MAY 11, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY
TRANSPORTATION METRICS
GASOLINE: NATIONAL AVG. VS CALIFORNIA AVG. VS HOTEL OCCUPANCY RATE MARCH 06, 2023 – MAY 01, 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 75.1% 69.7% 59.5% 61.5% 58.6% 66.1% 72.1% 74.9% 69.6% $3.50 $3.59 $3.53 $3.61 $3.78 $3.77 $3.71 $4.81 $4.83 $4.76 $4.73 $4.73 $4.79 $4.83 $4.80 $4.77 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 MAR 13 MAR 20 $3.53 MAR 27 APR 03 MAR 06 APR 10 APR 17 APR 24 MAY 01 $3.70 OCCUPANCY RATE NATIONAL GAS PRICE CALIFORNIA GAS PRICE 881,049 841,593 916,767 958,826 1,003,510 1,001,249 1,049,187 1,030,933 1,014,460 1,079,792 1,014,095 944,146 195,290 495,592 890,185 831,522 783,737 873,422 854,393 847,671 227,402 FEB 385,396 717,400 MAR APR 585,735 MAY JAN 730,144 JUN JUL AUG SEP OCT NOV 360,402 DEC 2022 2021 2023
MAY 11, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY ECONOMIC METRICS
U.S. INFLATION CALCULATOR
U.S. INFLATION CALCULATOR, STR RATE OF INFLATION
MONTH YOY COMPARISON (2021 – 2023)
SOURCE:
SOURCE:
BY
RATE OF INFLATION VS MONTHLY HOTEL OCCUPANCY RATE (%) JANUARY – DECEMBER 2023 7.5% 6.4% 1.4% JAN 1.7% 7.9% 6.0% FEB 2.6% 8.5% 5.0% 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 6.0% 65.7% FEB MAR APR MAY 6.4% JUL AUG SEP OCT NOV DEC 5.0% 66.2% JUN 2023 INFLATION RATE 2023 NEWPORT BEACH HOTEL OCCUPANCY RATE (%) INFLATION RATE VS OCCUPANCY RATE
MAY 11, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY ECONOMIC METRICS
CARD SPEND BY CATEGORY
AVG. CREDIT CARD/DEBIT TRANSACTION AMOUNT BY TOP 10 SPEND MARKETS APRIL 30 – MAY 06, 2023 SOURCE: ZARTICO
CREDIT/DEBIT
APRIL 30 – MAY 06 , 2023
AVG.
39.2% 36.8% 6.3% 4.4% 45.2% 30.5% 7.3% 4.0% 1.6% 4.6% 2022 2023 -9.0% -9.6% Gas & Service Stations 28.4% Y/Y VARIANCE Accommodations Nightlife 36.7% Retail -16.4% Food AVG TOTAL SPEND Y/Y VARIANCE $128.50 $99.52 $91.41 $86.26 $934.04 Idaho Falls ID $694.85 Reno NV $450.85 Fresno-Visalia CA $391.25 Salt Lake City UT $184.00 Honolulu HI Phoenix AZ San Francisco CA Sacramento CA Denver CO $66.13 Los Angeles CA AVG TRANSACTION SPEND CATEGORY SPEND AVERAGE CREDIT/DEBIT SPEND 0.2% 0.7% 1.4% 1.7% 0.8% 5.5% 4.2% 2.2% 1.5% 42.5% % OF TOTAL VISITOR SPEND SOURCE: ZARTICO
MAY 11, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY VISITATION METRICS
SOURCE: ZARTICO
ZARTICO OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS APRIL 30 – MAY 06, 2023
SOURCE:
VISITATION TYPE BY TOP 10 ORIGIN MARKETS APRIL 30 – MAY 06, 2023 45.7% 9.0% 5.4% 4.1% 3.5% 2.1% 1.9% 1.8% 1.6% 1.6% San Diego CA Phoenix AZ San Francisco CA Las Vegas NV Los Angeles CA Dallas-Ft. Worth TX Seattle-Tacoma WA Palm Springs CA Salt Lake City UT 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
MAY 11, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY
HOTEL PERFORMANCE: OCCUPANCY
SOURCE: STR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF APRIL 09, 2023 – APRIL 20 , 2023) )
NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR - OVER - YEAR COMPARISON FOR 2023, 2022 & 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE (2023 v 2022)
57.1% 68.7% 66.9% 64.4% 59.5% 62.5% 62.4% 61.1% 65.4% 60.3% 63.6% 75.1% 69.7% 59.5% 61.5% 58.6% 66.1% 72.1% 74.9% 69.6% 0 55 110 MAR 19 FEB 26 APR 02 MAR 12 MAR 05 APR 09 APR 16 APR 23 APR 30 MAR 26 2022 2023 WEEKLY OCCUPANCY 41.3% 49.3% 46.2% 53.4% 57.9% 72.9% 70.2% 68.2% 70.2% 81.1% 86.0% 73.5% 75.2% 77.0% 89.0% 73.2% 68.4% 73.6% 81.9% 67.4% 73.9% 72.6% 70.2% 67.7% 75.9% 78.0% 80.5% 83.7% APR 09 - APR 15 APR 16 - APR 22 APR 23 - APR 29 APR 30 - MAY 06 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% 66.2% MAR APR MAY 37.5% JAN JUN FEB 52.7% JUL AUG SEP OCT 61.0% NOV DEC 2022 2023 2021
MAY 11, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY
HOTEL PERFORMANCE: ADR
SOURCE: STR
NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK (WEEKS OF APRIL 09, 2023 – APRIL 20, 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 $303.79 $361.06 $308.78 $300.19 $327.69 $331.84 $322.62 $312.65 $324.46 $300.28 $329.20 $339.95 $319.90 $318.29 $325.50 $323.04 $320.52 $333.41 $326.78 220 240 260 280 320 340 360 380 200 MAR 26 APR 02 APR 09 MAR 19 MAR 05 APR 16 APR 23 APR 30 FEB 26 $304.96 MAR 12 2022 2023 $329.13 $316.20 $296.50 $333.39 $298.15 $340.75 $326.95 $342.27 $309.72 $333.42 $340.54 $329.84 $326.27 $311.96 $332.97 $328.27 $335.27 $306.00 $330.77 $308.02 $331.22 $308.87 $339.69 $314.36 $328.85 $323.94 $350.28 $331.14 APR 09 - APR 15 APR 16 - APR 22 APR 23 - APR 29 APR 30 - MAY 06 $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 $328.83 150 200 250 300 400 450 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
MAY 11, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY
HOTEL PERFORMANCE: REVPAR
SOURCE: STR
NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK (WEEKS OF APRIL 09, 2023 – APRIL 20, 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 $174.14 208.64 $241.66 $198.97 $178.51 $204.76 $207.11 $197.16 $204.44 $195.76 247.25 $236.77 $190.31 $195.67 $190.87 $213.60 $230.97 $249.61 $227.35 MAR 12 MAR 19 $190.85 APR 02 MAR 05 FEB 26 APR 09 APR 16 APR 23 APR 30 MAR 26 2022 2023 $135.96 $155.98 $137.11 $177.88 $172.59 $248.36 $229.41 $233.50 $217.53 $270.31 $292.89 $242.29 $245.25 $240.25 $296.43 $240.25 $229.40 $225.09 $270.84 $207.66 $244.86 $224.19 $238.47 $212.88 $249.62 $252.63 $282.11 $277.02 APR 09 - APR 15 APR 16 - APR 22 APR 23 - APR 29 APR 30 - MAY 06 $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 $193.12 $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
MAY 11, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS
SOURCE: KEY DATA DASHBOARD – AIRbnb, VRBO NEWPORT BEACH SHORT-TERM RENTALS DAILY ADR BY DAY OF WEEK (WEEKS OF APRIL 09, 2023 – APRIL 20, 2023)
OCCUPANCY
NEWPORT BEACH SHORT-TERM RENTALS MONTHLY REVPAR (YEAR - OVER - YEAR COMPARISON FOR 2023, 2022 & 2021) NEWPORT BEACH SHORT-TERM RENTAL WEEKLY
(2023 v 2022)
WEEKLY ADR REVPAR BY MONTH 35.6% 45.3% 53.0% 47.5% 40.3% 45.6% 49.2% 40.3% 36.5% 36.2% 41.9% 54.8% 41.1% 41.9% 48.5% 39.3% 33.4% 37.4% 37.1% 0 90 33.6% APR 02 APR 09 APR 16 MAR 19 MAR 12 APR 23 APR 30 MAR 05 FEB 26 MAR 26 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 $163.09 100 150 250 300 350 400 450 $149.77 FEB $192.38 $190.65 MAR $123.80 $137.18 APR $233.43 MAY $347.86 JUN $418.19 JUL $266.55 $307.81 AUG $238.19 SEP $186.77 JAN $122.70 OCT NOV DEC 2022 2023 2021 WEEKLY OCCUPANCY $519.23 $414.90 $431.75 $436.99 $485.84 $409.91 $393.31 $446.04 $468.17 $389.79 $388.20 $414.56 $441.44 $398.38 $375.20 $469.67 $478.91 $420.68 $513.86 $459.40 $473.88 $440.40 $465.23 $511.57 $456.92 $445.45 $495.25 $488.11 APR 09 - APR 15 APR 16 - APR 22 APR 23 - APR 29 APR 30 - MAY 06
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
WEEKLY REPORT NEWPORT
& COMPANY SHORT-TERM RENTALS
HOTELS METRICS WEEKLY 75.1% 69.7% 59.5% 61.5% 58.6% 66.1% 72.1% 74.9% 69.6% 33.6% 41.9% 54.8% 41.1% 41.9% 48.5% 39.3% 33.4% 37.4% 37.1% 0 100 FEB 26 MAR 05 MAR 12 MAR 19 MAR 26 63.6% APR 09 APR 16 APR 23 APR 30 APR 02 HOTEL SHORT-TERM RENTAL $300.28$329.20 $339.95 $319.90 $318.29 $325.50 $323.04 $320.52 $333.41 $326.78 $400.16$451.05 $529.35 $465.65 $475.58 $516.68 $474.91 $417.07 $457.54 $460.90 0 850 MAR 05 MAR 12 MAR 19 MAR 26 FEB 26 APR 09 APR 16 APR 23 APR 30 APR 02 HOTEL SHORT-TERM RENTAL WEEKLY OCCUPANCY RATE WEEKLY ADR WEEKLY REVPAR $247.25 $236.77 $190.31 $195.67 $190.87 $213.60 $230.97 $249.61 $227.35 $135.26 $190.65 $290.06 $199.61 $250.99 $186.65 $140.47 $166.27 $172.48 0 400 $191.29 MAR 12 MAR 19 FEB 26 MAR 05 MAR 26 APR 02 APR 09 APR 16 APR 23 APR 30 $190.85 HOTEL SHORT-TERM RENTAL
MAY 11, 2023,
BEACH
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 MAY 11, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY
RENTALS VS. HOTELS METRICS MONTHLY 54.9% 65.7% 66.2% 31.1% 38.4% 41.4% 0 100 FEB MAR APR MAY JUN JAN AUG SEP OCT NOV DEC JUL HOTEL SHORT-TERM RENTAL $297.60 $308.49 $323.83 $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 $214.28 $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
MAY 11, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY
COMPETITIVE CITY METRICS AND EVENTS
NEWPORT BEACH HOTELS COMPETITIVE CITIES FOR MARCH 2023 (AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR MARCH 2023)
SAN DIEGO
MARCH - MAY 2023
• 03/01 – 05/14: THE FLOWER FIELDS
• 04/18 – 05/14: SPRING SAFARI
FEATURING BUTTERFLY JUNGLE
• 05/11 – 05/14: GATOR BY THE BAY
LOS ANGELES MAY 2023
• 05/05 – 05/29: L.A. COUNTY FAIR
• 05/20 – 05/21: BEVERLY HILLS ART SHOW
SANTA BARBARA
MAY 2023
• 05/15 – 05/21: TASTE OF SANTA BARBARA
HUNTINGTON BEACH MAY 2023
• 05/13: KOWABUNGA HUNTINGTON BEACH VAN CAR SHOW
SOURCE: STR $323.83 $246.72 $203.15 $395.29 $284.29 $233.20 $733.94 $258.05 $253.74 $374.03 66.2% 69.5% 78.3% 66.2% 75.1% 72.2% 64.3% 78.5% 78.7% 77.4% 30 60 230 660 360 530 $193.19 DANA POINT SANTA MONICA ANAHEIM PALM SPRINGS BEVERLY HILLS 64.1% SANTA BARBARA LA JOLLA IRVINE SAN DIEGO HUNTINGTON BEACH NEWPORT BEACH OCCUPANCY RATE (%) AVERAGE DAILY RATE ($)
