NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD: FEBRUARY 3, 2021 by Visit Newport Beach

FEBRUARY 3, 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 24-30, 2021)

OPEN HOTELS (ONLY OPEN HOTELS)

21.3%

(DECEMBER 2020)

7.4%

(JANUARY 24-30, 2021)

(DECEMBER 2020)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

ALL HOTELS (OPEN & CLOSED HOTELS)

16.6%

-26.3%

(JANUARY 24-30, 2021)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

-71.4%

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$263.36

(JANUARY 24-30, 2021)

# OF HOTEL ROOMS OPEN FOR BOOKING:

FASHION ISLAND HOTEL

NEWPORT BEACH REAL ESTATE (DECEMBER 2020)

(JANUARY 24-30) 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 JAN 27-FEB 2, 2021)

YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

-71.4%

-89.3%

(WEEK OF JAN 27-FEB 2) 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 JAN 27-FEB 2, 2021)

-74%

38%

18%

FEBRUARY 3, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD

HOTEL PERFORMANCE

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

(2020 vs. 2019/2021 vs. 2020)

72.4%

66.2%

63.2%

61.6%

63.1%

21.1%

23.9

23.4%

12-DEC

19-DEC

26-DEC

57.2%

50.2%

55 36.9%

34.0%

81.9%

CHRISTMAS & NYE WEEK

78.5%

THANKSGIVING WEEKEND

35.1%

58.1%

31.1%

26.7%

74.4%

73.9%

24.6%

24.2%

16-JAN

23-JAN

21.4%

21.3%

15 14-NOV

21-NOV

28-NOV

5-DEC

2-JAN

THIS YEAR

9-JAN

30-JAN

LAST YEAR

NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY WEEK (WEEKS OF JANUARY 3-30, 2021)

DAILY OCCUPANCY RATE (%)

80.0% 70.0% 60.0%

46.4%

50.0% 40.0% 30.0% 20.0%

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

32.9%

32.9% 19.8% 17.3% 17.9% 17.6% 16.5%

31.5% 26.2%

18.5% 19.3% 18.6% 18.7%

34.6% 25.1% 18.2% 18.0% 17.9% 17.9% 17.3%

10.0% 0.0%

JANUARY 3-9, 2021

JANUARY 10-16, 2021 SUN

MON

TUE

JANUARY 17-23, 2021

WED

THU

FRI

JANUARY 24-30, 2021

SAT

NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES 33%

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

EW N

25%

$299

R PO

H C A BE

32%

27%

22%

19% $145 N TO G N I T N U H

$100

â&#x20AC;¦ N SA

O G IE D

$260

A N A D

T IN PO

$102 IR

N VI

AVERAGE DAILY RATE ($) SOURCE: FEBRUARY 3, 2021, STR.COM

$153

E LA

LL JO

$204

A TA N SA

17%

29%

R BA

RA A

ER EV

28%

$436

Y YL

LS IL H

OCCUPANCY RATE (%)

LM PA

$127 R SP

S G IN

22%

$77 M EI H A N A

TA N SA

19% $214 A IC N O M

OCCUPANCY RATE (%)

MONTHLY AVERAGE DAILY RATE ($)

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

40% 30% 20% 10% 0%

FEBRUARY 3, 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 27 - JAN 2

JAN 3-9

JAN 10-16

JAN 17-23

JAN 24-30

-22.1%

NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE

(WEEKS OF NOVEMBER 7, 2020 – JANUARY 23, 2021) THANKSGIVING WEEKEND

AVERAGE WEKLY RATE ($)

335 315

$320

$305

295

CHRISTMAS & NYE WEEK

$295 $277

$289

$301 $279

275 255

$311

$275

$269

$287

235 215

$227

$225

$222

$230

195 14-NOV

21-NOV

28-NOV

5-DEC

12-DEC

$266

$239

$265

$264

$242

$241

16-JAN

23-JAN

$263 $249

$218 19-DEC

26-DEC

THIS YEAR

2-JAN

9-JAN

30-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 $333 $350 $312 $310 $316 $277 $295 $305 $295 $278 $294 $299 $286 $288 $279 $300 $273 $276 $285 $270 $266 $259 $273 $263 $264 $270 $265 $248 $246 $267 $248 $253 $253 $247 $241 $250 $233 $200 $150 $100 $50 $0

0 0 0 0 0 1 1 1 1 1 1 1 1 1 21 1 1 1 1 1 1 1 1 1 1 1 1 21 1 1 21 1 1 1 1 /2 8/2 9/2 0/2 1/2 /1/2 2/2 3/2 4/2 5/2 6/2 7/2 8/2 9/2 0/ 11/2 2/2 3/2 4/2 5/2 6/2 7/2 8/2 9/2 0/2 1/2 2/2 3/ 4/2 5/2 6/ 7/2 8/2 9/2 0/2 7 1 1 1 1 1 1 1 1 2 / / / / / / 1 /2 /2 /2 /3 /3 1 1 1 1/ 1 1 1 1/ 1 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/ 1/2 1/ 1/2 1/2 1/2 1/2 1/2 1/2 1/2 1/2 1/3 12 12 12 12 12

SOURCE: FEBRUARY 3, 2021, STR.COM

FEBRUARY 3, 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

9-NOV 11-NOV 13-NOV 15-NOV 17-NOV 19-NOV 21-NOV 23-NOV 25-NOV 27-NOV 29-NOV 1-DEC 3-DEC 5-DEC 7-DEC 10-DEC 12-DEC 14-DEC 16-DEC 18-DEC 20-DEC 22-DEC 24-DEC 26-DEC 28-DEC 30-DEC 1-JAN 3-JAN 5-JAN 7-JAN 9-JAN 11-JAN 13-JAN 15-JAN 17-JAN 19-JAN 21-JAN 23-JAN 25-JAN 27-JAN 29-JAN 31-JAN 2-FEB

(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%

60%

59% -20%

48%

50%

38%

40% 30%

24% 18%

20%

18%

17% 12%

10% 0%

NOV 25

DEC 2

DEC DEC DEC 9 16 23 CALI FORNI A

8% 0%

11%

# OF MONTHLY PASSENGERS (YOY % CHANGE)

PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK

70%

-40%

-60% -64% -66% -68%

-100%

DEC JAN JAN 30 6 13 LOS ANGELES

JAN 20

JAN 27

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

-72%

-80%

-75% -80%

-70% -71% -74% -75%

-74%

-79% -82%

-92%-87% -92% -96%

-87% -92%

-91%

-96%

-97%

-81% -82% -85%

-81%

-98%

-120% JOHN WAYNE AIRPORT APR

MAY

JU NE

JU LY

LAX AUG

SEP

LONG BEACH AIRPORT OC T

NOV

DEC

FEBRUARY 3, 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

$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

$1.0

$142,280,805

$0.5 $0.0

$100,000,000

$3,329, 834

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

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

FEBRUARY 3, 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

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%

-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

FEBRUARY 3, 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% 14.9% 14.7% 13.6% 13.5% 13.8% 11.1% 12.4%11.2% 9.0% 9.5% 9.0% 9.3% 8.2% 7.4% 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% -26.3% -25.4% -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

1.6

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