AUGUST 4, 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
(JULY 25-31, 2021)
OPEN HOTELS (ONLY OPEN HOTELS)
72.5%
(JUNE 2021)
6.4%
(JULY 25-31, 2021)
(JUNE 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
ALL HOTELS (OPEN & CLOSED HOTELS)
68.6%
+39.2%
(JULY 25-31, 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
+64.6%
(JUNE 2021 vs. JUNE 2020)
NEWPORT BEACH REAL ESTATE (FEBRUARY 2021)
(JULY 25-31) 2021 vs. 2020
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$408.06
NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE
-33.2%
(FEBRUARY 2021 vs. FEBRUARY 2020)
(JULY 25-31, 2021)
CLOSED HOTELS:
# OF HOTEL ROOMS OPEN FOR BOOKING:
FASHION ISLAND HOTEL
# OF HOTEL ROOMS CLOSED:
3,056 295
U.S. AUTOMOBILE SALES (JUNE 2021 vs. 2020)
# OF AUTOMOBILES SOLD YOY % CHANGE
+108%
(JUNE 2021 vs. JUNE 2020)
JOHN WAYNE AIRPORT (SNA) (UNE 2021 vs. JUNE 2019)
U.S. VISA SPENDING IN NEWPORT BEACH (3RD QUARTER 2020 VS. 2019)
DOMESTIC U.S. CREDIT CARD SPENDING IN NEWPORT BEACH
-15.6%
(3RD QUARTER 2020 VS. 2019)
CALIFORNIA & LA RESTAURANTS (WEEK OF JUL 28-AUG 3, 2021)
YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
-11.3%
-32.4%
(WEEK OF JULY 28-AUGUST 3) 2021 vs. 2020
ORANGE COUNTY/ JOHN WAYNE AIRPORT MONTHLY # OF PASSENGERS YOY % CHANGE
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
(JUNE 2021 vs. JUNE 2019)
(WEEK OF JULY 28, 2021)
-20.5%
77%
70%
AUGUST 4, 2021 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)
(2021 vs. 2020)
80 70 60
50.2%
55.1%
50
54.9% 37.1%
40 25.3%
30
30.5%
61.1%
56.9%
66.0%
67.6%
44.5%
43.8%
38.1%
33.6%
62.6%
75.0%
67.9%
70.4%
35.8%
36.5%
36.9%
10-JUL
17-JUL
24-JUL
72.5%
44.1%
42.8%
20 15-MAY
22-MAY 29-MAY
5-JUN
12-JUN
19-JUN
26-JUN
3-JUL
THIS YEAR
31-JUL
LAST YEAR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF JULY 4-31, 2021)
DAILY OCCUPANCY RATE (%)
90.0%
81.9% 76.7% 66.5%
81.9%
80.0% 70.0%
54.3% 61.8% 52.7%
60.0%
86.0% 81.7% 67.3% 68.3% 68.2% 63.6% 57.6%
83.8% 77.4% 83.3% 71.7% 74.5% 69.1% 65.3%
JUL 11-17, 2021
JUL 18-24, 2021
82.5% 80.9% 76.5% 73.3% 67.2% 63.8%63.6%
50.0% 40.0% 30.0% 20.0% 10.0% 0.0%
JUL 4-10, 2021 SUN
MON
TUE
WED
THU
FRI
JUL 25-31, 2021
SAT
NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR-OVER-YEAR COMPARISON FOR 2021, 2020 & 2019)
MONTHLY AVERAGE DAILY RATE ($)
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% 47.7%
30.0%
71.8% 52.6%
27.6%
81.2%
85.9%
81.8%
76.2%
78.7%
43.9%
45.2%
67.6%
62.6%
37.3%
38.2%
44.2%
34.3%
67.3%
25.0%
13.5% JAN
FEB
MAR
APR
2021 SOURCE: AUGUST 4, 2021, STR.COM
MAY
JUN
2020
JUL
2019
AUG
SEP
OCT
NOV
DEC
AUGUST 4, 2021 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE (WEEKS OF MAY 15 – JULY 31, 2021)
$435
$335 $285
AVERAGE WEEKLY RATE ($)
$385
$391
$376
$369 $335
$324 $276
$282
$266
$235
15-MAY
$303
$297
$281
$281
22-MAY 29-MAY
$408
$394
$295
$341
$341
$296
$300
$296
5-JUN
12-JUN
19-JUN
$328
$312
$311
$290 26-JUN
3-JUL
THIS YEAR
10-JUL
17-JUL
24-JUL
31-JUL
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE $438 $459 $384 $392 $371 $431 $449 $387 $446 $393 $364 $401$411 $409 $383 $380 $377 $376 $374 $372 $371 $384 $357 $355 $400 $376 $369 $349 $349 $500
$300 $200 $100 $0 7/ 4/ 2 7/ 1 5/ 2 7/ 1 6/ 2 7/ 1 7/ 2 7/ 1 8/ 2 7/ 1 9/ 7/ 21 10 /2 7/ 1 11 / 7/ 21 12 / 7/ 21 13 / 7/ 21 14 / 7/ 21 15 / 7/ 21 16 / 7/ 21 17 / 7/ 21 18 / 7/ 21 19 / 7/ 21 20 / 7/ 21 21 / 7/ 21 22 / 7/ 21 23 / 7/ 21 24 / 7/ 21 25 / 7/ 21 26 / 7/ 21 27 / 7/ 21 28 / 7/ 21 29 / 7/ 21 30 / 7/ 21 31 /2 1
AVERAGE DAILY RATE ($)
(JULY 4 – JULY 31, 2021)
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR JUNE 2021
SOURCE: AUGUST 4, 2021, STR.COM
$159
$178
67%
$350
SA N TA
M O N IC A
55%
A N A H EI M
PA LM
SP R
H IL L YL Y EV ER
OCCUPANCY RATE (%)
56%
IN G S
S
$592
A RA
E VI N
AVERAGE DAILY RATE ($)
$307
B
$288
IR
PO IN T D A N A
D IE G O SA N
$141
B
$436
56%
82%
BA R
$172
70%
JO LL
$251
68%
A
52%
H U N TI N G TO N
BE A C H T PO R N EW
73%
…
$318
79%
SA N TA
63%
LA
$700 $600 $500 $400 $300 $200 $100 $0
OCCUPANCY RATE (%)
MONTHLY AVERAGE HOTEL RATE ($)
(AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR JUNE 2021)
100% 80% 60% 40% 20% 0%
AUGUST 4, 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 (YEAR-OVER-YEAR PERCENT CHANGE 2021 vs. 2020)
% CHANGE IN WEEKLY SEATED DINERS
JUN JUN JUN JUN JUN JUN JUN JUN JUN JUN JUN JUN JUN JUN JUN JUL JUL JUL JUL JUL JUL JUL JUL JUL JUL JUL JUL JUL JUL JUL JUL AUG 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 2
45 25 5 -15 -35 -55 -75 CALIFORNIA RESTAURANTS
LOS ANGELES RESTAURANTS
% OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK
85% 75%
70%
71%
70%
71%
74%
72%
72%
73%
72%
65%
65%
73%
73%
64%
65%
65% 55%
60%
59%
60%
62%
64% 59%
63%
74%
75%
68%
67%
75%
76%
77%
68%
69%
70%
45% APR 14 APR 21 APR 28 MAY 5 MAY 12 MAY 19MAY 26 JUN 2 JUN 9 JUN 16 JUN 23 JUN 30 JUL 7 JUL 14 JUL 21 JUL 27 CALIFORNIA LOS ANGELES
ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2021, 2020 & 2019)
MONTHLY PASSENGER TRAFFIC
1,000,000 800,000
819,358 789,523 806,386 764,506
600,000 400,000
195,290 227,402
200,000
923,403 899,186 942,680 918,810 945,962 942,385 859,174 897,873 827,140 891,492 730,144 495,592 385,396 337,981
25,313
585,735
82,342
181,486
307,865 277,020 239,120 266,986 274,813 231,033
JAN
FEB
MAR
APR
MAY 2021
SOURCE: OPENTABLE AND SNA/JWA AIRPORT
JUN 2020
JUL 2019
AUG
SEP
OCT
NOV
DEC
AUGUST 4, 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
$9.8
$11.9 $9.0
$3.3
$9.5 $10.5 $9.2 $4.1
$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
$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
$0.0 SAN FRANCISCO
SAN DIEGO
Q2 2019
Q2 2020
Q3 2019
Q3 2020
EXCLUDES LA, RIVERSIDE & ORANGE COUNITES
INT’L VISA CREDIT CARD SPENDING FROM EACH COUNTRY SPENT IN NEWPORT BEACH SPENDING IN MILLIONS USD ($)
(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
AUGUST 4, 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
AUGUST 4, 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)
15.0% 10.0%
12.3% 10.6% 9.8% 9.5% 9.0%
8.2%
8.7%
9.3% 9.0% 8.5% 8.3% 8.0% 7.7% 7.7% 7.4% 6.4% 7.3% 6.4% 6.7% 6.6% 5.8% 6.2%
5.0% 0.0%
AUG 2020
SEP 2020
OCT 2020
NOV 2020
DEC 2020
CALIFORNIA
JAN 2021
FEB 2021
MAR 2021
APR 2021
MAY 2021
JUN 2021
ORANGE COUNTY
2020-2021 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE (CALIFORNIA vs. ORANGE COUNTY)
YOY PERCENT CHANGE (%)
AUG 2020
SEP 2020
OCT 2020
NOV 2020
DEC 2020
JAN 2021
FEB 2021
MAR 2021
APR 2021
MAY 2021
JUN 2021
80.0% 62.6% 60.0% 39.2% 38.0% 37.5% 40.0% 27.3% 20.3% 20.0% 0.0% -20.0% -25.4% -24.0% -40.0% -28.5% -33.9% -29.1% -30.2% -34.0% -31.4% -30.8% -35.4% -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)
(APRIL 2020 - JUNE 2021 vs. PRIOR YEAR) 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
1.51.5
1.21.2
1.31.4
1.5
1.5
0.9
0.6
1.5 1.1
1.31.2
MAY 2021
JUN 2021
0.5
0.0 APR 2020
MAY 2020
JUN 2020
JUL 2020
AUG 2020
SEP 2020
OCT 2020
THIS YEAR
NOV 2020
DEC 2020
JAN 2021
FEB 2021
MAR 2021
APR 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