NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD: JANUARY 13, 2021 by Visit Newport Beach

JANUARY 13, 2021 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

(JANUARY 3-9, 2021)

OPEN HOTELS (ONLY OPEN HOTELS)

20.9%

(NOVEMBER 2020)

6.4%

(JANUARY 3-9, 2021)

(NOVEMBER 2020)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

ALL HOTELS (OPEN & CLOSED HOTELS)

16.3%

-19.7%

(JANUARY 3-9, 2021)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

-64.0%

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$273.81

(JANUARY 3-9, 2021)

# OF HOTEL ROOMS OPEN FOR BOOKING:

FASHION ISLAND HOTEL

NEWPORT BEACH REAL ESTATE (DECEMBER 2020)

(JANUARY 3-9) 2021 vs. 2020

CLOSED HOTELS: RENAISSANCE HOTEL NEWPORT BEACH

(NOVEMBER 2020 vs. NOVEMBER 2019)

2,612

# OF HOTEL ROOMS CLOSED:

739

U.S. AUTOMOBILE SALES

(DECEMBER 2020 vs. 2019) # OF AUTOMOBILES SOLD YOY % CHANGE

100%

(DECEMBER 2020 vs. DECEMBER 2019)

JOHN WAYNE AIRPORT (SNA) (NOVEMBER 2020)

NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE

-20.0%

(DECEMBER 2020 vs. DECE,BER 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 JANUARY 7-13, 2021)

YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

-94.1%

-99.9%

(WEEK OF JANUARY 7-13) 2021 vs. 2020

ORANGE COUNTY/ JOHN WAYNE AIRPORT MONTHLY # OF PASSENGERS YOY % CHANGE

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

(NOVEMBER 2020 vs. NOVEMBER 2019)

(WEEK OF JANUARY 7-13, 2021)

-64%

JANUARY 13, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD

HOTEL PERFORMANCE

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)

(2020 vs. 2019)

82.9%

80.4%

85 75

78.5%

THANKSGIVING WEEKEND

72.3%

69.8%

66.2%

63.0%

61.6%

63.1%

23.4%

22.8%

19-DEC

26-DEC

45.0%

41.1%

58.0 %

57.1%

50.0% 36.5%

34.5%

33.7%

34.8%

26.3%

20.5%

30.72 20.9%

15 24-OCT

31-OCT

7-NOV

14-NOV

21-NOV

28-NOV

5-DEC

12-DEC

THIS YEAR

2-JAN

9-JAN

LAST YEAR

NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY WEEK (WEEKS OF DECEMBER 13, 2020 – JANUARY 9, 2021)

DAILY OCCUPANCY RATE (%)

80.0% 70.0% 60.0% 47.0% 37.4% 31.5%

50.0% 40.0% 30.0% 20.0%

29.1% 23.5% 25.7% 23.4% 21.2% 24.9% 27.1% 21.3% 23.0% 19.1% 20.6%

32.3% 22.9% 27.1% 20.8% 20.3% 19.6% 20.9%

32.0% 24.3% 17.5% 18.1% 18.6% 16.6% 19.0%

10.0% 0.0%

DECEMBER 13-19, 2020

DECEMBER 20-26, 2020 SUN

MON

TUE

DEC 27 - JAN 2, 2021

WED

THU

FRI

JANUARY 3-9, 2021

SAT

NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES 52%

$319

$105

33%

OCCUPANCY RATE (%)

$229 M O N IC A

$79

SA N TA

IN G S PA LM

YL Y EV ER B

SP R

H IL L

A RA B BA R

$156

A N A H EI M

$437 S

$262

$186

E VI N IR

PO IN T D A N A

D IE G O

43% 24%

AVERAGE DAILY RATE ($) SOURCE: JANUARY 13, 2021, STR.COM

25%

35%

SA N TA

$110

SA N

H U N TI N G TO N

BE A C H T PO R N EW

$161

31%

35%

…

$306

37%

JO LL

34%

40%

$500 $400 $300 $200 $100 $0

OCCUPANCY RATE (%)

MONTHLY AVERAGE DAILY RATE ($)

(MONTHLY AVERAGE DAILY RATE & OCCUPANCY RATE FOR NOVEMBER 2020)

60% 50% 40% 30% 20% 10% 0%

JANUARY 13, 2021 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%

DEC 6-12

DEC 13-19

DEC 20-26

DEC 27 - JAN 2

JAN 3-9

-22.1%

NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE (WEEKS OF OCTOBER 24, 2020 – JANUARY 9, 2021) THANKSGIVING WEEKEND

AVERAGE WEEKLY RATE ($)

$355 $335 $315

$326 $312

$305 $282

$295

$293

$302

$299

$283

$318

$310 $287

$274

$275 $255

$235 $215

$244

$239

$240

$229

$224

14-NOV

21-NOV

$195 24-OCT

31-OCT

7-NOV

28-NOV

$290

$278

$272

$227

$232

5-DEC

12-DEC

THIS YEAR

$241 $219 19-DEC

26-DEC

2-JAN

9-JAN

LAST YEAR

NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (DECEMBER 6, 2020 – JANUARY 9, 2021)

AVERAGE DAILY RATE ($)

$400

$350 $336 $333 $316 $318 $316 $316 $312 $310 $308 $303 $316 $305 $299 $294 $298 $305 $294 $299 $288 $299 $281 $294 $278 $310 $273 $279 $270 $262 $277 $283 $263 $256 $253

$350 $293 $300 $250 $200 $150 $100 $50

12 /6 12 /20 /7 12 /20 /8 12 /20 / 12 9/2 /1 0 0 12 /2 /1 0 12 1/2 /1 0 12 2/2 /1 0 12 3/2 /1 0 15 4/2 /1 0 12 5/2 /1 0 12 6/2 /1 0 12 7/2 /1 0 12 8/2 /1 0 12 9/2 /2 0 12 0/2 /2 0 12 1/2 /2 0 12 2/2 /2 0 12 3/2 /2 0 12 4/2 /2 0 12 5/2 /2 0 12 6/2 /2 0 12 7/2 /2 0 12 8/2 /2 0 12 9/2 /3 0 12 0/2 /3 0 1/ 2 1/ 0 1/ 1/ 21 2/ 1/ 21 3/ 1/ 21 4/ 1/ 21 5/ 1/ 21 6/ 1/ 21 7/ 1/ 21 8/ 1/ 21 9/ 21

SOURCE: JANUARY 13, 2021, STR.COM

JANUARY 13, 2021 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

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 2-DEC 4-DEC 6-DEC 8-DEC 11-DEC 13-DEC 15-DEC 17-DEC 19-DEC 21-DEC 23-DEC 25-DEC 27-DEC 29-DEC 31-DEC 2-JAN 4-JAN 6-JAN 8-JAN 10-JAN 12-JAN

(YEAR OVER YEAR PERCENT CHANGE 2020 vs. 2019)

-10 -20 -30 -40 -50 -60 -70 -80 -90 -100 CALIFORNIA RESTAURANTS

% OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK

LOS ANGELES RESTAURANTS

# OF MONTHLY AIRPORT PASSENGERS (% CHANGE 2020 vs. 2019) 0%

70% 69% 60%

48%

50%

67% 59% 48%

48%

40% 30%

24% 18% 17%

20%

12%

10%

0% NOV 11

NOV 18

NOV DEC DEC 25 2 9 CALI FORNI A

0% 0%

DEC DEC DEC 16 23 30 LOS ANGELES

JAN 6

9% 0%

# OF MONTHLY PASSENGERS (YOY % CHANGE)

PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK

80%

-20% -40%

-63% -80%

-54% -71% -70% -75% -81% -79% -81% -82% -87% -87% -87% -92% -92% -96% -96% -98%

-80% -91%

-100%

-97% -120% JOHN WAYNE AIRPORT

JAN 13

SOURCE: OPENTABLE AND SNA/JWA, LAX & LGB AIRPORTS

-55% -66% -64% -68% -72% -75%

-60%

MAR

APR

MAY

JUNE

LAX JULY

AUG

LONG BEACH AIRPORT SEP

OCT

NOV

JANUARY 13, 2021 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)

$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

$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

$4.0

$2,768,760

$1.0

$142,280,805

$0.5 $0.0

$100,000,000

$3,329, 834

$50,000,000

$2,000,000

L ES OD TA GI N H UR G EA A N D LT T EP H S C AR A A TM P RE FO EN P A O T S RE D L Q & TOR U G IC E R K ET RO S -S A CE ER IL R Y VI G A O U C TO OD E R M S ES TA OTI EL UR VE EC AN TR TS O N IC S

$14,000,000

INT’L VISA CREDIT CARD SPENDING IN NEWPORT BEACH BY CATEGORY

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 K OREA

$0.4

$0.0

AUSTRALIA

JANUARY 13, 2021 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

DEC

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%

-20.0%

-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

-27.5%

-29.3%

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%

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

$3.2

$3.1

$4.1

$3.7 $3.7

$2.8

$3.2 $3.2

$3.5

$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

JANUARY 13, 2021 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% 15.0% 10.0% 5.0%

5.5% 3.9% 3.9% 3.7% 2.8% 2.9%

16.4% 16.4% 14.7%14.9% 13.8% 13.6% 13.5% 12.4% 11.2% 11.1% 9.5% 9.0% 9.3% 8.2% 7.5% 6.4%

0.0%

JAN

FEB

MAR

APR

MAY

JUN

CALIFORNIA

JUL

AUG

SEP

OCT

NOV

ORANGE COUNTY

2020 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE (CALIFORNIA vs. ORANGE COUNTY)

YOY PERCENT CHANGE (%)

JAN 10.0% 1.7%2.1% 0.0%

FEB

MAR

APR

MAY

JUN

JULY

AUG

SEP

OCT

NOV

1.5%2.2%

-10.0%

-3.3%-4.7%

-20.0%

-19.7% -24.0% -24.0% -25.4% -28.5% -29.8%-30.5% -29.4% -31.6% -30.8% -30.7% -32.4%

-30.0% -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

1.6

1.4

1.5 1.3

1.3

1.4

1.3

1.4

1.5

1.5 1.5

1.2

0.6

0.0 JAN

FEB

MAR

APR

MAY

JUN 2020

JUL

AUG

SEP

OCT

2019

NOV

DEC