NEWPORT BEACH ECONOMIC DASHBOARD: May 25, 2023

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MAY 25, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY

ORANGE COUNTY UNEMPLOYMENT TRANSPORTATION 2023 VS. 2022 ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE 3.4% (MARCH 2023) ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE +6.9% (MARCH 2023 vs. MARCH 2022) NEWPORT BEACH HOTELS (MAY 14 - 20, 2023) NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS) 70.5% NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS 7.9% 2023 vs. 2022 NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE $299.40 # OF HOTEL ROOMS OPEN FOR BOOKING: 2,977 NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE ALL HOTELS (OPEN & CLOSED HOTELS) 63.9%
NEWPORT BEACH SHORT-TERM VACATION RENTALS (MAY 14 - 20, 2023) NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY RATE 41.1% NEWPORT BEACH SHORT-TERM RENTALS WEEKLY AVERAGE RATE $299.40 NEWPORT BEACH SHORT-TERM RENTALS MONTHLY % CHANGE IN SUPPLY -.002% APRIL – MAY 2023 SOURCE: STR, OCAIR.COM, KEY DATA DASHBOARD , OPENTABLE.COM, BLS.GOV, GOODCARBADCAR.NET ORANGE COUNTY/JOHN WAYNE AIRPORT # OF MONTHLY PASSENGERS FEBRUARY 2023 FEBRUARY 2022 841,593 717,400 +15.9% US AUTO MARKET SALES BY MONTH APRIL 2023 APRIL 2022 713,152 1,255,968 -55.1%

MAY 25, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY

TRANSPORTATION METRICS

GASOLINE: NATIONAL AVG. VS CALIFORNIA AVG. VS HOTEL OCCUPANCY RATE MARCH 13, 2023 – MAY 15, 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 69.7% 59.5% 61.5% 58.6% 66.1% 72.1% 74.9% 69.6% 66.5% 70.5% $3.59 $3.53 $3.61 $3.78 $3.77 $3.71 $3.64 $3.65 $4.83 $4.76 $4.73 $4.73 $4.79 $4.83 $4.80 $4.77 $4.74 $4.72 0 10 20 30 40 50 60 70 80 $3.53 MAR 27 APR 03 $3.70 APR 10 MAR 20 APR 24 MAY 01 MAY 08 MAR 13 MAY 15 APR 17 OCCUPANCY RATE NATIONAL GAS PRICE CALIFORNIA GAS PRICE 881,049 944,544 916,767 958,826 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 717,400 385,396 841,593 MAR APR 585,735 MAY JAN 730,144 JUN JUL AUG SEP OCT NOV 360,402 DEC 2022 2021 2023

MAY 25, 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 25, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY ECONOMIC METRICS

BY CATEGORY

AVG. CREDIT CARD/DEBIT TRANSACTION AMOUNT BY TOP 10 SPEND MARKETS MAY 14 – MAY 20, 2023 SOURCE: ZARTICO AVG. CREDIT/DEBIT
MAY 14 – MAY 20, 2023
CARD SPEND
49.7% 22.1% 6.3% 5.5% 50.2% 22.4% 7.3% 5.1% 3.3% 5.0% 2022 2023 -0.9% -2.0% -11.5% -2.3% Business & Professional Food 70.1% Gas & Service Stations Accommodations Retail Y/Y VARIANCE AVG TOTAL SPEND Y/Y VARIANCE $132.50 $128.59 $126.12 $101.59 $89.53 $69.67 $68.30 $145.34 Phoenix AZ Denver CO Sacramento CA Palm Springs CA $338.74 Salt Lake City UT Los Angeles CA San Francisco CA AVG TRANSACTION SPEND Milwaukee WI $214.98 Fresno-Visalia CA San Diego CA CATEGORY SPEND AVERAGE CREDIT/DEBIT SPEND 0.9% 0.2% 3.6% 1.1% 1.5% 1.1% 4.9% 1.4% 2.3% 63.3% % OF TOTAL VISITOR SPEND SOURCE: ZARTICO

MAY 25, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY VISITATION METRICS

SOURCE: ZARTICO
ZARTICO OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS MAY 14 – MAY 20, 2023
SOURCE:
VISITATION TYPE BY TOP 10 ORIGIN MARKETS MAY 14 – MAY 20, 2023 63.8% 5.3% 4.0% 2.4% 1.7% 1.5% 1.3% 1.3% 1.3% 1.2% San Diego CA Phoenix AZ San Francisco CA Las Vegas NV Los Angeles CA Sacramento CA New York NY Palm Springs CA Dallas-Ft. Worth TX Salt Lake City UT % 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

NEWPORT

MAY 25, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

HOTEL PERFORMANCE: OCCUPANCY

OCCUPANCY RATE (2023 v 2022)

DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF APRIL 23, 2023 – MAY 14 , 2023) )

AVERAGE MONTHLY OCCUPANCY RATE (YEAR - OVER - YEAR COMPARISON FOR 2023, 2022 & 2021)

SOURCE: STR
NEWPORT BEACH HOTELS BEACH HOTELS NEWPORT BEACH HOTELS WEEKLY
66.9% 64.4% 59.5% 62.5% 62.4% 61.1% 65.4% 60.3% 61.1% 65.3% 69.7% 59.5% 61.5% 58.6% 66.1% 72.1% 74.9% 69.6% 66.5% 70.5% 0 55 110 APR 30 MAR 12 APR 23 APR 16 APR 09 APR 02 MAR 26 MAR 19 MAY 14 MAY 07 2022 2023 WEEKLY OCCUPANCY 46.2% 53.4% 53.1% 44.3% 70.2% 68.2% 68.6% 65.7% 86.0% 73.5% 75.2% 74.0% 89.0% 73.2% 72.5% 74.6% 81.9% 67.4% 65.9% 68.7% 70.2% 67.7% 61.5% 79.4% 80.5% 83.7% 68.9% 86.5% APR 23 - APR 29 APR 30 - MAY 06 MAY 07 - MAY 13 MAY 14 - MAY 20 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 25, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

HOTEL PERFORMANCE: ADR

SOURCE: STR
NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK (WEEKS OF APRIL 23, 2023 – MAY 14, 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 $361.06 $308.78 $300.19 $327.69 $331.84 $322.62 $312.65 $324.46 $320.29 $335.99 $319.90 $318.29 $325.50 $323.04 $320.52 $333.41 $326.78 $331.76 $299.40 220 240 260 280 320 340 360 380 200 APR 30 MAY 07 $339.95 APR 23 APR 16 APR 02 MAR 26 MAR 19 MAR 12 MAY 14 APR 09 2022 2023 $296.50 $333.39 $308.54 $287.71 $326.95 $342.27 $311.83 $265.28 $340.54 $329.84 $338.02 $277.33 $332.97 $328.27 $321.39 $284.94 $330.77 $308.02 $333.69 $291.90 $339.69 $314.36 $354.15 $334.66 $350.28 $331.14 $351.76 $336.26 APR 23 - APR 29 APR 30 - MAY 06 MAY 07 - MAY 13 MAY 14 - MAY 20 $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 25, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

HOTEL PERFORMANCE: REVPAR

SOURCE: STR
NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK (WEEKS OF APRIL 23, 2023 – MAY 14, 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 $241.66 $198.97 $178.51 $204.76 $207.11 $197.16 $204.44 $195.76 $195.55 $219.44 $236.77 $190.31 $195.67 $190.87 $213.60 $230.97 $249.61 $227.35 $220.69 $210.95 MAR 19 MAR 26 MAY 07 APR 30 APR 23 APR 16 MAY 14 APR 09 APR 02 MAR 12 2022 2023 $137.11 $177.88 $163.80 $127.54 $229.41 $233.50 $213.78 $174.21 $292.89 $242.29 $254.20 $205.30 $296.43 $240.25 $232.95 $212.65 $270.84 $207.66 $220.03 $200.42 $238.47 $212.88 $217.84 $265.70 $282.11 $277.02 $242.22 $290.79 APR 23 - APR 29 APR 30 - MAY 06 MAY 07 - MAY 13 MAY 14 - MAY 20 $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 25, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY SHORT-TERM RENTAL

SOURCE: KEY DATA DASHBOARD – AIRbnb, VRBO NEWPORT BEACH SHORT-TERM RENTALS DAILY ADR BY DAY OF WEEK (WEEKS OF APRIL 23, 2023 – MAY 14, 2023)
BEACH SHORT-TERM RENTALS MONTHLY REVPAR (YEAR
YEAR
2023, 2022 & 2021) NEWPORT BEACH SHORT-TERM RENTAL WEEKLY OCCUPANCY (2023 v 2022)
NEWPORT
- OVER -
COMPARISON FOR
WEEKLY ADR REVPAR BY MONTH 47.5% 40.3% 45.6% 49.2% 40.3% 36.5% 36.2% 36.2% 41.6% 54.8% 41.1% 41.9% 48.5% 39.3% 33.4% 37.4% 37.1% 36.9% 41.1% 0 90 APR 23 APR 16 APR 09 APR 30 APR 02 MAR 26 MAY 07 MAY 14 MAR 19 MAR 12 53.0% 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 $431.75 $436.99 $436.61 $472.48 $393.31 $446.04 $445.62 $521.74 $388.20 $414.56 $414.03 $418.42 $375.20 $469.67 $469.32 $491.80 $513.86 $459.40 $459.11 $451.17 $465.23 $511.57 $511.98 $483.18 $495.25 $488.11 $488.43 $493.38 APR 23 - APR 29 APR 30 - MAY 06 MAY 07 - MAY 13 MAY 14 - MAY 20
METRICS
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
25, 2023, WEEKLY REPORT NEWPORT
& COMPANY SHORT-TERM RENTALS
HOTELS METRICS WEEKLY 69.7% 59.5% 61.5% 58.6% 66.1% 72.1% 74.9% 69.6% 66.5% 70.5% 41.1% 41.9% 48.5% 39.3% 33.4% 37.4% 37.1% 36.9% 41.1% 0 100 MAR 19 MAR 26 APR 02 APR 09 APR 16 MAR 12 APR 30 MAY 07 54.8% MAY 14 APR 23 HOTEL SHORT-TERM RENTAL $339.95$319.90 $318.29 $325.50 $323.04 $320.52 $333.41 $326.78 $331.76 $299.40 $529.35 $465.65 $475.58 $516.68 $474.91 $417.07 $457.54 $460.90 $460.73 $476.02 0 850 MAR 19 MAR 26 APR 02 APR 09 MAR 12 APR 23 APR 30 MAY 07 MAY 14 APR 16 HOTEL SHORT-TERM RENTAL WEEKLY OCCUPANCY RATE WEEKLY ADR WEEKLY REVPAR $190.31 $195.67 $190.87 $213.60 $230.97 $249.61 $227.35 $220.69 $210.95 $290.06 $199.61 $250.99 $186.65 $140.47 $166.27 $172.48 $179.90 $196.27 0 400 APR 09 APR 16 APR 23 MAR 12 MAY 07 $236.77 APR 02 MAR 26 MAR 19 $191.29 MAY 14 APR 30 HOTEL SHORT-TERM RENTAL
MAY
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 25, 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 25, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

COMPETITIVE CITY METRICS AND EVENTS

SAN DIEGO

MAY 2023

• 5/29: FORT ROSECRANS MEMORIAL DAY

MAY 2023

• 5/27 – 29: MADONNARI ITALIAN STREET PAINTING FESTIVAL LOS

MAY 2023

• 05/05 – 05/29: L.A. COUNTY FAIR

• 05/29: MEMORIAL DAY CEREMONY

SANTA BARBARA
ANGELES
NEWPORT BEACH HOTELS COMPETITIVE CITIES FOR MARCH 2023 (AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR MARCH 2023) 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 $193.19 DANA POINT SANTA MONICA ANAHEIM PALM SPRINGS BEVERLY HILLS 64.1% SANTA BARBARA LA JOLLA IRVINE SAN DIEGO HUNTINGTON BEACH NEWPORT BEACH OCCUPANCY RATE (%) AVERAGE DAILY RATE ($)
BEACH
HUNTINGTON
MAY 2023

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