NEWPORT BEACH COVID-19 ECONOMIC RECOVERY DASHBOARD: April 7, 2021 by Visit Newport Beach

APRIL 7, 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

(MARCH 28 – APRIL 3, 2021)

OPEN HOTELS (ONLY OPEN HOTELS)

54.2%

(JANUARY 2021)

7.4%

(MARCH 28 – APRIL 3, 2021)

(JANUARY 2021)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

ALL HOTELS (OPEN & CLOSED HOTELS)

51.3%

-42.4%

(MARCH 28 – APRIL 3, 2021)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

+497.4%

(JANUARY 2021 vs. JANUARY 2020)

NEWPORT BEACH REAL ESTATE (FEBRUARY 2021)

(MARCH 28 – APRIL 3) 2021 vs. 2020

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$307.81

(MARCH 28 – APRIL 3, 2021)

CLOSED HOTELS:

# OF HOTEL ROOMS OPEN FOR BOOKING:

FASHION ISLAND HOTEL

# OF HOTEL ROOMS CLOSED:

3,056 295

U.S. AUTOMOBILE SALES (FEBRUARY 2021 vs. 2020)

# OF AUTOMOBILES SOLD YOY % CHANGE

-65%

(FEBRUARY 2021 vs. FEBRUARY 2020)

JOHN WAYNE AIRPORT (SNA) (JANUARY 2021)

NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE

-33.2%

(FEBRUARY 2021 vs. FEBRUARY 2020)

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 MARCH 31-APRIL 6, 2021) YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

-20.3%

-56.4%

(WEEK OF MARCH 31-APRIL 6) 2021 vs. 2020

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

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

(JANUARY 2021 vs. JANUARY 2020)

(WEEK OF MARCH 31-APRIL 6, 2021)

-75.8%

68%

55%

APRIL 7, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD

HOTEL PERFORMANCE

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

(2021 vs. 2020)

95 85 75 65 55 45 35 25 15 5

88.7%

81.9%

76.6%

74.4%

73.9%

80.8%

76.2%

65.8%

VALENTINE’S & PRESIDENTS’ DAY WEEKEND

MLK WEEKEND

24.6%

24.2%

16-JAN

23-JAN

21.3%

21.9%

30-JAN

6-FEB

54.2%

41.9%

33.2%

30.9%

30.8%

13-FEB

20-FEB

27-FEB

6-MAR

THIS YEAR

38.2% 15.3%

33.9%

30.6%

42.8%

9.1%

8.1%

13-MAR 20-MAR 27-MAR

3-APR

LAST YEAR

NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY WEEK (WEEKS OF MARCH 7 – APRIL 3, 2021)

DAILY OCCUPANCY RATE (%)

80.0% 62.1% 56.6%

60.0% 50.0% 40.0% 30.0%

71.2% 70.2%

72.6%

70.0%

43.3% 29.6% 28.3% 25.8% 25.9% 27.6%

56.3%

54.8%

51.3% 34.3%

46.2% 47.9% 44.5% 43.3%

36.4% 31.8% 32.3% 35.4% 30.8%

28.5% 30.6% 32.5% 27.2%

20.0% 10.0% 0.0%

MARCH 7-13, 2021

MARCH 14-20, 2021 SUN

MON

TUE

MAR 21-27, 2021

WED

THU

FRI

MAR 28-APR 3, 2021

SAT

NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES

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

EW N

41%

38%

30% $255

R PO

H C A BE

27%

47%

37%

36%

$101

$172

49% 27%

21% $169 N TO G N I T N U H

$111

… N SA

O G IE D

$317

A N A D

T IN PO

N VI

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

LL JO

$234

A TA N SA

R BA

RA A

ER EV

$451

Y YL

LS IL H

OCCUPANCY RATE (%)

LM PA

$147 R SP

S G IN

$80 M EI H A N A

TA N SA

34%

$233 A IC N O M

OCCUPANCY RATE (%)

MONTHLY AVERAGE DAILY RATE ($)

(MONTHLY AVERAGE DAILY RATE & OCCUPANCY RATE FOR FEBRUARY 2021)

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

APRIL 7, 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% -2.0% -4.0% -6.0% -8.0% -10.0%

FEB 28-MAR 6

MAR 7-13

MAR 14-20

MAR 21-27

MAR 28-APR 3

-8.8%

NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE (WEEKS OF JANUARY 16 – APRIL 3, 2021) VALENTINE’S & PRESIDENTS’ DAY WEEKEND

MLK WEEKEND

AVERAGE WEEKLY RATE ($)

$335

$308

$315

$289

$295

$265

$275

$264

$263

$266

$255

$266

$274 $263

$255

$264

$235

$242

$241

16-JAN

23-JAN

$249

$215 30-JAN

$239

$241

$243

$246

6-FEB

13-FEB

20-FEB

27-FEB

THIS YEAR

6-MAR

$268 $268

$275 $277

$284

13-MAR 20-MAR 27-MAR

$275

3-APR

LAST YEAR

NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (FEBRUARY 21 – MARCH 27, 2021)

AVERAGE DAILY RATE ($)

$350

$275 $304 $276 $276 $275 $291 $268 $300 $278 $283 $262 $270 $262 $268 $265 $269 $279 $260 $266 $266 $248 $256 $250 $200

$312 $328 $303 $314 $297 $293 $292

$207 $178 $184 $196 $173 $177 $179

$150 $100 $50 $0

21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 21 8/ /1/ /2/ /3/ /4/ /5/ /6/ /7/ /8/ /9/ 10/ 11/ 12/ 13/ 14/ 15/ 16/ 17/ 18/ 19/ 20/ 21/ 22/ 23/ 24/ 25/ 26/ 27/ 28/ 29/ 30/ 31/ /1/ /2/ /3/ 2 3 3 3 3 3 3 3 3 3 3/ 3/ 3/ 3/ 3/ 3/ 3/ 3/ 3/ 3/ / 3/ 3/ / / / / 3/ / / / 3/ 4 4 4 2/ 3 3 3 3 3 3 3 3

SOURCE: APRIL 3, 2021, STR.COM

APRIL 7, 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

FEB 18 FEB 19 FEB 20 FEB 21 FEB 22 FEB 23 FEB 24 FEB 25 FEB 26 FEB 27 FEB 28 MAR 1 MAR 2 MAR 3 MAR 4 MAR 5 MAR 6 MAR 7 MAR 8 MAR 9 MAR 10 MAR 11 MAR 12 MAR 13 MAR 14 MAR 15 MAR 16 MAR 17 MAR 18 MAR 19 MAR 20 MAR 21 MAR 22 MAR 23 MAR 24 MAR 25 MAR 26 MAR 27 MAR 28 MAR 29 MAR 30 MAR 31 APR 1 APR 2 APR 3 APR 4 APR 5 APR 6

(YEAR-OVER-YEAR PERCENT CHANGE 2021 vs. 2020)

-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. 2019/2021 vs. 2020) 0%

80% 80% PERCENT (%) (%) OF OF RESTAURANTS RESTAURANTS OPEN OPEN PERCENT FOR RESERVATIONS RESERVATIONS PER PER WEEK WEEK FOR

60% 60% 50% 50%

40% 40%

31%

30% 30% 20% 20% 10% 10%

18% 17% 9%

11%12%

55% 53%

31% 30%

30% 18%

1… 8% 9%

68% 67%

11%

0% 0% 0% 0% 0% 0% 0% 0%

0% 0% DEC JANFEB JAN FEB JAN JAN FEBMAR MARMAR MAR MAR JANDEC JANDEC JAN FEB FEB FEB FEB MARFEB MAR 16 20 27 324 103 17 1024 173 24 10 31 17 13 2320 30 27 6 313 10 17 CALI LOS CALIFORNI FORNIA A LOSANGELES ANGELES

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

-10%

# OF MONTHLY PASSENGERS (YOY % CHANGE)

67% 68% 62% 62% 59% 61% 61%59% 61% 61% 56% 56% 53% 54% 52% 52% 48% 46% 48% 46% 42% 42% 40% 40% 38% 38%

70% 70%

-20% -30% -40% -50% -60% -70% -80%

-64% -66% -68% -72% -74% -76%

-70% -71% -74% -74% -75% -79%

-90%

-81% -82% -81% -85% -86% -87%

-100% JOHN WAYNE AIRPORT

AUG

SEP

LAX

OCT

NOV

LONG BEACH AIRPORT

DEC

JAN

APRIL 7, 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

(2020 vs. 2019)

$17,811,034

$340,002,302

$300,000,000

$294,119,639

$325,722,868

$16,000,000

(2ND QUARTER 2020 vs. 2019)

$350,000,000

$18,000,000

$14,000,000

$3.0 $2.5

$250,000,000

$12,000,000

$4.0 $3.5

$13,809,783

$2.0

$10,000,000

$200,000,000

$1.5

$8,000,000

$150,000,000

$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

$3,329,834

$0.0

$100,000,000

$2,000,000 $0

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

R R R TE TE TE R R R A UA UA QU Q Q D H D 4T 3R 2N

2019

$0 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

APRIL 7, 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. 2019/2021 vs. 2020)

YOY % CHANGE IN ACTIVE LISTINGS

MAR 2020 0.0% -5.0% -10.0% -15.0% -20.0% -25.0% -30.0% -35.0% -40.0%

APR 2020

MAY 2020

JUN 2020

JUL 2020

-18.0%

-20.8% -25.3% -30.7%

-26.9%

AUG 2020

SEP 2020

OCT 2020

NOV 2020

-22.9%

-24.1%

DEC 2020

-20.0%

-28.0%

JAN 2021

FEB 2021

-24.1% -33.2%

-33.8%

NEWPORT BEACH REAL ESTATE LISTINGS AVERAGE NUMBER OF DAYS TO SELL

YOY % CHANGE IN AVERAGE # OF DAYS TO SELL

(YEAR-OVER-YEAR PERCENT CHANGE 2020 vs. 2019/2021 vs. 2020) MAR 2020

50.0% 40.0% 30.0% 20.0% 10.0% 0.0% -10.0% -20.0% -30.0% -40.0%

APR 2020

MAY 2020

JUN 2020

JUL 2020

AUG 2020

SEP 2020

OCT 2020

NOV 2020

DEC 2020

JAN 2021

-29.3%

-26.3%

FEB 2021

38.5% 11.8%

10.6% -1.4%

-6.9%

-15.1%

-11.6% -23.9%

-27.5%

-18.3%

NEWPORT BEACH REAL ESTATE AVERAGE LIST PRICE

(YEAR-OVER-YEAR AVERAGE LIST PRICE 2020 vs. 2019/2021 vs. 2020) $4.5 AVERAGE LIST PRICE (IN MILLIONS $)

$4.0 $3.5

$3.6 $3.4

$3.0

$3.5 $3.1 $3.2 $3.0 $2.8 $2.9

$3.5 $3.5

$3.6 $3.6 $3.1 $3.1

$3.7 $3.6 $3.7 $3.2

$4.1 $3.6 $2.8

$3.2 $3.2

$3.7 $3.5 $3.6

$3.8 $3.0

$2.5 $2.0 $1.5 $1.0 $0.5 $0.0

JAN 2020

FEB 2020

MAR 2020

APR 2020

MAY 2020

JUN 2020

2019 SOURCE: REAL ESTATE ADVERTISING SERVICE: MLS.COM

JUL 2020

2020

AUG 2020

SEP 2020

OCT 2020

NOV 2020

DEC 2020

JAN 2021

FEB 2021

APRIL 7, 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%

16.4% 16.4% 14.9% 13.8% 14.7% 13.6% 13.5% 12.3% 12.4% 10.6% 9.8% 9.5% 9.0% 7.5%

8.7%

6.4%

9.3% 7.4%

9.0% 7.4%

DEC 2020

JAN 2021

5.0% 0.0%

APR 2020

MAY 2020

JUN 2020

JUL 2020

AUG 2020

CALIFORNIA

SEP 2020

OCT 2020

NOV 2020

ORANGE COUNTY

2020-2021 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE (CALIFORNIA vs. ORANGE COUNTY)

YOY PERCENT CHANGE (%)

APR 2020

MAY 2020

JUN 2020

JULY 2020

AUG 2020

SEP 2020

OCT 2020

NOV 2020

DEC 2020

JAN 2021

0.0% -10.0% -20.0% -30.0% -40.0% -50.0% -46.4% -45.3% -47.1% -44.3%

-28.5% -29.8% -30.5% -31.6% -30.8% -30.7% -33.9% -36.2% CALIFORNIA

-24.0% -25.4% -30.2% -34.0% -31.4% -35.4%

-38.9% -42.4%

ORANGE COUNTY

SOURCE: U.S. BUREAU OF LABOR STATISTICS

U.S. AUTOMOBILE SALES BY MONTH # OF AUTOMOBILES SOLD (MILLIONS)

(2020 vs. 2019)

2.0 1.0

1.6

1.5

1.5 0.9

0.5

1.3

1.2

1.5 1.2

1.6

1.4 1.3

1.3

1.4

1.3

1.4

1.2

1.5

1.5 1.5 0.6

0.6

1.4

1.2 0.6

0.0 MAR 2020

APR 2020

MAY 2020

JUN 2020

JUL 2020

AUG 2020

THIS YEAR

SEP 2020

OCT 2020

NOV 2020

DEC 2020

LAST YEAR

JAN 2021

FEB 2021