JUNE 9, 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 30-JUNE 5, 2021)
OPEN HOTELS (ONLY OPEN HOTELS)
56.9%
(APRIL 2021)
6.2%
(MAY 30-JUN 5, 2021)
(APRIL 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
ALL HOTELS (OPEN & CLOSED HOTELS)
53.8%
27.1%
(MAY 30-JUNE 5, 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
+69.1%
(APRIL 2021 vs. APRIL 2020)
NEWPORT BEACH REAL ESTATE (FEBRUARY 2021)
(MAY 30-JUNE 5) 2021 vs. 2020
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$303.03
(MAY 30-JUNE 5, 2021)
CLOSED HOTELS:
# OF HOTEL ROOMS OPEN FOR BOOKING:
FASHION ISLAND HOTEL
# OF HOTEL ROOMS CLOSED:
3,056 295
U.S. AUTOMOBILE SALES (APRIL 2021 vs. 2020)
# OF AUTOMOBILES SOLD YOY % CHANGE
+133%
(APRIL 2021 vs. APRIL 2020)
JOHN WAYNE AIRPORT (SNA) (APRIL 2021)
NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE
-33.2%
(FEBRUARY 2021 vs. FEBRUARY 2020)
U.S. VISA SPENDING IN NEWPORT BEACH (3RD QUARTER 2020 VS. 2019)
DOMESTIC U.S. CREDIT CARD SPENDING IN NEWPORT BEACH
-15.6%
(3RD QUARTER 2020 VS. 2019)
CALIFORNIA & LA RESTAURANTS (WEEK OF JUNE 2-7, 2021)
YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
-15.9%
-43.2%
(WEEK OF JUNE 2-7) 2021 vs. 2020
ORANGE COUNTY/ JOHN WAYNE AIRPORT MONTHLY # OF PASSENGERS YOY % CHANGE
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
(APRIL 2021 vs. APRIL 2020)
(WEEK OF JUNE 2, 2021)
+1,858%
73%
65%
JUNE 9, 2021 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
WEEKLY OCCUPANCY RATE (%)
(2021 vs. 2020)
65
52.3%
55 38.2%
45
53.3% 44.5%
42.7%
42.6%
45.3%
44.4%
15.3% 8.1%
15
54.9% 37.1%
35 25
55.1%
50.2%
9.1%
11.3%
12.5%
3-APR
10-APR
17-APR
15.8%
17.1%
24-APR
1-MAY
30.5%
25.3%
20.7%
56.9%
33.6%
5 20-MAR 27-MAR
8-MAY
THIS YEAR
15-MAY
22-MAY 29-MAY
5-JUN
LAST YEAR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF MAY 9 – JUNE 5, 2021)
89.1%
DAILY OCCUPANCY RATE (%)
90.0% 76.5% 65.6%
80.0% 70.0%
52.1%
60.0% 50.0% 40.0%
80.2% 68.8% 50.7%
48.4% 43.7% 45.5% 48.3%
41.6% 44.2% 35.5% 36.1%
74.0%
78.1%
76.4% 65.9%
51.5% 40.7% 47.4%
45.1% 48.1% 42.1% 44.7% 41.0%
38.1%
30.0% 20.0% 10.0% 0.0%
MAY 9-15, 2021
MAY 16-22, 2021 SUN
MON
TUE
MAY 23-29, 2021 WED
THU
FRI
MAY 30-JUN 5, 2021
SAT
NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE MONTHLY AVERAGE DAILY RATE ($)
(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
APR
2021 SOURCE: JUNE 9, 2021, STR.COM
MAY
JUN
2020
JUL
2019
AUG
SEP
OCT
NOV
DEC
JUNE 9, 2021 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE (WEEKS OF MARCH 20 – JUNE 5, 2021) $317
$308 AVERAGE WEEKLY RATE ($)
$320 $310 $300 $290 $280 $270 $260 $250 $240 $230 $220
$289
$290
$287
$285
$275
$281
$276
$268
$284
$277
$275
20-MAR 27-MAR
3-APR
10-APR
$281
$266
$261 $245
$296
$282
$273
$267
$303
$297
$238
17-APR
24-APR
1-MAY
8-MAY
THIS YEAR
15-MAY 22-MAY 29-MAY
5-JUN
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE AVERAGE DAILY RATE ($)
(MAY 2 – JUNE 5, 2021)
$400 $316 $337 $332 $311 $314 $283 $332 $284 $350 $282 $282 $269 $296 $287 $270 $268 $310 $279 $285 $294 $278 $275 $272 $280 $272 $269 $280 $300 $279 $259 $274 $261 $262 $275 $264 $253 $249 $250 $200 $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 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/ /4/ /5/ / 5 5 5 5 5 5 5 5 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 6 6 6 6 6
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR APRIL 2021
$600 $500 $400 $300 $200 $100 $0
EW N
48%
$298
R PO
T
H C A BE
60%
56%
71%
58%
54%
39%
66%
38% $207 N TO G N TI N U H
$133
… N SA
O G IE D
$377
A N A D
T IN PO
32% $109 IR
N VI
$213
E
AVERAGE DAILY RATE ($) SOURCE: JUNE 9, 2021, STR.COM
52%
LA
LL JO
$262
A TA N A S
R BA
B
RA A
B
ER EV
$520
Y YL
LS IL H
OCCUPANCY RATE (%)
LM PA
$202 R SP
S G IN
$91 M EI H A N A
TA N SA
$287 A IC N O M
OCCUPANCY RATE (%)
MONTHLY AVERAGE HOTEL RATE ($)
(AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR APRIL 2021)
80% 60% 40% 20% 0%
JUNE 9, 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
(YEAR-OVER-YEAR PERCENT CHANGE 2021 vs. 2020)
25 15 5 -5 -15
APR APR APR APR APR APR APR APR APR APR APR APR APR MAYMAYMAYMAYMAYMAYMAYMAYMAYMAYMAYMAYMAYMAYMAY JUN JUN JUN JUN 6 8 10 12 14 16 18 20 22 24 26 28 30 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 1 3 5 7
-25 -35 -45 -55 -65 -75 CALIFORNIA RESTAURANTS
LOS ANGELES RESTAURANTS
% OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK
75% 67%
68%
68%
69%
70%
70%
71%
71%
72%
74%
72%
73%
65%
55% 53%
54%
55%
57%
60%
59%
60%
62%
64%
63%
65%
59%
45% MAR 17 MAR 24 MAR 31
APR 7 APR 14 CALIFORNIA
APR 21
APR 28 MAY 5 MAY 12 MAY 19 MAY 26 LOS ANGELES
JUN 2
ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSSENGER TRAFFIC (2021, 2020 & 2019)
MONTHLY PASSENGER TRAFFIC
1,000,000 800,000
923,403 899,186 942,680 918,810 945,962 942,385 859,174 897,873 827,140 891,492 819,358 789,523 806,386 764,506
600,000 400,000
195,290 227,402
200,000
495,592 385,396 337,981
25,313
82,342
181,486
307,865 277,020 239,120 266,986 274,813 231,033
0 JAN
FEB
MAR
APR
MAY 2021
SOURCE: OPENTABLE AND SNA/JWA AIRPORT
JUN 2020
JUL
AUG 2019
SEP
OCT
NOV
DEC
JUNE 9, 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
JUNE 9, 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
JUNE 9, 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