JANUARY 27, 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 17-23, 2021)
OPEN HOTELS (ONLY OPEN HOTELS)
23.7%
(NOVEMBER/DECEMBER 2020)
6.4%
(JANUARY 17-23, 2021)
(NOVEMBER 2020)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
ALL HOTELS (OPEN & CLOSED HOTELS)
18.5%
-26.3%
(JANUARY 17-23, 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
-68.0%
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$271.81
(JANUARY 17-23, 2021)
# OF HOTEL ROOMS OPEN FOR BOOKING:
FASHION ISLAND HOTEL
NEWPORT BEACH REAL ESTATE (DECEMBER 2020)
(JANUARY 17-23) 2021 vs. 2020
CLOSED HOTELS: RENAISSANCE HOTEL NEWPORT BEACH
(DECEMBER 2020 vs. DECEMBER 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) (DECEMBER 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 20-26, 2021) YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
-92.6%
-99.9%
(WEEK OF JANUARY 20-26) 2021 vs. 2020
ORANGE COUNTY/ JOHN WAYNE AIRPORT MONTHLY # OF PASSENGERS YOY % CHANGE
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
(DECEMBER 2020 vs. DECEMBER 2019)
(WEEK OF JANUARY 20-26, 2021)
-74%
11%
0%
JANUARY 27, 2021 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)
(2020 vs. 2019/2021 vs. 2020)
82.9%
85 75
78.5%
THANKSGIVING WEEKEND
72.3%
66.2%
63.0%
65
61.1%
63.1%
55 34.5%
35
36.5%
33.7%
34.8%
20.5%
23.4%
22.8%
12-DEC
19-DEC
26-DEC
26.3%
25
74.0 %
58.0%
57.1%
50.0%
45
81.2%
CHRISTMAS & NYE WEEK
30.7%
24.1%
23.7 %
16-JAN
23-JAN
20.9%
15 7-NOV
14-NOV
21-NOV
28-NOV
5-DEC
THIS YEAR
2-JAN
9-JAN
LAST YEAR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY WEEK (WEEKS OF DECEMBER 27, 2020 – JANUARY 23, 2021)
CHRISTMAS & NEW YEAR’S HOLIDAY WEEK
DAILY OCCUPANCY RATE (%)
80.0% 70.0% 60.0%
47.0%
46.4%
50.0% 40.0% 30.0%
25.7% 23.4% 27.1% 23.0%
37.4% 31.5%
20.0%
32.0% 19.0%18.6% 24.3% 18.1% 17.5% 16.6%
32.9%
32.9%
31.5% 26.2% 18.5% 19.3% 18.6% 18.7%
17.9% 17.6% 19.8% 16.5% 17.3%
10.0% 0.0%
DEC 27 - JAN 2, 2021
JANUARY 3-9, 2021 SUN
MON
TUE
JANUARY 10-16, 2021
WED
THU
FRI
JANUARY 17-23, 2021
SAT
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES
IN G S PA LM
YL Y EV ER
SP R
H IL L
A RA
OCCUPANCY RATE (%)
$77
$214 M O N IC A
$127
19%
SA N TA
$436
22%
A N A H EI M
28%
S
$204
B
JO LL
E VI N IR
PO IN T D A N A
D IE G O SA N
AVERAGE DAILY RATE ($) SOURCE: JANUARY 27, 2021, STR.COM
$153
B
$102
A
$260
LA
$100
…
$145
H U N TI N G TO N
BE A C H T PO R N EW
22%
19%
17%
29%
BA R
25%
$299
32%
27%
SA N TA
33%
$500 $400 $300 $200 $100 $0
OCCUPANCY RATE (%)
MONTHLY AVERAGE DAILY RATE ($)
(MONTHLY AVERAGE DAILY RATE & OCCUPANCY RATE FOR DECEMBER 2020)
40% 30% 20% 10% 0%
JANUARY 27, 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 2021 vs. 2020)
0.0% -5.0% -10.0% -15.0% -20.0% -25.0%
DEC 20-26
DEC 27 - JAN 2
JAN 3-9
JAN 10-16
JAN 17-23
-22.1%
-22.1%
-22.1%
-22.1%
-22.1%
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE
(WEEKS OF NOVEMBER 7, 2020 – JANUARY 23, 2021) THANKSGIVING WEEKEND
$335 $315 $295 $275 $255 $235 $215
AVERAGE WEEKLY RATE ($)
$355
$326
$312 $293
CHRISTMAS & NYE WEEK
$302
$299
$283
$310 $287 $278
$272 $240
$229
$224
14-NOV
21-NOV
$195 7-NOV
28-NOV
$227
$232
5-DEC
12-DEC
$318 $274
$272
$272
$241
$244
$243
9-JAN
16-JAN
23-JAN
$290
$219 19-DEC
THIS YEAR
26-DEC
2-JAN
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (DECEMBER 20, 2020 – JANUARY 23, 2021)
AVERAGE DAILY RATE ($)
$400
CHRISTMAS & NEW YEAR’S WEEK
$350 $336 $333 $350 $316 $318 $316 $312 $310 $277 $303 $305 $295 $278 $294 $298 $305 $294 $299 $288 $279 $300 $273 $276 $285 $270 $266 $259 $263 $273 $253 $264 $270 $265 $246 $267 $247 $250 $200 $150 $100 $50
12 /2 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 1/ /21 10 / 1/ 21 11 1/ /21 12 1/ /21 13 1/ /21 14 1/ /21 15 1/ /21 16 1/ /21 17 1/ /21 18 1/ /21 19 1/ /21 20 1/ /21 21 1/ /21 22 1/ /21 23 /2 1
$0
SOURCE: JANUARY 27, 2021, STR.COM
JANUARY 27, 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
0
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 14-JAN 16-JAN 18-JAN 20-JAN 22-JAN 24-JAN 26-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% 67% 60%
-20%
59% 48%
48%
50% 40% 30%
24%
20%
18%
17% 12%
10%
0%
0% NOV 18
NOV 25
0%
0%
0%
DEC DEC DEC 2 9 16 CALI FORNI A
8%
9%
0% 0%
0%
DEC DEC JAN 23 30 6 LOS ANGELES
JAN 13
0%
11%
# OF MONTHLY PASSENGERS (YOY % CHANGE)
PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK
80%
-40%
-60% -64% -66% -68%
-72%
-80%
-100%
-75% -80%
-70% -71% -74% -75%
-74%
-79%
-82% -87% -92%
-91%
-92%-87% -92% -96%
-96%
-97%
-81% -82% -85%
-81%
-98%
0% JAN 20
SOURCE: OPENTABLE AND SNA/JWA, LAX & LGB AIRPORTS
-120% JOHN WAYNE AIRPORT APR
MAY
JU NE
JU LY
LAX AUG
SEP
LONG BEAC H AIRPORT OC T
NOV
DEC
JANUARY 27, 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)
(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
R
$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
$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 K OREA
$0.4
$0.0
AUSTRALIA
JANUARY 27, 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
$3.6
$3.6
$3.6
$3.2
$3.1
$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 27, 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% 9.0% 9.3% 8.2% 7.5% 6.4%
0.0%
JAN
FEB
MAR
APR
MAY
JUN
CALIFORNIA
JUL
AUG
SEP
OCT
NOV
DEC
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
DEC
1.5%2.2%
-10.0%
-3.3%-4.7%
-20.0%
-19.7% -24.0% -24.0% -25.4% -26.3% -29.8%-30.5% -30.8% -28.5% -29.8% -29.4% -31.6% -30.7% -32.4% -45.3% -46.4% -47.1% -44.3% CALIFORNIA ORANGE COUNTY
-30.0% -40.0% -50.0%
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
1.3
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
NEWPORT BEACH & COMPANY 1600 NEWPORT CENTER DRIVE, SUITE 120 NEWPORT BEACH, CA 92660 INFO@VISITNEWPORTBEACH.COM 800-94-COAST © 2021. NEWPORT BEACH & COMPANY
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