DECEMBER 2, 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 22-28, 2020)
OPEN HOTELS (ONLY OPEN HOTELS)
34.7%
(OCTOBER 2020)
7.5%
(NOVEMBER 22-28, 2020)
(OCTOBER 2020)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
ALL HOTELS (OPEN & CLOSED HOTELS)
27.1%
-24.6%
(NOVEMBER 22-28, 2020)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
-30.6%
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$305.24
(NOVEMBER 22-28, 2020)
# OF HOTEL ROOMS OPEN FOR BOOKING:
FASHION ISLAND HOTEL
NEWPORT BEACH REAL ESTATE (OCTOBER 2020)
(NOVEMBER 22-28) 2020 vs. 2019
CLOSED HOTELS: RENAISSANCE HOTEL NEWPORT BEACH
(OCTOBER 2020 vs. OCTOBER 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) (OCTOBER 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 NOV 25 – DEC 1, 2020) YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
-60.9%
-94.3%
(WEEK OF NOV 25 – DEC 1) 2020 vs. 2019
ORANGE COUNTY/ JOHN WAYNE AIRPORT MONTHLY # OF PASSENGERS YOY % CHANGE
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
(OCTOBER 2020 vs. OCTOBER 2019)
(WEEK OF NOV 25 – DEC 1, 2020)
-65.7%
59%
0%
DECEMBER 2, 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
78.3%
80
83.4%
84.8%
79.2%
77.3%
82.9%
80.4%
75.5%
THANKSGIVING WEEKEND
72.3%
69.8%
63.0%
70 60
47.3%
50
42.5%
42.3%
45.1%
42.9%
41.8%
50.0 %
45.0%
41.0%
40
34.5%
36.5%
7-NOV
14-NOV
33.7%
34.7 %
21-NOV
28-NOV
30 12-SEP
19-SEP
26-SEP
3-OCT
10-OCT
17-OCT
24-OCT
31-OCT
THIS YEAR
LAST YEAR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY WEEK (WEEKS OF NOVEMBER 1-28, 2020)
DAILY OCCUPANCY RATE (%)
80.0% 70.0% 60.0%
51.2% 47.1%
50.0% 40.0% 30.0%
27.1% 27.9% 34.1% 29.7% 25.0%
51.8% 45.8% 35.1% 34.2% 28.8% 31.7% 28.3%
46.5% 39.8% 30.2% 32.7% 27.4% 31.4% 28.1%
43.7% 38.7% 39.2%
30.5% 29.4% 32.8% 28.8%
20.0% 10.0% 0.0%
NOVEMBER 1-7, 2020
NOVEMBER 8-14, 2020 SUN
MON
TUE
NOVEMBER 15-21, 2020
WED
THU
FRI
NOVEMBER 22-28, 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: DECEMBER 2, 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%
DECEMBER 2, 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)
0.0% -5.0% -10.0% -15.0% -20.0% -25.0%
SEP 20-26
SEP 27OCT 3
-22.1%
-22.1%
OCT 4-10 OCT 11-17 OCT 18-24 OCT 25-31
-22.1%
-22.1%
-22.1%
NOV 1-7
-22.1%
-22.1%
NOV 8-14 NOV 15-21 NOV 22-28
-22.1%
-22.1%
-22.1%
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE (WEEKS OF SEPTEMBER 12 – NOVEMBER 28, 2020)
$340
THANKSGIVING WEEKEND
AVERAGE WEEKLY RATE ($)
$318
$320
$300
$300
$290
$301
$312
$305
$303
$288
$282
$305
$293
$283
$280 $260
$272 $258
$240
$254
$255
$255
$255 $241
$220
$244
$239
$240
$200 12-SEP
19-SEP
26-SEP
3-OCT
10-OCT
17-OCT
24-OCT
THIS YEAR
31-OCT
7-NOV
$229
$224
14-NOV
21-NOV
28-NOV
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (NOVEMBER 1-28, 2020)
$400 AVERAGE DAILY RATE ($)
$350
$337 $336 $295 $322 $306
$312 $285 $298 $309 $290 $282 $286 $290 $300 $277 $283 $250 $200
$337 $304 $307 $286 $284$300 $273 $266 $260
$351 $331 $306
$195
$150 $100 $50 $0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 /2 /2 /2 /2 /2 /2 /2 /2 /2 /2 /2 /2 /2 /2 /2 /2 /2 /2 /2 /2 /2 /2 /2 /2 /2 /2 /2 /2 /1 1/2 1/3 1/4 1/5 1/6 1/7 1/8 1/9 /10 /11 /12 /13 /14 /15 /16 /17 /18 /19 20 /21 22 23 24 25 26 /27 28 1 / / / / / / 1 1 1 1 1 1 1 1 1 11 11 11 11 11 11 11 11 11/ 11 11 11 11 11 11 11 11 11 11
SOURCE: DECEMBER 2, 2020, STR.COM
DECEMBER 2, 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
7-SEP 9-SEP 11-SEP 13-SEP 15-SEP 17-SEP 19-SEP 21-SEP 23-SEP 25-SEP 27-SEP 29-SEP 1-OCT 3-OCT 5-OCT 7-OCT 9-OCT 11-OCT 13-OCT 15-OCT 17-OCT 19-OCT 21-OCT 23-OCT 25-OCT 27-OCT 29-OCT 31-OCT 2-NOV 4-NOV 6-NOV 8-NOV 10-NOV 12-NOV 14-NOV 16-NOV 18-NOV 20-NOV 22-NOV 24-NOV 26-NOV 28-NOV 30-NOV
(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 80% 70% 60% 50% 40%
64% 62% 61% 60% 60%
67% 68% 67% 68% 69% 69%69% 67% 59%
47% 45% 47% 48% 46%48%48% 43% 44% 41%39% 42% 38%
30% 20%
# OF MONTHLY AIRPORT PASSENGERS (% CHANGE 2020 vs. 2019) 0% -20% -40% -55% -66% -68% -72% -75%
-60% -63% -80% -100%
-80% -91% -97%
10% 0%
LOS ANGELES RESTAURANTS
# OF MONTHLY PASSENGERS (YOY % CHANGE)
CALIFORNIA RESTAURANTS
8/26
0% 9/2 9/16 9/30 10/14 10/28 11/11 11/25 11/4 11/18 10/21 10/7 9/12 9/23 CALIFORNIA LOS ANGELES
SOURCE: OPENTABLE AND SNA/JWA, LAX & LGB AIRPORTS
-54%
-71% -75% -79% -81% -81% -82% -87% -87% -87% -92% -92% -96% -96% -98%
-120% JOHN WAYNE AIRPORT MAR
APR
MAY
LAX JUNE
JULY
LONG BEACH AIRPORT AUG
SEP
OCT
DECEMBER 2, 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
U.S. VISA CREDIT CARD SPENDING IN NEWPORT BEACH
(2020 vs. 2019)
(2020 vs. 2019)
$20,000,000 $18,000,000 $16,000,000 $13,809,783
(2ND QUARTER 2020 vs. 2019)
$350,000,000
$340,002,302
$300,000,000
$294,119,639
$325,722,868
$17,811,034
$14,000,000
$4.0 $3.5 $3.0 $2.5
$250,000,000
$2.0
$12,000,000
$200,000,000
$1.5
$10,000,000
$150,000,000
$8,000,000 $6,000,000 $4,000,000
INT’L VISA CREDIT CARD SPENDING IN NEWPORT BEACH BY CATEGORY
$2,768,760
$3,329,834
$1.0
$142,280,805
$0.5 $0.0
$100,000,000
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
$2,000,000
$0
$0
2ND QUARTER 2019
3RD QUARTER
2ND 3RD QUARTER QUARTER
2020
2019
20202
Q2 2019
Q2 2020
U.S. VISA CREDIT CARD SPENDING FROM EACH METRO AREA SPENT IN NEWPORT BEACH SPENDING IN MILLIONS USD ($)
(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
DECEMBER 2, 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%
-28.0%
-30.7%
-35.0%
-22.9%
-24.1% -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 80.0%
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
65.0%
60.0% 40.0%
38.5%
31.6%
11.8%
10.6%
20.0% 0.0%
-1.4%
-20.0%
-6.9%
-15.1%
-11.6% -23.9%
-40.0%
-27.5%
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
$2.8
$3.2 $3.2
$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
DECEMBER 2, 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% 13.5% 12.4% 11.2% 9.5%
15.0% 10.0% 5.0%
5.5% 3.9% 3.7% 2.8%
3.9% 2.9%
11.1% 9.0% 9.3% 7.5%
0.0%
JAN
FEB
MAR
APR
MAY
CALIFORNIA
JUN
JUL
AUG
SEP
OCT
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
OCT
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%
-24.6% -25.4%
-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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