JUNE 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
(MAY 23-29, 2021)
OPEN HOTELS (ONLY OPEN HOTELS)
54.9%
(APRIL 2021)
6.2%
(MAY 23-29, 2021)
(APRIL 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
ALL HOTELS (OPEN & CLOSED HOTELS)
51.9%
27.1%
(MAY 23-29, 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
+48.0%
(APRIL 2021 vs. APRIL 2020)
NEWPORT BEACH REAL ESTATE (FEBRUARY 2021)
(MAY 23-29) 2021 vs. 2020
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$296.87
NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE
-33.2%
(FEBRUARY 2021 vs. FEBRUARY 2020)
(MAY 23-29, 2021)
CLOSED HOTELS:
# OF HOTEL ROOMS OPEN FOR BOOKING:
FASHION ISLAND HOTEL
# OF HOTEL ROOMS CLOSED:
3,056 295
U.S. AUTOMOBILE SALES (APRIL 2021 vs. 2020)
# OF AUTOMOBILES SOLD YOY % CHANGE
+133%
(APRIL 2021 vs. APRIL 2020)
JOHN WAYNE AIRPORT (SNA) (MARCH 2021)
U.S. VISA SPENDING IN NEWPORT BEACH (3RD QUARTER 2020 VS. 2019)
DOMESTIC U.S. CREDIT CARD SPENDING IN NEWPORT BEACH
-15.6%
(3RD QUARTER 2020 VS. 2019)
CALIFORNIA & LA RESTAURANTS (WEEK OF MAY 26-JUNE 2, 2021) YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
-2.9%
-33.5%
(WEEK OF MAY 26-JUNE 2) 2021 vs. 2020
ORANGE COUNTY/ JOHN WAYNE AIRPORT MONTHLY # OF PASSENGERS YOY % CHANGE
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
(MARCH 2021 vs. MARCH 2020)
(WEEK OF MAY 26-JUNE 2, 2021)
-36%
73%
65%
JUNE 3, 2021 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)
(2021 vs. 2020)
54.3%
55 41.9%
45
38.2%
53.3% 44.5%
42.7%
42.6%
44.4%
33.9%
37.1%
15.3%
15
54.9%
45.3%
35 25
55.1%
50.2%
8.1%
9.1%
11.3%
12.5%
3-APR
10-APR
17-APR
15.8%
17.1%
24-APR
1-MAY
30.5%
25.3%
20.7%
MEMORIAL DAY HOLIDAY
5 13-MAR 20-MAR 27-MAR
THIS YEAR
8-MAY
15-MAY
22-MAY 29-MAY
LAST YEAR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF MAY 2 – MAY 29, 2021)
89.1%
DAILY OCCUPANCY RATE (%)
90.0% 80.0% 60.0% 50.0% 40.0%
76.5%
71.4%
70.0%
65.6% 52.1%
57.9% 41.9% 35.8% 37.5% 38.3% 34.4%
80.2%
41.6% 44.2% 35.5% 36.1%
74.0%
68.8% 48.4% 50.7% 43.7% 45.5% 48.3%
45.1% 48.1% 42.1% 44.7% 41.0%
30.0% 20.0% 10.0% 0.0%
MAY 2-8, 2021
MAY 9-15, 2021 SUN
MON
TUE
MAY 16-22, 2021 WED
THU
FRI
MAY 23-29, 2021
SAT
NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE MONTHLY AVERAGE DAILY RATE ($)
(YEAR-OVER-YEAR COMPARISON FOR 2021, 2020 & 2019)
100.0% 80.0% 60.0% 40.0%
69.1% 68.6% 22.7%
79.8% 74.9% 29.6%
20.0% 0.0%
78.7%
38.5%
75.5%
71.8%
81.2%
85.9%
81.8%
76.2%
78.7%
43.9%
45.2%
67.6%
67.3%
47.7%
30.0%
27.6%
37.3%
38.2%
44.2%
34.3%
25.0%
13.5% JAN
FEB
MAR
2021 SOURCE: JUNE 3, 2021, STR.COM
APR
2020
MAY
2019
JUN
JUL
AUG
SEP
OCT
NOV
DEC
JUNE 3, 2021 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE (WEEKS OF MARCH 13 – MAY 29, 2021) $317
$308 AVERAGE WEEKLY RATE ($)
$320 $310 $300 $290 $280 $270 $260 $250 $240 $230 $220
$289
$287
$297
$290
$285
$275
$268
$277
$268
$268
$284 $275
$267
$282
$273
$245
$281
$276
$281
$266
$261 $238
13-MAR 20-MAR 27-MAR
3-APR
10-APR
17-APR
24-APR
1-MAY
THIS YEAR
8-MAY
15-MAY
22-MAY 29-MAY
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE $400 $332$337 $311 $279 $282 $350 $282 $269 $296 $287 $283 $270 $270 $268 $310 $279 $280 $294 $285 $272 $272 $269 $300 $259 $280 $274 $245 $258 $280 $279 $261 $262 $275 $264 $253 $249 $237 $250 $200 $150 $100 $50 $0 4/ 25 4/ /2 26 1 4/ /2 27 1 4/ /2 28 1 4/ /2 29 1 4/ /2 30 1 / 5/ 21 1/ 5/ 21 2/ 5/ 21 3/ 5/ 21 4/ 5/ 21 5/ 5/ 21 6/ 5/ 21 7/ 5/ 21 8/ 5/ 21 9 5/ /21 10 5/ /21 11 5/ /21 12 5/ /21 13 5/ /21 14 5/ /21 15 5/ /21 16 5/ /21 17 5/ /21 18 5/ /21 19 5/ /2 20 1 5/ /21 21 5/ /2 22 1 5/ /2 23 1 5/ /2 24 1 5/ /2 25 1 5/ /2 26 1 5/ /21 27 5/ /2 28 1 5/ /2 29 1 /2 1
AVERAGE DAILY RATE ($)
(APRIL 25 – MAY 29, 2021)
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR APRIL 2021 39%
66%
38%
$287 M O N IC A
IN G S PA LM
YL Y EV ER
SP R
H IL L
A RA
OCCUPANCY RATE (%)
$91
SA N TA
$202
A N A H EI M
$520 S
$262
B
E VI N IR
PO IN T D A N A
D IE G O SA N
AVERAGE DAILY RATE ($) SOURCE: APRIL 3, 2021, STR.COM
$213
B
$109
BA R
$377
A
$133
52% 32%
SA N TA
$207
H U N TI N G TO N
BE A C H T PO R N EW
71%
58%
54%
…
$298
56%
JO LL
48%
60%
LA
$600 $500 $400 $300 $200 $100 $0
OCCUPANCY RATE (%)
MONTHLY AVERAGE HOTEL RATE ($)
(AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR APRIL 2021)
80% 60% 40% 20% 0%
JUNE 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
25
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 APR 21 APR 22 APR 23 APR 24 APR 25 APR 26 APR 27 APR 28 APR 29 APR 30 MAY 1 MAY 2 MAY 3 MAY 4 MAY 5 MAY 6 MAY 7 MAY 8 MAY 9 MAY 10 MAY 11 MAY 12 MAY 13 MAY 14 MAY 15 MAY 16 MAY 17 MAY 18 MAY 19 MAY 20 MAY 21 MAY 22 MAY 23 MAY 24 MAY 25 MAY 26 MAY 27 MAY 28 MAY 29 MAY 30 MAY 31 JUN 1 JUN 2
(YEAR-OVER-YEAR PERCENT CHANGE 2021 vs. 2020)
15 5 -5 -15 -25 -35 -45 -55 -65 -75 CALIFORNIA RESTAURANTS
% OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK 70%
71% 71% 72% 69% 70% 70% 67% 68% 68%
60% 50%
55% 53% 54%
57%
60% 59% 60%
62% 64%
74%
59%
# OF MONTHLY AIRPORT PASSENGERS (% CHANGE 2020 vs. 2019/2021 vs. 2020) 0%
72% 73%
63%
65%
40% 30% 20% 10%
# OF MONTHLY PASSENGERS (YOY % CHANGE)
PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK
80%
LOS ANGELES RESTAURANTS
-10% -20% -40%
-36%
-50% -60% -70% -80%
-64% -74% -70% -76%
-90%
-70% -74% -72% -74%
-100%
0% MAR MAR MAR APR APR APR APR MAY MAY MAY MAY JUN 17 24 31 7 14 21 28 5 12 19 26 2 CALI FORNI A
LOS ANGELES
SOURCE: OPENTABLE AND SNA/JWA, LAX & LGB AIRPORTS
-15%
-21%
-30%
JOHN WAYNE AIRPORT NOV
DEC
LAX JAN
FEB
-82% -82% -85% -86% LONG BEACH AIRPORT MAR
JUNE 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
(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
$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
$2,768,760
$1.0
$142,280,805
$0.5
$3,329,834
$0.0
$100,000,000
$2,000,000 $0
R
UA RT 3R ER D QU AR TE 4T R H Q UA RT ER
$50,000,000 $0
Q
2ND 3RD QUARTER QUARTER
D 2N
$3.0 $2.5
$250,000,000
$12,000,000
$4.0
2019
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
$14,000,000
INT’L VISA CREDIT CARD SPENDING IN NEWPORT BEACH BY CATEGORY
2020
2019
20202
Q2 2019
Q2 2020
U.S. VISA CREDIT CARD SPENDING FROM EACH METRO AREA SPENT IN NEWPORT BEACH SPENDING IN MILLIONS USD ($)
(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
JUNE 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. 2019/2021 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
-27.5%
-29.3%
-26.3%
FEB 2021
38.5% 11.8%
10.6%
-1.4%
-6.9%
-15.1%
-11.6% -23.9%
-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 $3.7 $3.6 $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
JUNE 3, 2021 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
UNEMPLOYMENT & AUTOMOBILE METRICS
2020-2021 ORANGE COUNTY UNEMPLOYMENT RATE BY MONTH PERCENTAGE RATE (%)
(CALIFORNIA vs. ORANGE COUNTY)
20.0% 15.0% 10.0%
14.9% 13.6% 13.5% 12.3% 12.4% 10.6% 9.8% 9.5% 9.0%
8.2%
8.7%
6.6%
9.3% 9.0% 8.5% 8.3% 8.3% 7.4% 6.4% 7.3% 6.7% 6.2%
5.0% 0.0%
JUN 2020
JUL 2020
AUG 2020
SEP 2020
OCT 2020
CALIFORNIA
NOV 2020
DEC 2020
JAN 2021
FEB 2021
MAR 2021
APR 2021
ORANGE COUNTY
2020-2021 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE (CALIFORNIA vs. ORANGE COUNTY)
YOY PERCENT CHANGE (%)
JULY 2020
AUG 2020
SEP 2020
OCT 2020
NOV 2020
DEC 2020
JAN 2021
FEB 2021
MAR 2021
APR 2021
60.0% 38.0% 27.1% 40.0% 20.0% 0.0% -20.0% -25.4% -24.0% -28.5% -33.9% -40.0% -30.5% -29.1% -30.2% -34.0% -31.4% -35.4% -31.6% -30.8% -33.9% -38.6% -38.8% -32.3% -60.0% -36.2% -41.6% 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 1.0 0.5
1.6 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
1.6
1.4
1.2 0.6
0.9
0.8 0.6
0.0 APR 2020
MAY 2020
JUN 2020
JUL 2020
AUG 2020
SEP 2020
THIS YEAR
OCT 2020
NOV 2020
DEC 2020
JAN 2021
FEB 2021
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
MAR 2021
APR 2021