JULY 8, 2020 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
EXECUTIVE SUMMARY
NEWPORT BEACH HOTELS
ORANGE COUNTY UNEMPLOYMENT
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE
(JUNE 21-27, 2020)
OPEN HOTELS ONLY (ONLY OPEN HOTELS)
42.1%
ALL HOTELS (OPEN & CLOSED)
(JUN 21-27, 2020)
-48.8%
$286.73
(JUN 21-27, 2020)
NEWPORT BEACH HOTELS WEEKLY # OF ROOMS AVAILABLE FOR SALE % CHANGE
-19.9%
NEWPORT BEACH REAL ESTATE (MAY 2020)
NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE
-29.2%
(MAY 2020 vs. MAY 2019)
(JUN 21-27) 2020 vs. 2019
HYATT REGENCY JOHN WAYNE AIRPORT
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE (MAY 2020 vs. MAY 2019)
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
FASHION ISLAND HOTEL
(MAY 2020)
-44.1%
(JUN 21-27) 2020 vs. 2019
CLOSED HOTELS:
14.5%
33.7%
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE
RENAISSANCE HOTEL NEWPORT BEACH
(MAY 2020)
NEWPORT BEACH REAL ESTATE MONTHLY AVERAGE LIST PRICE
HOTEL ROOMS AVAILABLE:
$3.5 MILLION (MAY 2020)
2,239
HOTEL ROOMS CLOSED:
1,082
ORANGE COUNTY/ JOHN WAYNE AIRPORT (MAY 2020)
CALIFORNIA & LA RESTAURANTS
(WEEK OF JUNE 24-30, 2020) YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
-72%
-89%
(WEEK OF JUNE 24-30) 2020 vs. 2019
ORANGE COUNTY/ JOHN WAYNE AIRPORT MONTHLY # OF PASSENGERS % CHANGE
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
(MAY 2020 vs. MAY 2019)
(WEEK OF JUNE 24-30, 2020)
-91%
54%
29%
JULY 8, 2020 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE (2020 vs. 2019)
OCCUPANCY RATE (%)
85 75 65 55 45 35 25 15 5
78.27
79.11
74.28
71.39
9.43
10.47
13.62
14.70
11-Apr
18-Apr
25-Apr
2-May
77.09
71.40
16.66
9-May
65.58 32.54
24.56
19.84
83.95
76.91
74.57
16-May 23-May 30-May This Year
37.43
30.90
6-Jun
13-Jun
84.04
82.2
42.60
42.1
20-Jun
27-Jun
Last Year
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY WEEK DAILY OCCUPANCY RATE (%)
(WEEKS OF MAY 31 – JUNE 27, 2020)
80.0% 60.0% 40.0%
40.7%
34.9% 39.5% 35.3% 33.5% 35.2%
28.8% 32.4% 26.9% 26.0% 29.9%
28.2% 23.2% 25.8% 22.8% 24.1%
56.1%
54.9%
53.7%
51.1%
67.3%
64.9%
64.3%
36.3% 32.4%36.8% 31.6% 34.3%
20.0% MEMORIAL DAY WEEKEND
FATHER’S DAY WEEKEND
0.0% MAY 31 - JUNE 6, 2020
JUNE 7-13, 2020
SUN
MON
TUE
JUNE 14-20, 2020
WED
THU
FRI
JUN 21-27, 2020
SAT
NEWPORT BEACH HOTELS MONTHLY COMPETITIVE RATE & OCCUPANCY YOY % CHANGE MONTHLY RATE & OCCUPANCY
(PERCENT CHANGE MAY 2020 vs. MAY 2019)
13.4%
20.0% 0.0% -20.0% -40.0% -60.0% -80.0% -100.0%
EW N
-24.1% -41.6% -69.6% R PO
T
H C A BE
N TO G N I T N U H
-25.7% -34.8% -40.2% -40.0% -44.8% -58.0%
… N SA
O G IE D
-39.2%
A N A D
T IN PO
-72.0% -72.9% IR
N VI
E
AVERAGE DAILY RATE SOURCE:, JULY 7, 2020, STR.COM
LA
A LL JO
TA N SA
-59.2% R BA
B
RA A
B
ER EV
-5.6% -46.6% -55.1% -49.3%
-82.1% S Y YL
L IL H
OCCUPANCY
LM PA
-58.0% R SP
S G IN
-72.1% M EI H A N A
TA N SA
-78.6% '
A IC N O M
JULY 8, 2020 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERORMANCE
NEWPORT BEACH HOTELS HOTEL ROOMS AVAILABLE FOR SALE (SUPPLY) (PERCENT CHANGE 2020 vs. 2019)
% CHANGE ROOMS AVAILABLE
MAY 24-30
MAY 31-JUNE 6
JUNE 7-13
JUNE 14-20
JUNE 21-27
-19.9%
-19.9%
-19.9%
-19.9%
0.0% -20.0% -40.0%
-32.2%
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE (WEEKS OF APRIL 11 – JUNE 27, 2020)
AVERAGE WEEKLY RATE ($)
310
290 270
250
230 210 11-Apr
18-Apr
25-Apr
2-May
9-May
16-May 23-May 30-May This Year
6-Jun
13-Jun
20-Jun
27-Jun
Last Year
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (MAY 31 – JUNE 27, 2020)
AVERAGE DAILY RATE ($)
$350 $300 $250
$310 $293 $273 $309 $286 $287 $274 $301 $279 $289 $306 $294 $307 $282 $281 $243 $290 $282 $286 $285 $269 $260 $270 $270 $250 $259 $236
$304
$200 $150 $100 $50
SOURCE:, JULY 7, 2020, STR.COM
27-Jun
26-Jun
25-Jun
24-Jun
23-Jun
22-Jun
21-Jun
20-Jun
19-Jun
18-Jun
17-Jun
16-Jun
15-Jun
14-Jun
13-Jun
12-Jun
11-Jun
10-Jun
9-Jun
8-Jun
7-Jun
6-Jun
5-Jun
4-Jun
3-Jun
2-Jun
1-Jun
31-May
$0
JULY 8, 2020 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
RESTAURANT & AIRPORT METRICS CALIFORNIA & LA DAILY SEATED DINERS FROM ONLINE, PHONE OR WALK-IN
% CHANGE IN WEEKLY SEATED DINERS
7-Jul
2-Jul
27-Jun
3-Jul8
28-Jun3
23-Jun
18-Jun
13-Jun
8-Jun
3-Jun
29-May
24-M ay
19-May
14-May
9-May
20 0 -20 -40 -60 -80 -100 CALIFORNIA RESTAURANTS
% OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK PERCENT OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK
4-May
29-Apr
24-Apr
19-Apr
14-Apr
9-Apr
4-Apr
30-Mar
25-Mar
20-Mar
15-Mar
10-Mar
5-Mar
29-Feb
(YEAR OVER YEAR PERCENT CHANGE 2020 vs. 2019)
60%
52%
50%
20%
32% 19%
(% CHANGE 2020 vs. 2019)
28%
11%
20% -20%
31% 29%
21%
9% 6% 10% 0% 0% 0% 0% 5/13 5/20 5/27 6/3 6/10 6/17 CALIFORNIA
MONTHLY AIRPORT PASSENGERS
0%
44%
40% 30%
56% 54%
LOS ANGELES RESTAURANTS
-60% -100% -120%
LOS ANGELES
SOURCE:, OPENTABLE AND JWA, LAX & LGB AIRPORTS
-4%
-40% -80%
6/24 7/1
-3%
-91% -97% JWA FEB
-54%
-55%
-63%
-92% -96% LAX
MAR
APR
-96% -98% LGB
MAY
JULY 8, 2020 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
REAL ESTATE METRICS
NEWPORT BEACH TOTAL NUMBER OF ACTIVE REAL ESTATE LISTINGS (YEAR OVER YEAR PERCENT CHANGE 2020 vs. 2019)
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DE C
% CHANGE IN ACTIVE LISTINGS
0.0% -5.0% -10.0% -15.0%
-4.0% -5.6%
-20.0%
-18.0%
-25.0% -30.0%
-30.7%-29.2%
-35.0%
NEWPORT BEACH REAL ESTATE LISTINGS AVERAGE NUMBER OF DAYS TO SELL (YEAR OVER YEAR PERCENT CHANGE 2020 vs. 2019)
% CHANGE IN AVERAGE # OF DAYS TO SELL
JAN
FEB
80.0%
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
65.0%
60.0% 40.0%
31.6% 10.6%
20.0% 0.0% -20.0%
-1.4%
-15.1%
NEWPORT BEACH REAL ESTATE AVERAGE LIST PRICE
(YEAR OVER YEAR AVERAGE LIST PRICE 2020 vs. 2019)
AVERAGE LIST PRICE (IN MILLIONS)
$5.0 $4.0 $3.0
$3.6 $3.5 $3.5 $3.4 $3.0 $3.2 $3.5 $3.1 $3.1 $2.8 $2.9
$3.6
$3.7
$4.1 $3.2
$2.8
$3.2
$2.0 $1.0 $0.0 Jan
Feb
March April
May 2019
SOURCE: REAL ESTATE ADVERTISING SERVICE: MLS.COM
June
July
2020
Aug
Sept
Oct
Nov
Dec
JUNE WEEKLY 29, 2020 REPORT JULY 8, 2020
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
UNEMPLOYMENT METRICS
2020 ORANGE COUNTY UNEMPLOYMENT RATE BY MONTH PERCENTAGE RATE
(CALIFORNIA vs. ORANGE COUNTY)
20.0% 10.0%
16.4% 3.9%
3.9% 2.9%
2.8%
0.0% JAN
FEB CALIFORNIA
5.5%
13.8%
16.3%
14.5%
3.7%
MAR
APR
MAY
ORANGE COUNTY
2020 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE (CALIFORNIA vs. ORANGE COUNTY)
20.0% 0.0%
JAN
FEB
1.7% 2.1%
1.5% 2.2%
MAR
APR
MAY
-3.3% -4.7%
-20.0%
-40.0% -47.1% -45.3%
-60.0% CALIFORNIA
ORANGE COUNTY
SOURCE: U.S. BUREAU OF LABOR STATISTICS
NEWPORT BEACH & COMPANY 1600 NEWPORT CENTER DRIVE, SUITE 120 NEWPORT BEACH, CA 92660 INFO@VISITNEWPORTBEACH.COM 800-94-COAST © 2020. NEWPORT BEACH & COMPANY
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