JUNE 01, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY
ORANGE COUNTY UNEMPLOYMENT TRANSPORTATION 2023 VS. 2022 ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE 3.0% (APRIL 2023) ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE +6.0% (APRIL 2023 vs. APRIL 2022) NEWPORT BEACH HOTELS (MAY 21 - 27, 2023) NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS) 70.7% NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS 20.1% 2023 vs. 2022 NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE $323.41 # OF HOTEL ROOMS OPEN FOR BOOKING: 2,977 NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE ALL HOTELS (OPEN & CLOSED HOTELS) 64.0%
NEWPORT BEACH SHORT-TERM VACATION RENTALS (MAY 21 - 27, 2023) NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY RATE 41.5% NEWPORT BEACH SHORT-TERM RENTALS WEEKLY AVERAGE RATE $476.82 NEWPORT BEACH SHORT-TERM RENTALS MONTHLY % CHANGE IN SUPPLY .09% MAY- JUNE 2023 SOURCE: STR, OCAIR.COM, KEY DATA DASHBOARD , OPENTABLE.COM, BLS.GOV, GOODCARBADCAR.NET ORANGE COUNTY/JOHN WAYNE AIRPORT # OF MONTHLY PASSENGERS MARCH 2023 MARCH 2022 994,554 916,767 +2.9% US AUTO MARKET SALES BY MONTH MAY 2023 MAY 2022 291,301 1,130,238
JUNE 01, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY TRANSPORTATION METRICS
GASOLINE: NATIONAL AVG. VS CALIFORNIA AVG. VS HOTEL OCCUPANCY RATE MARCH 20, 2023 – MAY 22, 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 59.5% 61.5% 58.6% 66.1% 72.1% 74.9% 69.6% 66.5% 70.5% 70.7% $3.53 $3.61 $3.78 $3.77 $3.71 $3.64 $3.65 $3.65 $4.76 $4.73 $4.73 $4.79 $4.83 $4.80 $4.77 $4.74 $4.72 $4.71 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 MAY 15 MAY 22 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
JUNE 01, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY
ECONOMIC METRICS
U.S. INFLATION CALCULATOR
U.S. INFLATION CALCULATOR, STR
OF INFLATION
MONTH YOY COMPARISON (2021 – 2023)
SOURCE:
SOURCE:
RATE
BY
RATE OF INFLATION VS MONTHLY HOTEL OCCUPANCY RATE (%) JANUARY – DECEMBER 2023 6.4% 7.5% 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% 1.4% 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 4.9% JUN 2022 2023 2021 INFLATION RATE 54.9% JAN 6.0% 65.7% FEB 5.0% 66.2% MAR APR 6.4% JUN JUL AUG SEP OCT NOV DEC 4.9% 67.6% MAY 2023 INFLATION RATE 2023 NEWPORT BEACH HOTEL OCCUPANCY RATE (%) INFLATION RATE VS OCCUPANCY RATE
JUNE 01, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY ECONOMIC METRICS
CARD SPEND BY CATEGORY
AVG. CREDIT CARD/DEBIT TRANSACTION AMOUNT BY TOP 10 SPEND MARKETS MAY 21 – MAY 27, 2023 SOURCE: ZARTICO AVG. CREDIT/DEBIT
MAY 21 – MAY 27, 2023
49.7% 22.1% 6.3% 5.5% 49.7% 23.3% 7.5% 5.1% 2.7% 4.9% 2022 2023 0.2% Gas & Service Stations 94.0% Accommodations Y/Y VARIANCE Business & Professional Retail -3.4% -18.4% -3.1% Food AVG TOTAL SPEND Y/Y VARIANCE $132.50 $128.59 $126.12 $101.59 $89.53 $69.67 $68.30 $338.74 Fresno-Visalia CA $214.98 Milwaukee WI $145.34 Phoenix AZ Denver CO Sacramento CA Palm Springs CA San Diego CA Salt Lake City UT Los Angeles CA San Francisco CA AVG TRANSACTION SPEND 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
JUNE 01, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY VISITATION METRICS
SOURCE: ZARTICO
ZARTICO OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS MAY 21 – MAY 27, 2023
SOURCE:
VISITATION TYPE BY TOP 10 ORIGIN MARKETS MAY 21 – MAY 27, 2023 52.4% 9.3% 4.8% 3.8% 3.7% 2.3% 2.0% 1.4% 1.3% 1.3% San Diego CA Phoenix AZ San Francisco CA Las Vegas NV Los Angeles CA Sacramento CA Salt Lake City UT Fresno-Visalia CA Denver CO Palm Springs 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
JUNE 01, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY
HOTEL PERFORMANCE: OCCUPANCY
MONTHLY OCCUPANCY RATE
- OVER - YEAR COMPARISON FOR 2023, 2022 & 2021)
SOURCE: STR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF APRIL 30, 2023 – MAY 21 , 2023) )
NEWPORT BEACH HOTELS AVERAGE
(YEAR
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE (2023 v 2022)
64.4% 59.5% 62.5% 62.4% 61.1% 65.4% 60.3% 61.1% 65.3% 58.8% 59.5% 61.5% 58.6% 66.1% 72.1% 74.9% 69.6% 66.5% 70.5% 70.7% 0 55 110 APR 09 MAR 19 APR 23 APR 30 MAY 07 MAY 14 APR 02 MAR 26 MAY 21 APR 16 2022 2023 WEEKLY OCCUPANCY 53.4% 53.1% 44.3% 52.5% 68.2% 68.6% 65.7% 70.6% 73.5% 75.2% 74.0% 77.9% 73.2% 72.5% 74.6% 71.8% 67.4% 65.9% 68.7% 60.9% 67.7% 61.5% 79.4% 70.4% 83.7% 68.9% 86.5% 90.5% APR 30 - MAY 06 MAY 07 - MAY 13 MAY 14 - MAY 20 MAY 21 - MAY 27 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% 67.6% MAY APR 37.5% MAR FEB JUL AUG SEP OCT 61.0% NOV DEC 52.7% JAN JUN 2022 2023 2021
JUNE 01, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY
HOTEL PERFORMANCE: ADR
SOURCE: STR
NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK (WEEKS OF APRIL 30, 2023 – MAY 21, 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 $308.78$300.19 $327.69 $331.84 $322.62 $312.65 $324.46 $320.29 $335.99 $341.13 $319.90$318.29 $325.50 $323.04 $320.52 $333.41 $326.78 $331.76 $299.40 $323.41 200 350 250 MAR 19 APR 30 MAY 07 MAY 14 APR 23 APR 16 MAY 21 APR 09 APR 02 MAR 26 2022 2023 $333.39 $308.54 $287.71 $276.81 $342.27 $311.83 $265.28 $312.20 $329.84 $338.02 $277.33 $315.33 $328.27 $321.39 $284.94 $301.17 $308.02 $333.69 $291.90 $290.03 $314.36 $354.15 $334.66 $349.89 $331.14 $351.76 $336.26 $385.71 APR 30 - MAY 06 MAY 07 - MAY 13 MAY 14 - MAY 20 MAY 21 - MAY 27 $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 $297.65 $323.83 $327.80 200 250 300 400 450 150 JUN $444.09 $379.47 JUL $403.73 MAY $407.58 APR AUG SEP OCT NOV MAR FEB DEC $308.50 JAN $397.40 2022 2023 2021
JUNE 01, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY
HOTEL PERFORMANCE: REVPAR
SOURCE: STR
NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK (WEEKS OF APRIL 30, 2023 – MAY 21, 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 $198.97 $178.51 $204.76 $207.11 $197.16 $204.44 $195.76 $195.55 $219.44 $200.66 $190.31 $195.67 $190.87 $213.60 $230.97 $249.61 $227.35 $220.69 $210.95 $228.54 APR 09 APR 02 APR 23 APR 30 MAY 07 MAR 26 MAR 19 MAY 14 MAY 21 APR 16 2022 2023 $177.88 $163.80 $127.54 $145.37 $233.50 $213.78 $174.21 $220.53 $242.29 $254.20 $205.30 $245.60 $240.25 $232.95 $212.65 $216.38 $207.66 $220.03 $200.42 $176.64 $212.88 $217.84 $265.70 $246.33 $277.02 $242.22 $290.79 $348.95 APR 30 - MAY 06 MAY 07 - MAY 13 MAY 14 - MAY 20 MAY 21 - MAY 27 $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 $188.93 163.38 202.61 214.28 221.63 APR MAY $198.54 $253.62 JUN $284.44 JAN $169.04 JUL AUG SEP OCT NOV DEC MAR $107.24 FEB $326.26 2022 2023 2021
JUNE 01, 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 APRIL 30, 2023 – MAY 21, 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 47.5% 40.3% 45.6% 49.2% 40.3% 36.5% 36.2% 36.2% 41.6% 42.9% 41.1% 41.9% 48.5% 39.3% 33.4% 37.4% 37.1% 36.9% 41.1% 41.5% 0 90 MAY 07 MAR 19 APR 23 MAY 14 APR 16 APR 09 MAY 21 APR 02 MAR 26 APR 30 2022 2023 $163.05 $165.88 $185.40 $252.52 $302.18 $196.77 $198.33 $220.18 $156.73 $190.65 $257.02 $261.72 $185.43 $176.72 $188.93 $151.99 $205.36 150 250 300 350 400 450 100 $347.86 JUN $418.19 JUL MAY $307.81 AUG $238.19 SEP $186.77 $233.43 APR OCT NOV DEC MAR $128.19 $220.88 FEB $137.18 JAN $123.80 $266.55 2022 2023 2021 WEEKLY OCCUPANCY $436.99 $436.61 $472.48 $454.54 $446.04 $445.62 $521.74 $401.05 $414.56 $414.03 $418.42 $391.96 $469.67 $469.32 $491.80 $423.41 $459.40 $459.11 $451.17 $510.60 $511.57 $511.98 $483.18 $569.23 $488.11 $488.43 $493.38 $586.99 APR 30 - MAY 06 MAY 07 - MAY 13 MAY 14 - MAY 20 MAY 21 - MAY 27
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 JUNE 01, 2023, WEEKLY REPORT NEWPORT
& COMPANY
RENTALS
HOTELS METRICS WEEKLY 59.5% 61.5% 58.6% 66.1% 72.1% 74.9% 69.6% 66.5% 70.5% 70.7% 41.1% 41.9% 48.5% 39.3% 33.4% 37.4% 37.1% 36.9% 41.1% 41.5% 0 100 MAR 26 APR 02 APR 09 APR 16 MAR 19 APR 30 MAY 07 MAY 14 MAY 21 APR 23 HOTEL SHORT-TERM RENTAL $319.90$318.29 $325.50 $323.04 $320.52 $333.41 $326.78 $331.76 $299.40 $323.41 $465.65$475.58 $516.68 $474.91 $417.07 $457.54 $460.90 $460.73 $476.02 $476.82 0 850 MAR 26 APR 02 APR 09 APR 16 MAR 19 APR 30 MAY 07 MAY 14 MAY 21 APR 23 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 $228.54 $191.29$199.61 $250.99 $186.65 $140.47 $166.27 $172.48 $179.90 $196.27 $204.02 0 400 MAR 26 APR 02 MAR 19 APR 16 APR 23 APR 30 MAY 07 MAY 14 MAY 21 APR 09 HOTEL SHORT-TERM RENTAL
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 JUNE 01, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY
RENTALS VS. HOTELS METRICS MONTHLY 54.9% 65.7% 66.2% 67.6% 31.1% 38.4% 41.4% 44.2% 0 100 FEB MAR APR MAY JUN JAN AUG SEP OCT NOV DEC JUL HOTEL SHORT-TERM RENTAL $297.60 $308.49 $323.83 $327.80 $394.19 $390.62 $468.00 $464.62 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 $221.63 $122.70 $149.77 $192.38 $205.36 0 450 FEB MAR APR MAY JUN JAN AUG SEP OCT NOV DEC JUL HOTEL SHORT-TERM RENTAL MONTHLY REVPAR
SHORT-TERM
JUNE 01, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY
COMPETITIVE CITY METRICS AND EVENTS
NEWPORT BEACH HOTELS COMPETITIVE CITIES FOR APRIL 2023
SAN DIEGO
JUNE 2023
• 6/3: ROCK ‘N’ ROLL SAN DIEGO
• 6/7 – 7/4: SAN DIEGO COUNTY FAIR
• 6/24: OCEANSIDE INDEPENDENCE DAY PARADE
LOS ANGELES
JUNE - AUGUST 2023
• 6/3 – 6/4: L.A. WINEFEST
• 6/15 – 6/18: U.S. OPEN
• 6/17 – 6/18: HOLLYWOOD BOWL
JAZZ FESTIVAL
• 6/23 – 8/18: DANCE DTLA
SANTA BARBARA
JUNE 2023
• 6/1 – 6/30: ULTIMATE ISLAND
ADVENTURE
• 6/9 – 6/10: SB SURF FILM FESTIVAL
• 6/23 – 6/24: SUMMER SOLSTICE
CELEBRATION
• 6/24: SANTA BARBARA LAVENDER
FESTIVAL
HUNTINGTON BEACH
JUNE
2023
• 6/4: 2023 DOG BEACH CLEANUPS
• 6/3 – 6/4: CONCOURS D’ELEGANCE
• 7/4: INDEPENDENCE DAY
(AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR APRIL 2023) SOURCE: STR $327.80 $263.77 $376.81 $284.52 $268.71 $737.93 $283.89 $240.19 $377.92 67.6% 72.6% 77.3% 61.0% 71.8% 69.8% 73.9% 74.5% 78.6% 79.3% 30 60 230 360 530 660 HUNTINGTON
$179.85 IRVINE
59.7% BEVERLY
$199.63 NEWPORT
OCCUPANCY RATE (%) AVERAGE DAILY RATE ($)
BEACH SAN DIEGO
DANA
POINT
LA JOLLA SANTA BARBARA
HILLS PALM SPRINGS ANAHEIM SANTA MONICA
BEACH
JULY
-