NOVEMBER 17, 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 OPEN HOTELS (ONLY OPEN HOTELS)
ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE
(NOVEMBER 7-13, 2021)
(SEPTEMBER 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
(NOVEMBER 7-13, 2021)
61.8%
ALL HOTELS (OPEN & CLOSED HOTELS)
58.4%
(SEPTEMBER 2021)
5.0%
+47.8%
(NOVEMBER 7-13, 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
+67.6%
ORANGE COUNTY/JOHN WAYNE AIRPORT
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$283.75
(NOVEMBER 7-13, 2021)
FASHION ISLAND HOTEL
JOHN WAYNE AIRPORT (SNA) (SEPT 2021 vs. SEPT 2019)
(NOVEMBER 7-13) 2021 vs. 2020
CLOSED HOTELS:
(AUGUST 2021 vs. AUGUST 2020)
# OF HOTEL ROOMS OPEN FOR BOOKING:
3,056
# OF HOTEL ROOMS CLOSED:
295
MONTHLY # OF PASSENGERS SEP 2019 SEP 2021
859,174
NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021)
CALIFORNIA & LA RESTAURANTS (WEEK OF NOVEMBER 5-11, 2021)
YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
+0.28%
U.S. TOTAL AUTOMOBILE SALES
783,747
-15.2%
(WEEK OF NOVEMBER 10-16) 2021 vs. 2020
(OCTOBER 2020 vs. OCTOBER 2021)
U.S. MARKET AUTO SALES BY MONTH OCT 2020 OCT 2021
1,398,735
589,743
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
82%
78%
(WEEK OF NOVEMBER 4-10, 2021)
NOVEMBER 17, 2021 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)
(2021 vs. 2020)
70 65 60 55 50 45
52.8%
40 35 30
42.8% 28-AUG
62.2%
60.8%
58.0%
44.9%
4-SEP
61.4% 56.2%
55.7%
61.8%
61.7%
59.8%
55.9% 48.8%
47.6% 42.8% 11-SEP
42.6%
18-SEP 25-SEP
45.4%
43.2%
42.1% 2-OCT
9-OCT
THIS YEAR
41.4%
45.5% 34.4%
37.0%
16-OCT 23-OCT 30-OCT 6-NOV 13-NOV
LAST YEAR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF OCTOBER 17, 2021 – NOVEMBER 13, 2021)
DAILY OCCUPANCY RATE (%)
90.0% 80.0%
71.7%72.4%
61.9% 59.6% 60.4% 58.3% 57.6% 48.8%
61.9% 58.0%63.4% 56.3%
70.0% 60.0%
48.2%
50.0%
44.9%
40.0%
70.8% 57.6% 47.1% 50.1% 44.4% 39.7% 31.9%
75.7% 75.2% 69.5% 63.1% 59.9% 52.6% 36.7%
30.0% 20.0% 10.0% 0.0%
OCT 17-23, 2021
OCT 24-30, 2021 SUN
MON
TUE
OCT 31-NOV 6, 2021 WED
THU
FRI
NOV 7-13, 2021
SAT
NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR-OVER-YEAR COMPARISON FOR 2021, 2020 & 2019)
MONTHLY AVERAGE DAILY RATE ($)
100.0% 80.0% 60.0% 40.0%
69.1% 68.6% 22.7%
79.8%
75.5%
74.9% 29.6%
20.0% 0.0%
78.7%
38.5%
47.7%
30.0%
71.8% 52.6%
27.6%
81.2% 62.6%
37.3%
85.9% 71.6%
38.2%
81.8%
76.2%
61.7%
58.1%
44.2%
43.9%
78.7% 67.6%
45.2%
34.3%
67.3%
25.0%
13.5% JAN
FEB
MA R
APR
2021 SOURCE: NOVEMBER 17, 2021, STR.COM
MA Y
JUN
2020
JUL
2019
AUG
SEP
OCT
NOV
DEC
NOVEMBER 17, 2021 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE AVERAGE WEEKLY RATE ($)
(WEEKS OF AUGUST 28-NOVEMBER 13, 2021)
435 415 395 375 355 335 315 295 275 255 235
$395.56 $372.72
$355.61 $322.46 $326.64 $328.07
$325.73
$317.04
$312.21
$319.09 $294.85
28-AUG
4-SEP
11-SEP
18-SEP
$312.85
$295.54 $297.59
$284.38 $283.21
$304.17
$262.17
$299.55 $276.45
25-SEP
2-OCT
9-OCT
16-OCT
THIS YEAR
23-OCT
30-OCT
$305.30 $283.75
$286.71
$305.11
6-NOV
13-NOV
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE $350
$312
$300 $250
$327 $299 $308 $322 $296$299 $303 $300 $278 $317 $305 $270 $282 $268 $272 $301 $262 $307 $292 $254 $288 $273 $267 $280 $263 $262 $254
$200 $150 $100 $50 $0
10
/1 7 10 /21 /1 8 10 /21 /1 9 10 /21 /2 0 10 /21 /2 1 10 /21 /2 2 10 /21 /2 3 10 /21 /2 4 10 /21 /2 5 10 /21 /2 6 10 /21 /2 7 10 /21 /2 8 10 /21 /2 9 10 /2 /3 1 0 10 /21 /3 1/ 2 11 1 /1 /2 1 11 /2 /2 1 11 /3 /2 1 11 /4 /2 1 11 /5 /2 1 11 /6 /2 1 11 /7 /2 1 11 /8 /2 1 11 /9 /2 11 /1 1 0/ 11 21 /1 1/ 11 21 /1 2/ 11 21 /1 3/ 21
AVERAGE DAILY RATE ($)
(OCTOBER 17 – NOVEMBER 13, 2021)
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR OCTOBER 2021
$336 N IC A
$178
SA
N TA
M O
H EI M
IN G S SP A LM P
ER EV B
R
H YL Y
A R B N TA
$167
IL L
RA BA
JO LL SA
OCCUPANCY RATE (%)
66%
61%
A N A
$639 S
$360
A
$269
LA
IN E V
D A N
A
$154
IR
PO IN T
O
$451
D IE G N
TI N G
52% 52%
AVERAGE DAILY RATE ($) SOURCE: NOVEMBER 17, 2021, STR.COM
76%
69%
67%
59%
$178
TO N …
$243
H U N
O R
T
B
EA C H
$338
65%
N E
W P
67%
58%
SA
$700 $600 $500 $400 $300 $200 $100 $0
OCCUPANCY RATE (%)
MONTHLY AVERAGE HOTEL RATE ($)
(AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR OCTOBER 2021)
80% 60% 40% 20% 0%
NOVEMBER 17, 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
10 /2 0/ 21 10 /2 1/ 10 21 /2 2/ 21 10 /2 3/ 21 10 /2 4/ 21 10 /2 5/ 21 10 /2 6/ 21 10 /2 7/ 21 10 /2 8/ 21 10 /2 9/ 21 10 /3 0/ 21 10 /3 1/ 21 11 /1 /2 1 11 /2 /2 1 11 /3 /2 1 11 /4 /2 1 11 /5 /2 1 11 /6 /2 1 11 /7 /2 1 11 /8 /2 1 11 /9 /2 1 11 /1 0/ 11 21 /1 1/ 21 11 /1 2/ 21 11 /1 3/ 21 11 /1 4/ 21 11 /1 5/ 21 11 /1 6/ 21
(YEAR-OVER-YEAR PERCENT CHANGE 2021 vs. 2020)
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%
79%
75%
76%
79%
80%
81%
78%
79%
80%
OCT 6
OCT 13
OCT 20
82%
81%
82%
81%
OCT 27
NOV 3
82% 78%
65% 55% 45%
SEP 29
CALIFORNIA
NOV 10
LOS ANGELES
ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2021, 2020 & 2019)
923,403 899,186 942,680 918,810 945,962 942,385
MONTHLY PASSENGER TRAFFIC
1,000,000 900,000 800,000 700,000 600,000
819,358 789,523
730,144 890,185
806,386
585,735
764,506
400,000 195,290
227,402
200,000
897,873
827,140
891,492
831,522 783,737
495,592 385,396
500,000 300,000
859,174
337,981
100,000
181,486
274,813 239,120 266,986
307,865 277,020
231,033
25,313 82,342
JAN
FEB
MAR
SOURCE: OPENTABLE AND SNA/JWA AIRPORT
APR
MAY 2021
JUN 2020
JUL AUG 2019
SEP
OCT
NOV
DEC
NOVEMBER 17, 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)
10.0% 8.0% 6.0% 4.0% 2.0% 0.0%
8.7%
9.3% 9.0% 8.5% 8.3% 8.0% 7.7% 7.6% 7.6% 7.5% 7.5% 7.4% 7.3% 6.5% 6.7% 6.4% 6.6% 6.2% 6.3% 5.8% 6.0% 5.0%
NOV 2020
DEC 2020
JAN 2021
FEB 2021
MAR 2021
APR 2021
CALIFORNIA
MAY 2021
JUN 2021
JUL 2021
AUG 2021
SEP 2021
ORANGE COUNTY
2020-2021 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE (CALIFORNIA vs. ORANGE COUNTY)
YOY PERCENT CHANGE (%)
AUG SEP 2020 2020
OCT 2020
NOV 2020
DEC 2020
JAN 2021
FEB 2021
MAR 2021
APR 2021
MAY 2021
JUN 2021
JUL 2021
AUG 2021
80.0% 62.6% 47.8% 60.0% 39.1% 46.5% 38.0% 37.5% 27.7% 24.8% 40.0% 27.3% 20.2% 20.0% 0.0% -20.0% -40.0% -28.5% -25.4% -24.0% -33.9% -29.1% -30.2% -34.0% -31.4% -30.8% -33.9% -38.8% -38.6% -32.3% -60.0% -35.4% -36.2% -41.6% CALIFORNIA
ORANGE COUNTY
SOURCE: U.S. BUREAU OF LABOR STATISTICS
U.S. AUTOMOBILE SALES BY MONTH
# OF AUTOMOBILES SOLD (MILLIONS)
(AUGUST 2020 – SEPTEMBER 2021 vs. PRIOR YEAR) 2.0 1.5
1.4
1.3 1.3
1.4
1.2
1.5
1.5 1.5
1.2
1.2 1.3
1.4
1.5
1.5
1.5 1.1
0.9
1.0
1.3 1.2
1.2 1.3
1.1
1.4
1.3
0.5
0.5
1.3
1.1 0.5
0.0 SEP 2020
OCT 2020
NOV 2020
DEC 2020
JAN 2021
FEB 2021
MAR 2021
THIS YEAR
APR 2021
MAY 2021
JUN 2021
JUL 2021
AUG 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
SEP 2021
OCT 2021