JULY 29, 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 19-25, 2020)
ALL HOTELS (OPEN & CLOSED)
(JUNE 2020)
13.7%
34.8%
(JUNE 2020)
(JULY 19-25, 2020)
OPEN HOTELS (ONLY OPEN HOTELS)
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
(JULY 19-25, 2020)
(JUNE 2020 vs. JUNE 2019)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
-28.1%
31.4%
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE ALL HOTELS
-61.8%
(JULY 19-25) 2020 vs. 2019
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$320.99
RENAISSANCE HOTEL NEWPORT BEACH FASHION ISLAND HOTEL
(JUNE 2020)
NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE
-26.4%
(JUNE 2020 vs. JUNE 2019)
(JULY 19-25, 2020) CLOSED HOTELS:
NEWPORT BEACH REAL ESTATE
# OF HOTEL ROOMS OPEN FOR BOOKING:
2,582
NEWPORT BEACH REAL ESTATE MONTHLY AVERAGE LIST PRICE
$3.6 MILLION (JUNE 2020)
# OF HOTEL ROOMS CLOSED:
737
CALIFORNIA & LA RESTAURANTS (WEEK OF JULY 22-28, 2020)
ORANGE COUNTY/ JOHN WAYNE AIRPORT (JUNE 2020)
YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
-68.8%
-86.5%
(WEEK OF JULY 22-28) 2020 vs. 2019
ORANGE COUNTY/ JOHN WAYNE AIRPORT MONTHLY # OF PASSENGERS % CHANGE
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
(JUNE 2020 vs. JUNE 2019)
(WEEK OF JULY 22-28, 2020)
-80.2%
50%
28%
JULY 29, 2020 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
OCCUPANCY RATE (%)
(2020 vs. 2019)
95 85 75 65 55 45 35 25 15
77.1%
71.4%
76.9%
74.5%
84.0%
83.9%
65.6%
19.8%
16.6%
9-May
32.5%
24.5%
16-May 23-May 30-May
42.6%
37.4%
30.9%
6-Jun
13-Jun
39.8%
27-Jun
THIS YEAR
90.9%
33.9%
34.5%
34.8%
11-Jul
18-Jul
25-Jul
4TH OF JULY HOLIDAY WEEKEND
42.1%
20-Jun
88.2%
83.1%
77.1%
FATHER’S DAY
MEMORIAL DAY WEEKEND
MOTHER’S DAY
82.2%
4-Jul LAST YEAR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY WEEK DAILY OCCUPANCY RATE (%)
(WEEKS OF JUNE 28 – JULY 25, 2020)
70.0% 54.8% 51.9%
60.0% 50.0% 40.0%
52.9% 43.3%
36.7%
32.8% 37.9% 31.8% 30.7%
30.0%
55.1%
52.5%
45.7%
43.3%
31.2% 26.8% 31.2% 26.1% 26.3%
33.5% 28.9% 26.0% 29.3% 24.8%
30.7% 27.0% 32.1% 28.6% 27.6%
20.0% 4TH OF JULY HOLIDAY WEEKEND
10.0% 0.0%
JUNE 28-JULY 4, 2020
JULY 5-11, 2020 SUN
MON
JULY 12-18, 2020
TUE
WED
THU
FRI
JULY 19-25, 2020
SAT
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES
$500 $400 $300 $200 $100 $0
EW N
49% 35%
$286
R PO
T
H C A BE
$189
N TO G N TI N U H
… N SA
36%
39%
$111
$319
O G IE D
A N A D
T IN PO
34%
29% $116 IR
N VI
34%
$157
E LA
AVERAGE DAILY RATE ($) SOURCE:, JULY 29, 2020, STR.COM
22%
48%
LL JO
$216
$444
$128
RA A
LS IL H
S G IN
A TA N SA
R BA
B
B
ER EV
Y YL
LM PA
R SP
OCCUPANCY RATE (%)
26% $80 M EI H A N A
TA N SA
32%
$188 A IC N O M
OCCUPANCY RATE (%)
MONTHLY AVERAGE DAILY RATE ($)
(MONTHLY AVERAGE DAILY RATE & OCCUPANCY RATE FOR JUNE 2020) 60% 40% 20% 0%
JULY 29, 2020 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERORMANCE
NEWPORT BEACH HOTELS ROOMS AVAILABLE FOR BOOKING (SUPPLY)
% CHANGE ROOMS AVAILABLE
(PERCENT CHANGE 2020 vs. 2019)
0.0%
MAY 24-30
-20.0% -40.0%
MAY 31JUNE 6
-19.9%
JUNE 7-13 JUNE 14-20 JUNE 21-27
-19.9%
-19.9%
-19.9%
JUNE 28JULY 4
JULY 5-11 JULY 12-18 JULY 19-25
-14.1%
-9.7%
-9.7%
-9.7%
-32.2%
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE (WEEKS OF MAY 9 – JULY 25, 2020)
$355 $335 $315 $295 $275
MOTHER’S DAY
$261
$328
MEMORIAL DAY WEEKEND
$267
$280
$268
$274
$215
$287
$274 $276
$255 $235
$308
FATHER’S DAY
$276
$241 9-May
$243
$241
$252
16-May 23-May 30-May
$257
$254
6-Jun
13-Jun
20-Jun
$335
$268
27-Jun
THIS YEAR
$319 4TH OF JULY HOLIDAY WEEKEND
4-Jul
$318
$306
11-Jul
18-Jul
$321 $327
25-Jul
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE
AVERAGE DAILY RATE ($)
(JULY 5 – JULY 25, 2020)
$450 $385 $360 $318 $400 $373 $323 $325 $327 $294 $312 $310 $341 $304 $316 $307 $350 $335 $323 $321 $318 $309 $294 $305 $300 $250 $200 4 OF JULY $150 HOLIDAY $100 WEEKEND $50 $0 l l l l l l l l l l l l l l l l l l l l 2 Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju Jul -Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju 7 5 6 9 10 11 12 13 14 15 5 - 17 18 19 2 0 2 1 2 2 2 3 2 4 2 5 8 1 TH
SOURCE:, JULY 29, 2020, STR.COM
JULY 29, 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
0 -10 -20 -30 -40 -50 -60 -70 -80 -90 -100 CALIFORNIA RESTAURANTS
PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK
% OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK 56% 54% 49% 52% 50% 48% 44%
60% 50% 40%
32%
30% 19%
20% 10% 0%
9%
6% 0% 5/13
0% 5/20
31%29% 28% 27% 28% 23% 21%
MONTHLY AIRPORT PASSENGERS (% CHANGE 2020 vs. 2019) 11%
20%
N/A
0% -20%
-3%
6/3
CALIFORNIA
6/10
6/17
6/24
7/1
7/8
7/15
7/22
LOS ANGELES
SOURCE:, OPENTABLE AND SNA/JWA, LAX & LGB AIRPORTS
-4%
-40% -60% -80%
-63%
-100%
-80%
JOHN WAYNE AIRPORT FEB
-54%
-55%
-91% -97%
-120%
0% 5/27
LOS ANGELES RESTAURANTS
# OF MONTHLY PASSENGERS (YOY % CHANGE)
% CHANGE IN WEEKLY SEATED DINERS
1-May 4-May 7-May 10-May 13-May 16-May 19-May 22-May 25-May 28-May 31-May 3-Jun 6-Jun 9-Jun 12-Jun 15-Jun 18-Jun 21-Jun 24-Jun 27-Jun 30-Jun 3-Jul 6-Jul 9-Jul 12-Jul 15-Jul 18-Jul 21-Jul 24-Jul 27-Jul
(YEAR OVER YEAR PERCENT CHANGE 2020 vs. 2019)
MAR
-87% -92% -96% LAX
APR
MAY
-96% -98% LONG BEACH AIRPORT
JUNE
JULY 29, 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
YOY % CHANGE IN ACTIVE LISTINGS
0.0% -5.0%
-4.0% -5.6%
-10.0% -15.0% -20.0%
-18.0%
-25.0%
-20.8%
-30.0% -30.7%
-35.0%
-25.3% -26.9%
NEWPORT BEACH REAL ESTATE LISTINGS AVERAGE NUMBER OF DAYS TO SELL (YEAR OVER YEAR PERCENT CHANGE 2020 vs. 2019) JAN YOY % CHANGE IN AVERAGE # OF DAYS TO SELL
80.0%
FEB
MAR
APR
MAY
JUL
AUG
SEP
OCT
NOV
DEC
65.0%
60.0% 40.0%
JUN
38.5%
31.6%
14.7%
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 $3.7 $3.5 $3.5 $3.4 $3.0 $3.2 $3.5 $3.1 $3.1 $3.1 $2.8 $2.9
$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 29, JUNE 2020 29, WEEKLY
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
UNEMPLOYMENT METRICS
2020 ORANGE COUNTY UNEMPLOYMENT RATE BY MONTH PERCENTAGE RATE PERCENTAGE RATE (%)
(CALIFORNIA vs. ORANGE COUNTY)
20.0% 10.0%
16.4% 16.4%16.3% 14.5% 13.8% 13.8%
3.9%
3.9%
2.9% 2.9%
0.0% JAN JAN
3.9% 5.5% 3.7% 5.5% 3.9% 2.8% 2.8%
FEB FEB
MAR
CALIFORNIA
16.3% 14.9%
13.7%
3.7%
MAR
APR
APRMAY
JUN MAY
ORANGE COUNTY
2020 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE (CALIFORNIA vs. ORANGE COUNTY)
JANJAN YOY PERCENT CHANGE (%)
20.0% 20.0% 2.1% 2.1% 1.7%1.7% 0.0% 0.0%
FEB FEB
MARMAR
APR
APR MAY
MAY JUN
2.2% 1.5% 2.2% 1.5% -3.3% -3.3% -4.7%-4.7%
-20.0% -20.0% -40.0% -40.0%
-28.1% -44.1% -44.1% -29.9% -45.3% -45.3% -43.9% -47.1% -47.1%-43.9%
-60.0% -60.0% CALIFORNIA
ORANGE COUNTY
SOURCE: U.S. BUREAU OF LABOR STATISTICS
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