AUGUST 5, 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 26-AUG 1, 2020)
ALL HOTELS (OPEN & CLOSED)
(JUNE 2020)
13.7%
42.0%
(JUNE 2020)
(JULY 26-AUGUST 1, 2020)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS)
37.9%
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
-28.1%
(JULY 26-AUGUST 1, 2020)
(JUNE 2020 vs. JUNE 2019)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE ALL HOTELS
NEWPORT BEACH REAL ESTATE
-52.7%
(JUNE 2020)
(JULY 26-AUGUST 1) 2020 vs. 2019
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$288.76
(JULY 26-AUGUST 1, 2020) CLOSED HOTELS: RENAISSANCE HOTEL NEWPORT BEACH FASHION ISLAND HOTEL
# OF HOTEL ROOMS OPEN FOR BOOKING:
2,582
# OF HOTEL ROOMS CLOSED:
NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE
-26.4%
(JUNE 2020 vs. JUNE 2019)
NEWPORT BEACH REAL ESTATE MONTHLY AVERAGE LIST PRICE
$3.6 MILLION (JUNE 2020)
737
HOTEL NOTES:
NEWPORT DUNES WATERFRONT RESORT AND SOME SMALL INNS & B&Bs, ARE NOT INCLUDED IN STR’S WEEKLY HOTEL REPORTS—ONLY MONTHLY REPORTS. NEWPORT BEACH & COMPANY IS WORKING ON SOLUTIONS TO ADD UNREPORTED HOTELS TO PROVIDE EVEN MORE PRECISE METRICS.
JOHN WAYNE AIRPORT (SNA) (JUNE 2020)
CALIFORNIA & LA RESTAURANTS
(WEEK OF JULY 29-AUGUST 4, 2020) YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
-65.1%
-84.5%
(WEEK OF JULY 29-AUGUST 4) 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 29-AUGUST 4, 2020)
-80.2%
52%
30%
AUGUST 5, 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
77.1%
76.9%
74.6%
35
MEMORIAL DAY WEEKEND
24.6%
19.8%
84.0%
65.6%
75 55
83.9%
82.2%
88.2%
90.9%
34.5%
34.7%
11-Jul 18-Jul LAST YEAR
25-Jul
83.1%
77.1%
88.8%
FATHER’S DAY
32.5%
30.9%
42.6%
37.4%
42.1%
39.8%
33.9%
42.0%
4TH OF JULY WEEKEND
15 16-May 23-May 30-May
6-Jun
13-Jun
20-Jun
27-Jun 4-Jul THIS YEAR
1-Aug
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY WEEK DAILY OCCUPANCY RATE (%)
(WEEKS OF JULY 5 – AUGUST 1, 2020)
70.0%
70.0% 52.9%
60.0% 50.0%
43.3%
30.7% 27.0% 32.1% 28.6% 27.6%
26.8% 31.2% 26.1% 26.3%
30.0%
45.7%
43.3%
31.2%
40.0%
56.5%
55.1%
52.5%
32.1% 38.9% 31.3% 30.9% 34.1%
26.0% 33.5% 28.9% 29.3% 24.8%
20.0% 10.0%
4TH OF JULY HOLIDAY WEEKEND
0.0%
JULY 5-11, 2020
JULY 12-18, 2020 SUN
MON
TUE
JULY 19-25, 2020 WED
THU
FRI
JULY 26-AUG 1, 2020
SAT
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES 49%
$500 $400 $300 $200 $100 $0
EW N
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:, AUGUST 5, 2020, STR.COM
22%
48%
LL JO
$216
A TA N SA
R BA
B
RA A
B
ER EV
$444
Y YL
LS IL H LM PA
$128 R SP
S G IN
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% 50% 40% 30% 20% 10% 0%
AUGUST 5, 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)
MAY 24-30
MAY 31JUNE 6
JUNE 7-13
JUNE 14JUNE 2820 JUNE 21-27 JULY 4
JULY 5-11 JULY 12-18 JULY 19-25
JULY 26AUG 1
0.0% -10.0% -20.0% -30.0% -40.0%
-19.9%
-19.9%
-19.9%
-19.9%
-14.1%
-9.7%
-9.7%
-9.7%
-9.7%
-32.2%
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE (WEEKS OF MAY 16 – AUGUST 1, 2020)
AVERAGE DAILY RATE ($)
$355
$328
MEMORIAL DAY WEEKEND
$335 $315
$295
$267
$275
$280
FATHER’S DAY
$268
$276
$274
$274 $276
$255
$235
$243
$241
16-May
23-May
$215
$252
$257
$254
30-May
6-Jun
13-Jun
20-Jun
$335 $308
$287
$268
27-Jun
THIS YEAR
$319 4TH OF JULY HOLIDAY WEEKEND
4-Jul
$323
$327
$327 $306
11-Jul
$318 $289
18-Jul
25-Jul
1-Aug
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (JULY 5 – AUGUST 1, 2020)
$450 $385 $360 $320 $373 $323 $328 $327 $295 $312 $343 $335 $310 $304 $350 $318 $303 $307 $325 $321 $318 $286 $291$293$288$289 $309 $305 $294 $281 $300
AVERAGE DAILY RATE ($)
$400
$250 $200 $150 $100
4TH OF JULY HOLIDAY WEEKEND
$50 $0
l l l l l l l l l l l l l l l l l l l l l l l l l l Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju Jul2 -Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju -Ju Aug 7 5 6 8 9 10 11 12 13 14 15 5- 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 11
SOURCE:, AUGUST 5, 2020, STR.COM
AUGUST 5, 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 4-Aug
1-Aug
29-Jul
26-Jul
23-Jul
20-Jul
17-Jul
14-Jul
11-Jul
8-Jul
5-Jul
2-Jul
29-Jun
26-Jun
23-Jun
20-Jun
17-Jun
14-Jun
11-Jun
8-Jun
5-Jun
2-Jun
30-May
27-May
24-May
21-May
0
18-May
(YEAR OVER YEAR PERCENT CHANGE 2020 vs. 2019)
% CHANGE IN WEEKLY SEATED DINERS
-10 -20 -30 -40 -50 -60 -70 -80 -90 -100
PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK
% OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK 56%54% 49% 52% 52% 48% 50% 44%
60% 50% 40%
32%
31%29% 30% 28% 27% 28% 23% 21%
30% 19%
20% 10% 0%
9%
6% 0% 5/13
0%
MONTHLY AIRPORT PASSENGERS (% CHANGE 2020 vs. 2019) 11%
20%
N/A
0% -20%
-3%
6/24 7/8 5/27 6/10 7/22 6/17 5/20 6/3 7/1 7/15 7/29
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%
CALIFORNIA
LOS ANGELES RESTAURANTS
# OF MONTHLY PASSENGERS (YOY % CHANGE)
CALIFORNIA RESTAURANTS
MAR
-87% -92% -96% LAX
APR
MAY
-96% -98% LONG BEACH AIRPORT
JUNE
AUGUST 5, 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
AUGUST 5, 2020 WEEKLY REPORT
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%
3.9%
2.9%
3.9% 2.8%
5.5% 3.7%
FEB
MAR
16.4% 13.8%
16.3% 14.5%
14.9%13.7%
APR
MAY
JUN
0.0% JAN
CALIFORNIA
ORANGE COUNTY
2020 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE
YOY PERCENT CHANGE (%)
(CALIFORNIA vs. ORANGE COUNTY)
20.0% 0.0%
JAN
FEB
1.7% 2.1%
1.5% 2.2%
MAR
APR
MAY
JUN
-3.3%-4.7%
-20.0%
-40.0% -60.0% CALIFORNIA
-44.1% -45.3% -43.9% -47.1% 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
-28.1% -29.9%