JULY 20, 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
(JULY 5-11, 2020)
OPEN HOTELS ONLY (ONLY OPEN HOTELS)
30.6%
ALL HOTELS (OPEN & CLOSED)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE
-58.1%
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE (MAY 2020 vs. MAY 2019)
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$334.85
NEWPORT BEACH REAL ESTATE (JUNE 2020)
(JULY 5-11, 2020)
NEWPORT BEACH HOTELS WEEKLY # OF ROOMS AVAILABLE FOR SALE % CHANGE
-9.7%
NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE
-26.4%
(JUNE 2020 vs. JUNE 2019)
(JULY 5-11) 2020 vs. 2019
NEWPORT BEACH REAL ESTATE MONTHLY AVERAGE LIST PRICE
# OF HOTEL ROOMS OPEN FOR BOOKING:
FASHION ISLAND HOTEL
(MAY 2020)
-44.1%
(JULY 5-11) 2020 vs. 2019
RENAISSANCE HOTEL NEWPORT BEACH
14.5%
34.0%
(JULY 5-11, 2020)
CLOSED HOTELS:
(MAY 2020)
$3.6 MILLION (JUNE 2020)
2,582
# OF HOTEL ROOMS CLOSED:
737
ORANGE COUNTY/ JOHN WAYNE AIRPORT (MAY 2020)
CALIFORNIA & LA RESTAURANTS (WEEK OF JULY 9-15, 2020)
YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
-72.0%
-88.5%
(WEEK OF JULY 9-15) 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 JULY 9-15, 2020)
-91%
49%
27%
JULY 20, 2020 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE (2020 vs. 2019)
90 OCCUPANCY RATE %
80 70
60 50
MOTHER’S DAY
40
FATHER’S DAY
MEMORIAL DAY WEEKEND
4TH OF JULY HOLIDAY WEEKEND
30 20 10 25-Apr
2-May
9-May
16-May 23-May 30-May
6-Jun
13-Jun
This Year
20-Jun
27-Jun
4-Jul
11-Jul
Last Year
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY WEEK DAILY OCCUPANCY RATE (%)
(WEEKS OF JUNE 7 – JULY 11, 2020)
40.0%
56.1%
54.9%
60.0% 50.0%
67.3%
64.9%
70.0%
35.3% 34.9% 39.7% 33.5% 36.2%
54.8% 51.9%
36.8% 36.3% 32.4% 31.6% 34.3%
20.0%
31.2%
31.2% 26.8% 26.1% 26.3%
4TH OF JULY HOLIDAY WEEKEND
FATHER’S DAY
10.0%
43.3%
36.7% 32.8% 37.9% 31.8% 30.7%
30.0%
52.9%
0.0% JUNE 14-20, 2020
JUNE 21-27, 2020 SUN
MON
TUE
JUNE 28-JULY 4, 2020
WED
THU
FRI
JULY 5-11, 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 TI N U H
-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 15, 2020, STR.COM
-5.6%
-25.7% -34.8% -40.2% -40.0% -44.8%
LA
L JO
-59.2%
LA
TA N SA
-46.6% -55.1% -49.3%
R BA
B
RA A
B
ER EV
-82.1% S Y YL
OCCUPANCY
L IL H
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 20, 2020 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERORMANCE
NEWPORT BEACH HOTELS HOTEL ROOMS AVAILABLE FOR BOOKING (SUPPLY)
% CHANGE ROOMS AVAILABLE
(PERCENT CHANGE 2020 vs. 2019)
0.0%
MAY 24-30 MAY 31-JUNE 6
-20.0%
-19.9%
-40.0%
JUNE 7-13
JUNE 14-20
JUNE 21-27
-19.9%
-19.9%
-19.9%
JUNE 28 JULY 4
-14.1%
JULY 5-11
-9.7%
-32.2%
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE AVERAGE WEEKLY RATE ($)
(WEEKS OF APRIL 11 – JUNE 27, 2020)
90
$79.11
80
$71.39
$71.40
$77.09
60
30 20
$13.62
$14.70
$16.66
25-Apr
2-May
9-May
$19.84
$32.54
$30.90
30-May
6-Jun
$24.56
$84.04
$82.19
$37.43
$42.60
$77.09
$83.11
4TH OF JULY HOLIDAY WEEKEND
FATHER’S DAY
MEMORIAL DAY WEEKEND
MOTHER’S DAY
40
$83.95
$65.58
70 50
$76.91
$74.57
$42.11
$39.80
$33.99
10 16-May
23-May
This Year
13-Jun
20-Jun
27-Jun
4-Jul
11-Jul
Last Year
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE
AVERAGE DAILY RATE ($)
(JUNE 21 – JULY 11, 2020)
$450 $385 $318 $400 $356 $373$335 $310 $326$354 $323 $282 $350 $297 $327 $321 $305 $294$309$307$281 $295 $270 $286 $300 $250 $200 4 OF JULY FATHER’S HOLIDAY $150 DAY WEEKEND $100 $50 $0 l ul ul ul ul ul ul ul ul ul n n n n n n n n ul n n J J J J J J J Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju 1-J -Ju -J -J 2 5 - 6 - 7 - 8- 9 - 1 0 - 1 1 3 4 2 1 2 2 2 3 2 4 2 5 2 6 2 7 2 8 2 9 30
SOURCE:, JULY 15, 2020, STR.COM
TH
JULY 20, 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
11-Jul
6-Jul
1-Jul
26-Jun
21-Jun
16-Jun
11-Jun
6-Jun
1-Jun
27-May
22-May
17-May
12-May
7-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
2-May
27-Apr
22-Apr
17-Apr
12-Apr
7-Apr
2-Apr
28-Mar
23-Mar
18-Mar
13-Mar
8-Mar
3-Mar
27-Feb
(YEAR OVER YEAR PERCENT CHANGE 2020 vs. 2019)
56% 54% 52% 49% 48% 44%
60% 50% 40%
32%
30%
31%29% 28% 27% 23% 21%
19%
20%
6% 10% 0% 0% 0% 0% 5/13 5/27 5/20
9%
LOS ANGELES RESTAURANTS
MONTHLY AIRPORT PASSENGERS (% CHANGE 2020 vs. 2019)
0% -20%
CALIFORNIA
6/17
6/24
7/1
7/8
LOS ANGELES
SOURCE:, OPENTABLE AND JWA, LAX & LGB AIRPORTS
7/15
-4%
-60% -80% -100%
6/10
-3%
-40%
-120% 6/3
11%
20%
-91% -97% JWA FEB
-54%
-55%
-63%
-92% -96% LAX
MAR
APR
-96% -98% LGB
MAY
JULY 20, 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%
-26.4% -29.2% -30.7%
-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%
38.4%
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 $3.6 $3.6 $3.5 $3.5 $3.4 $3.0 $3.2 $3.5 $3.1 $3.1 $2.8 $2.9
$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
2020 REPORT JULY 20, JUNE 2020 29, WEEKLY
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
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