NOVEMBER 18, 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
(NOVEMBER 8-14, 2020)
OPEN HOTELS (ONLY OPEN HOTELS)
36.5%
(SEPTEMBER 2020)
9.0%
(NOVEMBER 8-14, 2020)
(SEPTEMBER 2020)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
ALL HOTELS (OPEN & CLOSED HOTELS)
28.5%
-29.3%
(NOVEMBER 8-14, 2020)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
-49.5%
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$311.64
(NOVEMBER 8-14, 2020) # OF HOTEL ROOMS OPEN FOR BOOKING:
FASHION ISLAND HOTEL
NEWPORT BEACH REAL ESTATE (OCTOBER 2020)
(NOVEMBER 8-14) 2020 vs. 2019
CLOSED HOTELS: RENAISSANCE HOTEL NEWPORT BEACH
(SEPTEMBER 2020 vs. SEPTEMBER 2019)
2,612
# OF HOTEL ROOMS CLOSED:
739
U.S. AUTOMOBILE SALES (OCTOBER 2020 vs. 2019)
# OF AUTOMOBILES SOLD YOY % CHANGE
-64%
(OCTOBER 2020 vs. OCTOBER 2019)
JOHN WAYNE AIRPORT (SNA) (SEPTEMBER 2020)
NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE
-28.0%
(OCTOBER 2020 vs. OCTOBER 2019)
U.S. VISA SPENDING IN NEWPORT BEACH (3RD QUARTER 2020 VS. 2019)
DOMESTIC U.S. CREDIT CARD SPENDING IN NEWPORT BEACH
-15.6%
(3RD QUARTER 2020 VS. 2019)
CALIFORNIA & LA RESTAURANTS (WEEK OF NOVEMBER 11-17, 2020) YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
-45.5%
-65.5%
(WEEK OF NOVEMBER 11-170) 2020 vs. 2019
ORANGE COUNTY/ JOHN WAYNE AIRPORT MONTHLY # OF PASSENGERS YOY % CHANGE
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
(SEPTEMBER 2020 vs. SEPTEMBER 2019)
(WEEK OF NOVEMBER 11-17, 2020)
-68%
69%
48%
NOVEMBER 18, 2020 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)
(2020 vs. 2019)
90 76.1%
80
84.8%
79.2%
77.6%
LABOR DAY WEEKEND
60
44.5%
42.5%
47.3%
42.5%
42.3%
72.3 %
69.8%
45.1%
42.9%
41.8%
82.9%
80.4%
75.5%
71.1%
70
50
83.4%
78.3%
45.0%
41.1%
40
34.5%
36.5 %
7-NOV
14-NOV
30 29-AUG
5-SEP
12-SEP
19-SEP
26-SEP
3-OCT
10-OCT
17-OCT
THIS YEAR
24-OCT
31-OCT
LAST YEAR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY WEEK (WEEKS OF OCTOBER 18 – NOVEMBER 14, 2020)
DAILY OCCUPANCY RATE (%)
80.0% 69.2%
70.0%
61.9%
60.0% 50.0% 40.0%
56.9%
52.5% 35.6%
32.4% 38.6% 31.8% 34.6%
30.0%
43.1% 41.8% 38.9% 33.0%
32.2%
51.2% 47.1%
51.8% 45.8% 31.7% 35.1% 28.8% 34.2% 28.3%
34.1% 27.1% 27.9% 29.7% 25.0%
20.0% 10.0% 0.0%
OCTOBER 18-24, 2020
OCTOBER 25-31, 2020 SUN
MON
TUE
NOVEMBER 1-7, 2020
WED
THU
FRI
NOVEMBER 8-14, 2020
SAT
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES
$500 $400 $300 $200 $100 $0
EW N
45%
$302
R PO
T
H C A BE
55%
$192 N TO G N I T N U H
49%
46%
$125
… N SA
O G IE D
$356
A N A D
T IN PO
IR
43%
48%
$113
$201
N VI
45%
44% 29%
E
AVERAGE DAILY RATE ($) SOURCE: NOVEMBER 18, 2020, STR.COM
30%
64%
LA
LL JO
$281
A TA N SA
R BA
B
RA A
B
ER EV
$453
Y YL
LS IL H
OCCUPANCY RATE (%)
LM PA
$161 R SP
S G IN
$85 M EI H A N A
TA N SA
$248 A IC N O M
OCCUPANCY RATE (%)
MONTHLY AVERAGE DAILY RATE ($)
(MONTHLY AVERAGE DAILY RATE & OCCUPANCY RATE FOR OCTOBER 2020)
80% 60% 40% 20% 0%
NOVEMBER 18, 2020 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS ROOMS AVAILABLE FOR BOOKING (ROOMS SUPPLY)
% CHANGE ROOMS AVAILABLE
(PERCENT CHANGE 2020 vs. 2019)
SEP 6-12 0.0% -5.0% -10.0% -15.0% -20.0% -25.0%
SEP 13-19 SEP 20-26
-22.1%
-22.1%
-22.1%
SEP 27OCT 3
-22.1%
OCT 4-10 OCT 11-17 OCT 18-24 OCT 25-31
-22.1%
-22.1%
-22.1%
-22.1%
NOV 1-7
NOV 8-14
-22.1%
-22.1%
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE (WEEKS OF AUGUST 29 – NOVEMBER 14, 2020)
$365 $325 $305 $285 $265 $245 $225
$332
AVERAGE WEEKLY RATE ($)
$345
$325
$318 $300
$290
$288
$254
$255
$301
$303
$312
$305
$293
$282
LABOR DAY WEEKEND
$280 $252
$258
$255 $241
$255
$244
$239
$240
$229
24-OCT
31-OCT
7-NOV
14-NOV
$205 29-AUG
5-SEP
12-SEP
19-SEP
26-SEP
3-OCT
10-OCT
THIS YEAR
17-OCT
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (OCTOBER 18 – NOVEMBER 14, 2020)
$400
$337 $336 $327 $312 $311 $294 $285 $322 $298 $305 $309 $305 $313 $292 $290 $290 $306 $289 $288 $286 $282 $290 $300 $295 $281 $279 $277 $283 $260 $250
AVERAGE DAILY RATE ($)
$350
$200 $150 $100 $50 $0 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 8/ 19/ 20/ 21/ 22/ 23/ 24/ 25/ 26/ 27/ 28/ 29/ 30/ 31/ /1/ /2/ /3/ /4/ /5/ /6/ /7/ /8/ /9/ 10/ 11/ 12/ 13/ 14/ 1 / / / / / / / / / / / / / / 11 11 11 11 11 11 11 11 11 11/ 11/ 11/ 11/ 11/ 10 10 10 10 10 10 10 10 10 10 10 10 10 10
SOURCE: NOVEMBER 18, 2020, STR.COM
NOVEMBER 18, 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 17-NOV
15-NOV
13-NOV
11-NOV
9-NOV
7-NOV
5-NOV
3-NOV
1-NOV
30-OCT
28-OCT
26-OCT
24-OCT
22-OCT
20-OCT
18-OCT
16-OCT
14-OCT
12-OCT
10-OCT
8-OCT
6-OCT
4-OCT
2-OCT
30-SEP
28-SEP
26-SEP
24-SEP
22-SEP
20-SEP
18-SEP
16-SEP
14-SEP
12-SEP
10-SEP
8-SEP
6-SEP
4-SEP
2-SEP
0
31-AUG
(YEAR OVER YEAR PERCENT CHANGE 2020 vs. 2019)
% CHANGE IN WEEKLY SEATED DINERS
-10 -20 -30 -40 -50 -60 -70 -80 -90 -100 CALIFORNIA RESTAURANTS
80% 70% 60% 50% 40%
(% CHANGE 2020 vs. 2019) 20%
67% 69% 64% 67% 69%69% 68% 68% 62% 61%60% 60% 54% 53% 47% 48% 4…47%46% 43% 44% 45% 41% 42% 38% 39%38% 34%
30% 20% 10% 0%
# OF MONTHLY AIRPORT PASSENGERS
# OF MONTHLY PASSENGERS (YOY % CHANGE)
PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK
% OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK
LOS ANGELES RESTAURANTS
0% -20%
SOURCE: OPENTABLE AND SNA/JWA, LAX & LGB AIRPORTS
-3%
-4%
-40% -60% -80%
-68% -72% -75%
-63%
-80% -91%
-100% -120%
10/14 9/2 9/16 9/30 8/19 10/28 11/11 11/4 8/12 8/26 10/7 10/21 9/12 9/23 CALIFORNIA LOS ANGELES
11%
-97% JOHN WAYNE AIRPORT
FEB
MAR
APR
-54%
-55% -75% -79% -82% -87% -92% -96% LAX
MAY
JUNE
-81% -87% -87%
-92% -96% -98%
LONG BEACH AIRPORT JULY
AUG
SEP
NOVEMBER 18, 2020 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD CREDIT CARD SPENDING IN NEWPORT BEACH INT’L VISA CREDIT CARD SPENDING IN NEWPORT BEACH
(2ND QUARTER 2020 vs. 2019) $16,000,000 $14,000,000
U.S. VISA CREDIT CARD SPENDING IN NEWPORT BEACH (2020 vs. 2019)
$350,000,000 $13,809,783
(2ND QUARTER 2020 vs. 2019)
$340,002,302 $325,722,868 $294,119,639
$300,000,000
$12,000,000
INT’L VISA CREDIT CARD SPENDING IN NEWPORT BEACH BY CATEGORY $4.0 $3.5 $3.0 $2.5
$250,000,000
$2.0 $10,000,000
$200,000,000
$8,000,000
$150,000,000
$1.5
$142,280,805
$6,000,000
$1.0 $0.5 $0.0
$100,000,000
$4,000,000
G TS RE EL ES RY DS VE TS CS I I IN G AN CA AR OR CE OO OT AN O N D R TH PP ST RO G M UR R O U L T L A T L I G TO A C TA A EN D & ETA AU E ST LE ES HE E R R R TM OO E R F C A I V EP D ER -S K IC U Q
$50,000,000
$2,768,760
$2,000,000
$0 2ND 3RD QUARTER QUARTER
$0
Q2 2019
Q2 2020
2020
2019
Q2 2019
Q2 2020
U.S. VISA CREDIT CARD SPENDING FROM EACH METRO AREA SPENT IN NEWPORT BEACH SPENDING IN MILLIONS USD ($)
(2ND & 3RD QUARTERS 2020 vs. 2019) $15.0 $10.0 $5.0 $0.0
$9.8
$11.9 $9.0
$3.3 SAN FRANCISCO
$9.5 $10.5 $9.2 $4.1
SAN DIEGO
$8.5 $7.6 $5.7 $2.2
$5.0 $5.9 $5.1 $2.2
$7.2 $4.3 $1.5 $2.9
PHOENIX
LAS VEGAS
NEW YORK CITY
Q2 2019
Q2 2020
$3.4 $3.6 $0.9 $2.0
$2.7 $3.1 $0.7 $1.8
$2.6 $2.7 $0.8 $2.2
SEATTLE
DENVER
SACRAMENTO
Q3 2019
Q3 2020
EXCLUDES LA, RIVERSIDE & ORANGE COUNITES
INT’L VISA CREDIT CARD SPENDING FROM EACH COUNTRY SPENT IN NEWPORT BEACH SPENDING IN MILLIONS USD ($)
(2ND QUARTER 2020 vs. 2019) $5.0
$4.4
$4.0 $3.0 $2.0
$1.7
$1.0 $0.0
$2.2
$0.3 CHINA
CANADA
$0.8
$0.1
U.K.
$0.7
$0.0
SAUDI ARABIA
Q2 2019 SOURCE: VISAVUE, VISA INTERNATIONAL
$0.5
$0.0
UNITED ARAB EMIRATES
Q2 2020
$0.5
$0.1
JAPAN
$0.4
$0.0
SOUTH KOREA
$0.4
$0.0
AUSTRALIA
NOVEMBER 18, 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
0.0% YOY % CHANGE IN ACTIVE LISTINGS
-5.0% -10.0%
-4.0%
-5.6%
-15.0% -20.0%
-18.0%
-25.0%
-20.8% -25.3%
-30.0%
-26.9%
-24.1% -28.0%
-30.7%
-35.0%
-33.8%
-40.0%
NEWPORT BEACH REAL ESTATE LISTINGS AVERAGE NUMBER OF DAYS TO SELL (YEAR-OVER-YEAR PERCENT CHANGE 2020 vs. 2019)
YOY % CHANGE IN AVERAGE # OF DAYS TO SELL
JAN 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% -10.0% -20.0% -30.0%
FEB
65.0%
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
38.5%
31.6%
11.8%
10.6% -1.4%
-6.9%
-15.1%
-11.6% -23.9%
NEWPORT BEACH REAL ESTATE AVERAGE LIST PRICE
(YEAR-OVER-YEAR AVERAGE LIST PRICE 2020 vs. 2019) $4.5 AVERAGE LIST PRICE (IN MILLIONS $)
$4.0 $3.5
$3.6 $3.4
$3.0
$3.5 $3.2
$3.0 $2.9
$3.1 $2.8
$3.5 $3.5
$3.6
$3.6
$3.6
$3.6
$3.2
$3.1
$3.1
$4.1
$3.7 $3.7
$3.2 $2.8
$2.5 $2.0 $1.5 $1.0 $0.5 $0.0
JAN
FEB
MARCH
APRIL
MAY
JUNE
2019 SOURCE: REAL ESTATE ADVERTISING SERVICE: MLS.COM
2020
JULY
AUG
SEPT
OCT
NOV
DEC
NOVEMBER 18, 2020 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
UNEMPLOYMENT & AUTOMOBILE METRICS
2020 ORANGE COUNTY UNEMPLOYMENT RATE BY MONTH PERCENTAGE RATE (%)
(CALIFORNIA vs. ORANGE COUNTY)
20.0%
16.4% 16.4% 14.7% 14.9% 13.8% 13.6%
15.0% 10.0% 5.0%
3.9% 2.9%
3.9%
5.5%
2.8%
13.5% 12.4% 11.2% 9.5%
11.0% 9.0%
3.7%
0.0%
JAN
FEB
MAR
APR
MAY
CALIFORNIA
JUN
JUL
AUG
SEP
ORANGE COUNTY
2020 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE (CALIFORNIA vs. ORANGE COUNTY)
YOY PERCENT CHANGE (%)
JAN 10.0%
FEB
1.7% 2.1%
MAR
APR
MAY
JUN
JULY
AUG
SEP
1.5% 2.2%
0.0% -10.0%
-3.3% -4.7%
-20.0% -30.0%
-28.5% -29.8% -30.5% -29.3% -31.6% -30.8% -30.7% -32.4%
-40.0% -50.0%
-46.4% -45.3% -47.1% -44.3% CALIFORNIA ORANGE COUNTY
SOURCE: U.S. BUREAU OF LABOR STATISTICS
U.S. AUTOMOBILE SALES BY MONTH # OF AUTOMOBILES SOLD (MILLIONS)
(2020 vs. 2019)
2.0 1.5
1.2 1.2
0.9
1.0
1.6
1.5
1.4 1.3
0.5
1.3
1.2
1.2
1.6
1.4
1.5 1.3
1.3
1.4
1.4
1.3
0.6
1.5
1.5
0.5
0.0 JAN
FEB
MAR
APR
MAY
JUN 2020
JUL
AUG
SEP
OCT
2019
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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