 $190.00 $218.80 $227.04 $177.67 $165.99 $207.86 $202.45 DEC 11 DEC 04 OCT 16 NOV 06 OCT 30 NOV 20 NOV 27 NOV 13 OCT 09 OCT 23 OCT 02 2021 2022 $145.87 $80.09 $121.27 $145.50 $123.94 $128.57 $184.14 $175.46 $111.22 $156.79 $219.48 $212.15 $208.23 $183.86 $268.00 $208.48 $254.78 $207.36 $244.12 $208.96 $236.93 $197.81 $205.08 $215.01 $162.75 $207.44 $212.93 $251.56 DEC 11 - DEC 17 DEC 04 - DEC 10 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 $174.69 $114.90 $206.54 $208.16 $326.26 $278.88 $254.02 $228.53 $200.34 DEC $181.29 $199.62 $166.41 SEP AUG $248.99 $284.44 JUN NOV APR $205.89 MAY $75.91 $253.62 OCT FEB JUL $169.04 JAN MAR $114.63 2022 2021 2020
SOURCE: KEY DATA DASHBOARD – AIRbnb, VRBO NEWPORT BEACH SHORT-TERM RENTALS WEEKLY ADR (WEEKS OF NOVEMBER 20 – DECEMBER 11, 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 22, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS WEEKLY ADR REVPAR BY MONTH 37.0% 34.2% 31.9% 31.7% 40.2% 34.6% 51.1% 36.0% 35.5% 52.4% 40.7% 38.0% 35.7% 32.6% 37.8% 30.6% 24.0% 28.8% 28.1% 0 100 DEC 11 DEC 04 NOV 27 29.9% NOV 20 NOV 06 45.4% OCT 23 OCT 16 45.6% OCT 09 OCT 02 NOV 13 OCT 30 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 SEP OCT AUG $266.55 NOV JUL $208.26 $418.19 $233.43 $302.18 $307.81 DEC JUN $185.40 MAY FEB JAN APR $252.52 $137.18 $102.78 $146.96 $123.80 MAR $119.06 $134.79 $347.86 2022 2021 2020 WEEKLY OCCUPANCY $581.58 $490.44 $403.28 $401.70 $603.55 $434.16 $374.09 $402.37 $620.59 $425.38 $365.04 $414.06 $635.09 $410.39 $384.76 $430.83 $636.66 $435.41 $397.35 $463.07 $639.79 $426.35 $412.62 $488.86 $599.25 $419.81 $417.60 $502.99 DEC 04 - DEC 10 DEC 11 - DEC 17 NOV 20 - NOV 26 NOV 27 - DEC 03
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 22, 2022, WEEKLY REPORT NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS WEEKLY 66.8% 75.7% 73.6% 64.7% 61.2% 67.8% 72.7% 46.1% 52.1% 67.0% 62.8% 40.7% 38.0% 35.7% 32.6% 37.8% 30.6% 24.0% 28.8% 28.1% 0 100 DEC 04 NOV 27 NOV 20 45.6% NOV 06 OCT 30 OCT 16 OCT 23 NOV 13 DEC 11 OCT 09 OCT 02 52.4% SHORT-TERM RENTAL HOTEL $329.43$350.28 $332.53 $316.91 $310.59 $322.65
$525.53 $514.41 $480.00 $478.39 $458.54 $445.80
0 850 DEC 11 DEC 04 NOV 27
NOV 06 OCT 09 OCT 30 NOV 20 OCT 23 $434.56 NOV 13 OCT 02 OCT 16 SHORT-TERM RENTAL HOTEL WEEKLY OCCUPANCY RATE WEEKLY ADR WEEKLY REVPAR $221.46 $264.37 $243.08 $205.76 $190.00 $218.80 $227.04 $177.67
$240.32 $215.15 $184.05 $172.42 $149.72 $168.30 $142.42 $280.34 $104.05 $113.69 $126.07 0 500 OCT 30 OCT 23 OCT 16 DEC 11 NOV 27 DEC 04 OCT 02 NOV 06 NOV 20 NOV 13 OCT 09 SHORT-TERM RENTAL HOTEL
$312.05 $385.44 $318.84 $310.15 $322.29
$616.64 $393.54 $443.41
$466.89
$165.99 $207.86 $202.45
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 22, 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%
56.8% 66.6% 72.4% 71.3% 68.7% 78.1%
0 100 JAN SEP AUG OCT JUL
JUN NOV MAY FEB APR MAR SHORT-TERM RENTAL HOTEL $306.70 $320.66 $323.93 $330.92 $341.95 $379.47
$398.28 $424.18 $491.94 $514.49 $658.25 $741.97
$496.77
0 850 $535.42 JUL MAY NOV MAR APR JUN FEB AUG SEP OCT JAN $507.72 HOTEL SHORT-TERM RENTAL MONTHLY OCCUPANCY RATE MONTHLY ADR $114.90 $169.04 $206.54 $208.16 $205.89 $253.62 $326.26
$254.02
$200.34 $135.10 $169.61 $239.34 $248.29 $345.41 $404.39 $221.92 $185.43 $176.14 0 450 SEP APR MAY $309.56 JUL $229.67 AUG OCT MAR FEB JUN NOV JAN SHORT-TERM RENTAL HOTEL MONTHLY REVPAR
67.9% 70.1% 68.4% 61.0%
86.2% 74.5% 66.8% 34.8%
57.9%
$444.09 $414.84 $359.90 $333.91 $328.49
$672.14
$506.80
$281.59
$228.53
