APRIL 21, 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
(APRIL 11-17, 2021)
OPEN HOTELS (ONLY OPEN HOTELS)
42.7%
(FEBRUARY 2021)
6.8%
(APRIL 11-17, 2021)
(FEBRUARY 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
ALL HOTELS (OPEN & CLOSED HOTELS)
40.4%
-38.6%
(APRIL 11-17, 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
+242.7%
(FEBRUARY 2021 vs. FEBRUARY 2020)
NEWPORT BEACH REAL ESTATE (FEBRUARY 2021)
(APRIL 11-17) 2021 vs. 2020
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$286.95
NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE
-33.2%
(FEBRUARY 2021 vs. FEBRUARY 2020)
(APRIL 11-17, 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) (FEBRUARY 2021)
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 APRIL 15-20, 2021)
YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
-36.6%
-51.7%
(WEEK OF APRIL 15-20) 2021 vs. 2020
ORANGE COUNTY/ JOHN WAYNE AIRPORT MONTHLY # OF PASSENGERS YOY % CHANGE
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
(FEBRUARY 2021 vs. FREBRUARY 2020)
(WEEK OF APRIL 15-20, 2021)
-70%
70%
62%
APRIL 21, 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% 76.6%
74.4%
80.8%
76.2%
65.8%
VALENTINE’S & PRESIDENTS’ DAY WEEKEND
21.3%
21.9%
30-JAN
6-FEB
54.3% 41.9%
38.2% 15.3%
33.9%
30.6%
33.2%
30.9%
30.8%
13-FEB
20-FEB
27-FEB
6-MAR
42.7%
8.1%
13-MAR 20-MAR 27-MAR
THIS YEAR
53.3%
42.6%
9.1%
11.3%
12.5%
3-APR
10-APR
17-APR
LAST YEAR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY WEEK (WEEKS OF MARCH 21 – APRIL 17, 2021)
DAILY OCCUPANCY RATE (%)
80.0%
72.6%
60.0% 50.0% 40.0% 30.0%
54.8% 36.4% 31.8% 32.3% 35.4% 30.8%
72.8% 66.1%
70.2% 71.2% 56.3%
70.0%
56.1%
54.0% 45.0% 49.4% 42.0% 43.4%
44.5% 46.2% 47.9% 43.3%
70.2%
41.0% 32.8% 33.1% 34.4% 31.5%
20.0% 10.0% 0.0%
MARCH 21-27, 2021
MAR 28-APR 3, 2021 SUN
MON
TUE
APRIL 4-10, 2021
WED
THU
FRI
APRIL 11-17, 2021
SAT
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES 33%
$600 $500 $400 $300 $200 $100 $0
EW N
53%
50%
38% $279
R PO
T
H C A BE
31% $187 N TO G N I T N U H
$119
… N SA
O G IE D
$322
A N A D
T IN PO
44%
47%
$103
$194
IR
N VI
E
AVERAGE DAILY RATE ($) SOURCE: APRIL 21, 2021, STR.COM
LA
LL JO
47% 32%
7% $210
A TA N SA
61%
R BA
B
RA A
B
ER EV
$499
Y YL
LS IL H
OCCUPANCY RATE (%)
LM PA
$175 R SP
S G IN
$83 M EI H A N A
TA N SA
$252 A IC N O M
OCCUPANCY RATE (%)
MONTHLY AVERAGE DAILY RATE ($)
(MONTHLY AVERAGE DAILY RATE & OCCUPANCY RATE FOR MARCH 2021)
80% 60% 40% 20% 0%
APRIL 21, 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%
MARCH 14-20
MARCH 21-27
MARCH 28-APRIL 3
APRIL 4-10
APRIL 11-17
-8.8%
-8.8%
-8.8%
-8.8%
-8.8%
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE (WEEKS OF JANUARY 30 – APRIL 17, 2021)
VALENTINE’S & PRESIDENTS’ DAY WEEKEND
335
$317
$308
315 $289
295 $263
275
$266
$255
$266
$274
$263
255
$264
235
$249
215 30-JAN
$239
$241
$243
$246
6-FEB
13-FEB
20-FEB
27-FEB
$268 $268
$287
$275 $277
$284
$275
$267 $245
6-MAR
13-MAR 20-MAR 27-MAR
THIS YEAR
3-APR
10-APR
17-APR
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (MARCH 14 – APRIL 17, 2021)
$400 AVERAGE DAILY RATE ($)
$350 $300 $250
$276 $291 $283 $262 $279 $266 $266
$200 $150
$342 $312 $328 $328 $303 $330 $309 $315 $301 $296 $299 $314 $297 $293 $292 $304 $305 $280 $284 $280 $267
$207 $178 $196 $173 $184 $177 $179
$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 4/ 15/ 16/ 17/ 18/ 19/ 20/ 21/ 22/ 23/ 24/ 25/ 26/ 27/ 28/ 29/ 30/ 31/ /1/ /2/ /3/ /4/ /5/ /6/ /7/ /8/ /9/ 10/ 11/ 12/ 13/ 14/ 15/ 16/ 17/ 1 / 3/ 3/ 3/ 3/ 3/ 3/ 3/ 3/ 3/ 3/ 3/ 3/ 3/ 3/ 3/ 3/ 3/ 3/ 4 4 4 4 4 4 4 4 4 4/ 4 4/ 4/ 4/ 4/ 4/ 4/
SOURCE: APRIL 21, 2021, STR.COM
APRIL 21, 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
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 APR 7 APR 8 APR 9 APR 10 APR 11 APR 12 APR 13 APR 14 APR 15 APR 16 APR 17 APR 18 APR 19 APR 20
(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
(% CHANGE 2020 vs. 2019/2021 vs. 2020)
60%
52%
56%
62% 59% 61% 61% 46%
50% 40%
38%
40%
55% 53% 54%
58% 62%
48%
42%
3… 30%
30% 18% 11% 0%
0% JAN JAN FEB FEB FEB FEB MAR MAR MAR MAR MAR APR APR 20 27 3 10 17 24 3 10 17 24 31 7 14 CALI FORNI A LOS ANGELES
SOURCE: OPENTABLE AND SNA/JWA, LAX & LGB AIRPORTS
# OF MONTHLY PASSENGERS (YOY % CHANGE)
PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK
69% 70% 67% 68% 68%
70%
10%
# OF MONTHLY AIRPORT PASSENGERS 0%
80%
20%
LOS ANGELES RESTAURANTS
-10% -20% -30% -40% -50% -60% -70% -80%
-64% -74% -70% -76%
-90%
-70% -74% -72% -74%
-100% JOHN WAYNE AIRPORT NOV
DEC
LAX JAN
-82% -85% -82% -86% LONG BEACH AIRPORT
FEB
APRIL 21, 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 21, 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 21, 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% 14.9% 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%
8.5% 6.8%
DEC 2020
JAN 2021
FEB 2021
5.0% 0.0%
MAY 2020
JUN 2020
JUL 2020
AUG 2020
SEP 2020
CALIFORNIA
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 (%)
MAY 2020
JUN 2020
JULY 2020
AUG 2020
SEP 2020
OCT 2020
NOV 2020
DEC 2020
JAN 2021
FEB 2021
0.0% -10.0% -20.0% -30.0% -40.0% -50.0%
-46.4% -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%
-38.8% -41.6%
-33.9% -38.6%
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
1.3
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
NEWPORT BEACH & COMPANY 1600 NEWPORT CENTER DRIVE, SUITE 120 NEWPORT BEACH, CA 92660 INFO@VISITNEWPORTBEACH.COM 800-94-COAST © 2021. NEWPORT BEACH & COMPANY
JAN 2021
FEB 2021