NEWPORT BEACH ECONOMIC DASHBOARD: June 15, 2023

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JUNE 15, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY

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 (JUNE 04 - JUNE 10, 2023) NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS) 71.7% NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS 8.0% 2023 vs. 2022 NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE $321.27 # OF HOTEL ROOMS OPEN FOR BOOKING: 2,977 NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE ALL HOTELS (OPEN & CLOSED HOTELS) 65.9%
ORANGE COUNTY UNEMPLOYMENT
NEWPORT BEACH SHORT-TERM VACATION RENTALS (JUNE 04 - JUNE 10, 2023) NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY RATE 45.2% NEWPORT BEACH SHORT-TERM RENTALS WEEKLY AVERAGE RATE $577.62 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 715,583 1,133,472

TRANSPORTATION METRICS

GASOLINE: NATIONAL AVG. VS CALIFORNIA AVG. VS HOTEL OCCUPANCY RATE APRIL 03, 2023 – JUNE 05, 2023 SOURCE: OCAIR.COM SOURCE: U.S. ENERGY INFORMATION DEPT., STR ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2023, 2022 & 2021)
JUNE 15, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY
PASSENGER COUNT GASOLINE/GAL VS HOTEL OCCUPANCY RATE 58.6% 66.1% 72.1% 74.9% 69.6% 66.5% 70.5% 70.7% 63.7% 71.7% $3.61 $3.78 $3.77 $3.71 $3.64 $3.65 $3.65 $3.66 $4.73 $4.79 $4.83 $4.80 $4.77 $4.74 $4.72 $4.71 $4.76 $4.76 0 10 20 30 40 50 60 70 80 $3.70 APR 10 APR 17 APR 24 MAY 01 APR 03 MAY 15 MAY 22 $3.70 MAY 29 JUN 05 MAY 08 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 15, 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 6.4% 7.5% JAN 1.7% 7.9% 6.0% FEB 2.6% 8.5% 5.0% MAR 4.2% 8.3% 4.9% APR 5.0% 8.6% 4.0% MAY 1.4% 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 5.4% 2022 2023 2021 INFLATION RATE 6.4% 54.9% JAN 6.0% 65.7% FEB 5.0% 66.2% MAR 4.9% 67.6% APR MAY JUN JUL AUG SEP OCT NOV DEC 2023 INFLATION RATE 2023 NEWPORT BEACH HOTEL OCCUPANCY RATE (%) INFLATION RATE VS OCCUPANCY RATE

JUNE 15, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY ECONOMIC METRICS

AVG. CREDIT CARD/DEBIT TRANSACTION AMOUNT BY TOP 10 SPEND MARKETS JUNE 04 – JUNE 10, 2023 SOURCE: ZARTICO AVG. CREDIT/DEBIT
JUNE 04 – JUNE 10, 2023
CARD SPEND BY CATEGORY
44.0% 21.8% 12.8% 4.4% 50.3% 25.0% 6.4% 3.9% 4.9% 2.4% 2022 2023 -19.0% Gas & Service Stations Business & Professional 7.1% Accommodations Y/Y VARIANCE 135.2% Retail -9.1% -7.9% Food AVG TOTAL SPEND Y/Y VARIANCE $84.44 $75.68 $72.78 AVG TRANSACTION SPEND $214.91 $147.23 $132.41 Kansas City MO Sacramento CA Los Angeles CA San Francisco CA San Diego CA Phoenix AZ Las Vegas NV Santa BarbaraCA Austin TX Atlanta GA $5,575.70 $662.31 $625.54 $118.64 CATEGORY SPEND AVERAGE CREDIT/DEBIT SPEND 4.5% 4.2% 2.4% 3.4% 8.5% 2.8% 5.6% 3.7% 2.4% 18.9% % OF TOTAL VISITOR SPEND SOURCE: ZARTICO

NEWPORT BEACH & COMPANY VISITATION METRICS

SOURCE: ZARTICO
ZARTICO OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS JUNE 04 – JUNE 10, 2023
SOURCE:
JUNE 15, 2023, WEEKLY REPORT
VISITATION TYPE BY TOP 10 ORIGIN MARKETS JUNE 04 – JUNE 10, 2023 20.4% 10.5% 6.9% 6.8% 6.7% 5.8% 3.0% 3.0% 2.9% 2.5% San Diego CA San Francisco CA Palm Springs CA Phoenix AZ Los Angeles CA Sacramento CA New York NY Fresno-Visalia CA Salt Lake City UT Las Vegas NV % 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 15, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

HOTEL PERFORMANCE: OCCUPANCY

2023) )

AVERAGE MONTHLY OCCUPANCY RATE

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

SOURCE: STR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF MAY 14 , 2023 – JUNE 04, NEWPORT BEACH HOTELS (YEAR NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE (2023 v 2022)
62.5% 62.4% 61.1% 65.4% 60.3% 61.1% 65.3% 58.8% 58.9% 67.3% 58.6% 66.1% 72.1% 74.9% 69.6% 66.5% 70.5% 70.7% 63.7% 71.7% 0 55 110 APR 23 APR 30 APR 02 MAY 14 MAY 21 MAY 28 APR 16 APR 09 JUN 04 MAY 07 2022 2023 WEEKLY OCCUPANCY 44.3% 52.5% 76.5% 62.8% 65.7% 70.6% 35.8% 65.3% 74.0% 77.9% 48.2% 75.6% 74.6% 71.8% 61.0% 75.5% 68.7% 60.9% 61.5% 74.3% 79.4% 70.4% 77.3% 72.8% 86.5% 90.5% 85.3% 75.7% MAY 14 - MAY 20 MAY 21 - MAY 27 MAY 28- JUN 03 JUN 04- JUN 10 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% MAR APR MAY FEB 52.7% JUN JAN 37.5% JUL AUG SEP OCT 61.0% NOV DEC 2022 2023 2021

JUNE 15, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

HOTEL PERFORMANCE: ADR

SOURCE: STR
NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK (WEEKS OF MAY 14, 2023 – JUNE 04, 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 $327.69$331.84 $322.62 $312.65 $324.46 $320.29 $335.99 $341.13 $364.98 $364.67 $325.50$323.04 $320.52 $333.41 $326.78 $331.76 $299.40 $323.41 $296.78 $321.27 220 240 260 280 320 340 360 380 200 APR 23 APR 16 APR 09 APR 30 MAY 07 MAY 14 MAY 21 MAY 28 JUN 04 APR 02 2022 2023 $287.71 $276.81 $287.00 $341.19 $265.28 $312.20 $230.70 $306.74 $277.33 $315.33 $233.74 $310.42 $284.94 $301.17 $248.51 $312.20 $291.90 $290.03 $314.33 $316.57 $334.66 $349.89 $364.52 $335.53 $336.26 $385.71 $329.41 $328.08 MAY 14 - MAY 20 MAY 21 - MAY 27 MAY 28 - JUN 03 JUN 04 - JUNE 10 $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 $327.80 150 200 250 300 400 450 MAY $379.47 JUN $397.40 $444.09 APR JUL $403.73 MAR $407.58 FEB AUG SEP OCT NOV $308.50 JAN DEC 2022 2023 2021

JUNE 15, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

HOTEL PERFORMANCE: REVPAR

SOURCE: STR
NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK (WEEKS OF MAY 14, 2023 – JUNE 04, 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 $204.76 $207.11 $197.16 $204.44 $195.76 $195.55 $219.44 $200.66 $215.03 $245.59 $190.87 $213.60 $230.97 $249.61 $227.35 $220.69 $210.95 $228.54 $188.91 $230.37 APR 23 APR 30 APR 02 APR 16 APR 09 MAY 14 MAY 21 MAY 28 JUN 04 MAY 07 2022 2023 $127.54 $145.37 $219.49 $214.10 $174.21 $220.53 $82.68 $200.31 $205.30 $245.60 $112.71 $234.59 $212.65 $216.38 $151.52 $235.82 $200.42 $176.64 $193.24 $235.20 $265.70 $246.33 $281.83 $244.10 $290.79 $348.95 $280.89 $248.48 MAY 14 - MAY 20 MAY 21 - MAY 27 MAY 28 - JUNE 03 JUN 04 - JUN 10 $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 $107.24 FEB MAR $169.04 APR MAY $198.54 $253.62 JUN $284.44 $326.26 JAN JUL AUG SEP OCT NOV DEC 2022 2023 2021

JUNE 15, 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 MAY 14, 2023 – JUNE 04, 2023) NEWPORT BEACH SHORT-TERM RENTALS MONTHLY REVPAR (YEAR - OVER - YEAR COMPARISON FOR 2023, 2022 & 2021) NEWPORT BEACH SHORT-TERM RENTAL WEEKLY OCCUPANCY (2023 v 2022)
METRICS WEEKLY ADR REVPAR BY MONTH 45.6% 49.2% 40.3% 36.5% 36.2% 36.2% 41.6% 42.9% 46.8% 47.6% 48.5% 39.3% 33.4% 37.4% 37.1% 36.9% 41.1% 41.5% 45.4% 45.2% 0 90 MAY 21 MAY 14 APR 09 MAY 28 MAY 07 APR 30 JUN 04 APR 23 APR 16 APR 02 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 $205.36 100 150 250 300 350 400 450 FEB $220.88 $137.18 MAR $123.80 APR $233.43 MAY $347.86 JUN $418.19 JUL $266.55 $307.81 AUG $238.19 SEP $186.77 JAN $128.19 OCT NOV DEC 2022 2023 2021 WEEKLY OCCUPANCY $472.48 $454.54 $588.56 $568.19 $521.74 $401.05 $529.46 $572.00 $418.42 $391.96 $525.21 $563.99 $491.80 $423.41 $527.47 $563.01 $451.17 $510.60 $548.80 $585.59 $483.18 $569.23 $570.26 $597.02 $493.38 $586.99 $584.40 $593.51 MAY 14 - MAY 20 MAY 21 - MAY 27 MAY 28 - JUNE 03 JUN 04- JUNE 10
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 15, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS WEEKLY 58.6% 66.1% 72.1% 74.9% 69.6% 66.5% 70.5% 70.7% 63.7% 71.7% 48.5% 39.3% 33.4% 37.4% 37.1% 36.9% 41.1% 41.5% 45.4% 45.2% 0 100 APR 09 APR 16 APR 23 APR 30 APR 02 MAY 14 MAY 21 MAY 28 JUN 04 MAY 07 HOTEL SHORT-TERM RENTAL $325.50$323.04 $320.52 $333.41 $326.78 $331.76 $299.40 $323.41 $296.78 $321.27 $516.68$474.91 $417.07 $457.54 $460.90 $460.73 $476.02 $476.82 $553.45 $577.62 0 850 APR 09 APR 16 APR 23 APR 30 APR 02 MAY 14 MAY 21 MAY 28 JUN 04 MAY 07 HOTEL SHORT-TERM RENTAL WEEKLY OCCUPANCY RATE WEEKLY ADR WEEKLY REVPAR $190.87 $213.60 $230.97 $249.61 $227.35 $220.69 $210.95 $228.54 $188.91 $230.37 $250.99 $186.65 $140.47 $166.27 $172.48 $179.90 $196.27 $204.02 $252.91 $261.50 0 400 APR 09 APR 16 APR 23 APR 30 APR 02 MAY 14 MAY 21 MAY 28 JUN 04 MAY 07 HOTEL SHORT-TERM RENTAL
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 15, 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

15, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

COMPETITIVE CITY METRICS AND EVENTS

NEWPORT BEACH HOTELS COMPETITIVE CITIES FOR APRIL 2023

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

SAN DIEGO

JUNE 2023

• 6/7 – 7/4: SAN DIEGO COUNTY FAIR

• 6/24: OCEANSIDE INDEPENDENCE

DAY PARADE

LOS ANGELES

JUNE - AUGUST 2023

• 6/15 – 6/18: U.S. OPEN

• 6/17 – 6/18: HOLLYWOOD BOWL

JAZZ FESTIVAL

• 6/23 – 8/18: DANCE DTLA

HUNTINGTON BEACH

JULY 2023

• 7/4: INDEPENDENCE DAY

SANTA BARBARA

JUNE 2023

• 6/1 – 6/30: ULTIMATE ISLAND

ADVENTURE

• 6/23 – 6/24: SUMMER SOLSTICE CELEBRATION

• 6/24: SANTA BARBARA LAVENDER

FESTIVAL

• 6/30 – 9/3: SAWDUST ART & CRAFT

FESTIVAL

• 7/5 – 9/1: FESTIVAL OF THE ARTS

• 7/7 – 9/1: PAGEANT OF THE MASTERS

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
SPRINGS ANAHEIM SANTA MONICA $199.63 NEWPORT BEACH OCCUPANCY RATE (%) AVERAGE DAILY RATE ($)
JUNE
SEPTEMBER
BEACH SAN DIEGO DANA POINT
LA JOLLA SANTA BARBARA
HILLS PALM
LAGUNA BEACH
-
2023

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