NEWPORT BEACH ECONOMIC DASHBOARD: MARCH 30, 2023

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MARCH 30, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY

ORANGE COUNTY UNEMPLOYMENT

2023 VS. 2022 ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE 3.4% (JANUARY 2023) ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE +7.8% (FEBRUARY 2023 vs. FEBRUARY 2022) % OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES 97% 95% (MARCH 15 - 21, 2023)
TRANSPORTATION
LA RESTAURANT
NEWPORT BEACH HOTELS (MARCH 19 - 25, 2023) NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS) 59.5% NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS -7.7% 2023 vs. 2022 NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE $319.90 # OF HOTEL ROOMS OPEN FOR BOOKING: 2,977 NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE ALL HOTELS (OPEN & CLOSED HOTELS) 53.9%
CALIFORNIA &
REPORT
NEWPORT BEACH SHORT-TERM VACATION RENTALS (MARCH 19 - 25, 2023) NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY RATE 41.1% NEWPORT BEACH SHORT-TERM RENTALS WEEKLY AVERAGE RATE $465.65 NEWPORT BEACH SHORT-TERM RENTALS MONTHLY % CHANGE IN SUPPLY -.86% FEBRUARY - MARCH 2023 +18.7% SOURCE: STR, OCAIR.COM, KEY DATA DASHBOARD , OPENTABLE.COM, BLS.GOV, GOODCARBADCAR.NET YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES -0.12% -0.04% (MARCH 15 - 21, 2023) ORANGE COUNTY/JOHN WAYNE AIRPORT # OF MONTHLY PASSENGERS JANUARY 2023 JANUARY 2022 881,049 630,402 +39.8% US AUTO MARKET SALES BY MONTH FEBRUARY 2023 FEBRUARY 2022 602,282 1,040,629 -53.3%

MARCH 30, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY

TRANSPORTATION METRICS

GASOLINE: NATIONAL AVG. VS CALIFORNIA AVG. VS HOTEL OCCUPANCY RATE JANUARY 23, 2023 – MARCH 20, 2023 SOURCE: OCAIR.COM SOURCE: U.S. ENERGY INFORMATION DEPT., STR ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2023, 2022 & 2021)
PASSENGER COUNT GASOLINE/GAL VS HOTEL OCCUPANCY RATE 65.1% 67.6% 67.1% 64.6% 65.3% 63.6% 75.1% 69.7% 59.5% $3.52 $3.59 $3.55 $3.55 $3.49 $3.46 $3.50 $3.59 $3.53 $4.38 $4.46 $4.51 $4.51 $4.63 $4.69 $4.81 $4.83 $4.76 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 0 10 20 30 40 50 60 70 80 JAN 30 FEB 06 FEB 13 FEB 20 JAN 23 MAR 06 MAR 13 MAR 20 FEB 27 OCCUPANCY RATE NATIONAL GAS PRICE CALIFORNIA GAS PRICE 881,049 916,767 958,826 1,003,510 1,001,249 1,049,187 1,030,933 1,014,460 1,079,792 1,014,095 944,146 195,290 495,592 890,185 831,522 783,737 873,422 854,393 847,671 MAY JUN JUL AUG SEP OCT NOV JAN APR 227,402 385,396 585,735 730,144 MAR 360,402 717,400 FEB DEC 2021 2022 2023

MARCH 30, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY ECONOMIC METRICS

U.S. INFLATION CALCULATOR
U.S. INFLATION CALCULATOR, STR RATE OF INFLATION BY MONTH YOY COMPARISON (2021 – 2023)
SOURCE:
SOURCE:
RATE OF INFLATION VS MONTHLY HOTEL OCCUPANCY RATE (%) JANUARY – DECEMBER 2023 1.4% 7.5% 6.4% JAN 1.7% 7.9% 6.0% FEB 2.6% 8.5% MAR 4.2% 8.3% APR 5.0% 8.6% MAY 5.4% 9.1% JUN 5.4% 8.5% JUL 5.3% 8.3% AUG 5.4% 8.2% SEP 6.2% 7.7% OCT 6.8% 7.1% NOV 7.0% 6.5% DEC 2022 2023 2021 INFLATION RATE 54.9% JAN FEB MAR APR MAY JUN 6.4% AUG SEP OCT NOV DEC 6.0% 65.7% JUL 2023 INFLATION RATE 2023 NEWPORT BEACH HOTEL OCCUPANCY RATE (%) INFLATION RATE VS OCCUPANCY RATE

MARCH 30, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY ECONOMIC METRICS

CARD SPEND BY CATEGORY

AVG. CREDIT CARD/DEBIT TRANSACTION AMOUNT BY TOP 10
MARCH 19 – MARCH 25, 2023 SOURCE: ZARTICO
MARCH 19 – MARCH 25 , 2023
SPEND MARKETS
AVG. CREDIT/DEBIT
45.6% 28.5% 5.4% 4.6% 49.0% 27.0% 5.0% 4.4% 2.5% 5.2% 2022 2023 -8.3% -9.6% Gas & Service Stations Retail Y/Y VARIANCE Business & Professional Accommodations 3.0% -16.4% 107.4% Food AVG TOTAL SPEND Y/Y VARIANCE $77.12 $70.78 Palm Springs CA $112.69 Phoenix AZ $87.84 Los Angeles CA Chicago IL San Diego CA AVG TRANSACTION SPEND $128.30 Minneapolis MN $132.19 Denver CO New York NY Sacramento CA $297.36 $166.95 $166.76 $136.93 San Francisco CA CATEGORY SPEND AVERAGE CREDIT/DEBIT SPEND 8.2% 5.4% 2.8% 5.1% 2.6% 2.5% 5.9% 3.4% 2.3% 4.1% % OF TOTAL VISITOR SPEND SOURCE: ZARTICO

MARCH 30, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY VISITATION METRICS

ZARTICO
ZARTICO OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS MARCH 19 – MARCH 25, 2023
SOURCE:
SOURCE:
VISITATION TYPE BY TOP 10 ORIGIN MARKETS MARCH 19 – MARCH 25, 2023 39.7% 6.5% 4.6% 3.8% 3.8% 3.5% 2.4% 2.0% 1.9% 1.5% San Diego CA Phoenix AZ Las Vegas NV San Francisco CA Los Angeles CA Salt Lake City UT Palm Springs CA Denver CO New York NY Sacramento CA % OF TOTAL VISITORS BY ORIGIN MARKET VISITATION BY ORIGIN MARKET 22.3% 8.5% 7.2% 5.3% 3.7% 3.7% 4.0% 2.7% 2.6% 2.4% 36.5% 10.4% 4.8% 4.0% 4.7% 3.8% 1.9% 1.7% 2.0% 1.6% 43.9% 7.8% 5.4% 5.6% 5.9% 2.1% 1.9% 1.0% 1.3% 44.2% 8.1% 5.7% 5.8% 4.2% 1.8% 1.8% 1.4% 1.0% 1.2% Los Angeles CA Non-US Phoenix AZ Las Vegas NV San Diego CA San Francisco CA Salt Lake City UT Denver CO Sacramento CA Dallas-Ft. Worth TX OVERNIGHT LONG DAY TRIP DAY TRIP SHORT TRIP VISITATION TYPE

MARCH 30, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

HOTEL PERFORMANCE: OCCUPANCY

OCCUPANCY

BY DAY OF WEEK

OF FEBRUARY 26, 2023 – MARCH 19 , 2023) )

AVERAGE MONTHLY OCCUPANCY RATE

- OVER - YEAR COMPARISON FOR 2023, 2022 & 2021)

SOURCE: STR
NEWPORT BEACH HOTELS DAILY RATE (WEEKS NEWPORT BEACH HOTELS (YEAR NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE (2023 v 2022)
37.9% 41.7% 47.3% 49.8% 55.3% 57.3% 57.1% 68.7% 66.9% 56.0% 65.1% 67.6% 67.1% 64.6% 65.3% 63.6% 75.1% 69.7% 0 55 110 FEB 19 FEB 26 MAR 05 JAN 22 JAN 29 MAR 12 MAR 19 64.4% 59.5% FEB 12 FEB 05 JAN 15 2022 2023 WEEKLY OCCUPANCY 49.1% 47.8% 53.8% 41.8% 62.4% 67.8% 68.9% 57.2% 71.8% 86.1% 73.6% 64.4% 69.9% 93.1% 76.2% 64.7% 64.2% 88.2% 72.0% 60.0% 62.7% 71.6% 71.1% 61.9% 64.8% 71.0% 72.0% 66.4% FEB 26 - MAR 04 MAR 05 - MAR 11 MAR 12 - MAR 18 MAR 19 - MAR 25 OCCUPANCY BY MONTH 22.7% 29.6% 38.6% 47.7% 52.7% 62.7% 71.6% 61.7% 58.1% 59.8% 53.5% 51.5% 63.8% 62.9% 60.2% 64.2% 73.5% 67.9% 70.1% 68.4% 56.6% 54.9% 65.7% MAR APR MAY FEB 37.5% JUN 52.7% JAN JUL AUG SEP OCT 61.0% NOV DEC 2022 2023 2021

MARCH 30, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

HOTEL PERFORMANCE: ADR

SOURCE: STR
NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK (WEEKS OF FEBRUARY 26, 2023 – MARCH 19, 2023) NEWPORT BEACH HOTELS AVERAGE MONTHLY ADR (YEAR - OVER - YEAR COMPARISON FOR 2023, 2022 & 2021) NEWPORT BEACH HOTELS WEEKLY ADR (2023 v 2022)
WEEKLY ADR ADR BY MONTH $288.38 $283.98 $327.04 $325.47 $305.69 $304.96 $303.79 $361.06 $307.97 $296.01 $308.66 $309.72 $309.92 $300.28 $329.20 $339.95 200 220 240 260 280 320 340 360 380 FEB 19 FEB 12 FEB 05 FEB 26 MAR 05 MAR 12 $308.78 JAN 29 $319.90 JAN 22 MAR 19 2022 2023 $315.24 $294.86 $341.47 $305.56 $303.19 $294.19 $342.29 $301.79 $302.10 $332.43 $348.65 $311.31 $301.74 $353.95 $342.88 $310.17 $287.56 $339.36 $333.37 $326.14 $295.53 $331.09 $341.72 $342.51 $299.72 $334.86 $329.40 $335.57 FEB 26 - MAR 04 MAR 05 - MAR 11 MAR 12 - MAR 18 MAR 19 - MAR 25 $243.75 $255.16 $278.18 $296.71 $287.16 $316.50 $338.41 $303.37 $311.15 $338.97 $306.70 $320.66 $323.93 $330.92 $341.95 $359.90 $333.91 $328.49 $334.66 $297.60 150 200 250 300 400 450 MAY $379.47 JUN $397.40 $444.09 APR JUL $403.73 MAR $407.58 FEB AUG SEP OCT NOV $308.49 JAN DEC 2022 2023 2021

MARCH 30, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR

SOURCE: STR
NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK (WEEKS OF FEBRUARY 26, 2023 – MARCH 19, 2023) NEWPORT BEACH HOTELS AVERAGE MONTHLY REVPAR (YEAR - OVER - YEAR COMPARISON FOR 2023, 2022 & 2021) NEWPORT BEACH HOTELS WEEKLY REVPAR (2023 v 2022)
WEEKLY REVPAR REVPAR BY MONTH $117.25 $120.37 $134.28 $162.87 $179.92 $175.11 $174.14 208.64 $198.97 $159.34 $200.62 $200.24 $206.99 $200.06 $202.52 247.25 $236.77 $190.31 FEB 19 FEB 26 MAR 05 JAN 22 JAN 29 MAR 12 MAR 19 $190.85 $241.66 FEB 12 FEB 05 JAN 15 2022 2023 $154.87 $140.90 $183.80 $127.66 $189.14 $199.51 $235.82 $172.57 $216.94 $286.36 $256.46 $200.47 $210.91 $329.60 $261.19 $200.67 $184.60 $299.28 $240.18 $195.79 $185.25 $237.21 $242.87 $212.06 $194.22 $237.89 $237.10 $222.96 FEB 26 - MAR 04 MAR 05 - MAR 11 MAR 12 - MAR 18 MAR 19 - MAR 25 $55.35 $75.46 $141.42 $151.26 $248.99 $199.62 $181.29 $166.41 $174.69 $114.90 $206.54 $208.16 $205.89 $278.88 $254.02 $228.53 $200.34 $188.93 $163.45 $202.61 $169.04 FEB $107.24 MAR APR MAY $198.54 $253.62 JUN $284.44 $326.26 JAN JUL AUG SEP OCT NOV DEC 2022 2023 2021

MARCH 30, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS

NEWPORT BEACH SHORT-TERM RENTAL WEEKLY OCCUPANCY (2023 v 2022)

NEWPORT BEACH SHORT-TERM RENTALS DAILY ADR BY DAY OF WEEK (WEEKS OF FEBRUARY 26, 2023 – MARCH 19, 2023) NEWPORT BEACH SHORT-TERM RENTALS MONTHLY REVPAR (YEAR - OVER - YEAR COMPARISON FOR 2023, 2022 & 2021)

SOURCE: KEY DATA DASHBOARD – AIRbnb, VRBO
WEEKLY ADR REVPAR BY MONTH 33.5% 32.0% 34.6% 35.3% 39.3% 43.3% 35.6% 45.3% 53.0% 47.5% 30.4% 31.9% 33.2% 35.0% 40.0% 41.9% 33.6% 41.9% 54.8% 41.1% 0 90 FEB 12 FEB 19 FEB 05 JAN 29 FEB 26 MAR 05 JAN 22 JAN 15 MAR 12 MAR 19 2022 2023 $163.05 $165.88 $185.40 $252.52 $302.18 $196.77 $198.33 $220.18 $156.73 $257.02 $261.72 $185.43 $176.72 $188.93 100 150 250 300 350 400 450 $123.80 $122.70 JAN $137.18 $190.65 $149.77 FEB $192.38 MAR APR $233.43 MAY $347.86 JUN $418.19 JUL $266.55 $307.81 AUG $238.19 SEP $186.77 OCT NOV DEC 2022 2023 2021 WEEKLY OCCUPANCY $382.01 $407.15 $524.92 $468.99 $370.44 $417.12 $531.60 $469.79 $387.50 $428.97 $530.96 $461.29 $400.78 $460.30 $529.76 $462.84 $415.33 $463.71 $535.75 $465.11 $424.10 $491.62 $526.63 $472.33 $420.95 $488.50 $525.84 $459.23 FEB 26 - MAR 04 MAR 05 - MAR 11 MAR 12 - MAR 18 MAR 19 - MAR 25
SOURCE: STR, KEY DATA DASHBOARD NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY ADR NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY REVPAR NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY OCCUPANCY
30, 2023, WEEKLY REPORT NEWPORT
& COMPANY
RENTALS
HOTELS METRICS WEEKLY 56.0% 65.1% 67.6% 67.1% 64.6% 65.3% 63.6% 75.1% 69.7% 59.5% 30.4% 31.9% 33.2% 35.0% 40.0% 41.9% 33.6% 41.9% 54.8% 41.1% 0 100 JAN 22 JAN 29 FEB 05 FEB 12 JAN 15 FEB 26 MAR 05 MAR 12 MAR 19 FEB 19 HOTEL SHORT-TERM RENTAL $284.33 $307.97 $296.01 $308.66 $309.72 $309.92 $300.28 $329.20 $339.95 $319.90 $408.99$375.23 $375.82 $406.17 $425.23 $410.07 $400.16 $451.05 $529.35 $465.65 0 850 JAN 22 JAN 29 FEB 05 FEB 12 JAN 15 FEB 26 MAR 05 MAR 12 MAR 19 FEB 19 HOTEL SHORT-TERM RENTAL WEEKLY OCCUPANCY RATE WEEKLY ADR WEEKLY REVPAR $200.62 $200.24 $206.99 $200.06 $202.52 $190.85 $247.25 $236.77 $190.31 $124.81$120.24 $125.60 $142.43 $172.59 $172.40 $135.26 $190.65 $290.06 0 400 FEB 19 FEB 26 MAR 05 JAN 15 $159.34 FEB 12 FEB 05 MAR 19 $191.29 JAN 29 JAN 22 MAR 12 HOTEL SHORT-TERM RENTAL
MARCH
BEACH
SHORT-TERM
VS.
SOURCE: STR, KEY DATA DASHBOARD NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 MONTHLY ADR NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 MONTHLY REVPAR NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 MONTHLY OCCUPANCY MARCH 30, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY
RENTALS VS. HOTELS METRICS MONTHLY 54.9% 65.7% 31.1% 38.4% 41.4% 0 100 MAR APR MAY JUN JUL JAN SEP OCT NOV DEC FEB AUG HOTEL SHORT-TERM RENTAL $297.60 $308.49 $394.19 $390.62 $464.43 0 850 FEB MAR APR MAY JUN JAN AUG SEP OCT NOV DEC JUL HOTEL SHORT-TERM RENTAL MONTHLY OCCUPANCY RATE MONTHLY ADR $163.45 $202.61 $122.70 $149.77 $192.38 0 450 FEB MAR APR MAY JUN JAN AUG SEP OCT NOV DEC JUL HOTEL SHORT-TERM RENTAL MONTHLY REVPAR
SHORT-TERM

MARCH 30, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY RESTAURANT METRICS

CALIFORNIA & LA DAILY SEATED DINERS FROM ONLINE, PHONE OR WALK-IN

% OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK

SOURCE: OPENTABLE.COM 44.0% 8.0% 8.0% 11.0% 13.0% 35.0% -18.0% -23.0% -19.0% -16.0% -14.0% -11.0% -3.0% 7.0% 14.0% 33.0% 19.0% SUN FEB 19 4.0% MON FEB 20 -8.0% TUE FEB 21 -3.0% -10.0% WED FEB 22 -4.0% -3.0% THU FEB 23 -12.0% FRI FEB 24 -8.0% SAT FEB 25 5.0% SUN FEB 26 -7.0% MON FEB 27 -3.0% TUE FEB 28 -3.0% WED MAR 01 1.0% THU MAR 02 FRI MAR 03 10.0% SAT MAR 04 11.0% 13.0% SUN MAR 05 14.0% MON MAR 06 TUE MAR 07 CALIFORNIA
88.0% 87.0% 89.0% 91.0% 92.0% 92.0% 90.0% 91.0% 90.0% 92.0% 82.0% 83.0% 85.0% 84.0% 85.0% 86.0% 88.0% 89.0% 90.0% 91.0% 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 JAN 04 JAN 11 JAN 18 JAN 25 DEC 28 FEB 08 FEB 15 FEB 22 MAR 01 FEB 01 CALIFORNIA LOS ANGELES DINERS: DAILY OPEN RESTAURANTS SOURCE: OPENTABLE.COM
LOS ANGELES

MARCH 30, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

COMPETITIVE CITY METRICS AND EVENTS

NEWPORT BEACH HOTELS COMPETITIVE CITIES FOR FEBRUARY 2023

(AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR FEBRUARY 2023)

SAN DIEGO

MARCH - APRIL 2023

• 03/01 – 05/14: THE FLOWER FIELDS

• 03/26 – 04/02: SAN DIEGO

RESTAURANT WEEK

• 03/31 – 04/02: SAN DIEGO CREW

CLASSIC

LOS ANGELES

APRIL 2023

• 04/14 – 04/16: 2023 UNIVERSE

MULTICULTURAL FILM FESTIVAL

• 04/21: EARTH DAY SUMMIT

SANTA BARBARA

APRIL/MAY 2023

• 04/29 – 04/30: SANTA BARBARA

EARTH DAY FESTIVAL

• 05/15 – 05/21: TASTE OF SANTA BARBARA

HUNTINGTON BEACH

APRIL 2023

• 04/01: SOCAL CORGI BEACH DAY

• ALL OF APRIL: JACK’S SURFBOARDS PRO

$308.49 $234.87 $205.20 $354.97 $269.76 $222.68 $732.31 $236.36 $238.17 $385.49 65.7% 64.6% 76.6% 59.3% 73.0% 71.7% 63.9% 74.4% 70.5% 72.4% 10 30 200 330 500 630
$183.63 IRVINE
62.9% BEVERLY
SANTA
OCCUPANCY RATE (%) AVERAGE DAILY RATE ($)
SOURCE: STR
HUNTINGTON BEACH SAN DIEGO DANA POINT LA JOLLA
NEWPORT
BEACH HILLS PALM SPRINGS ANAHEIM SANTA MONICA BARBARA

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