NEWPORT BEACH ECONOMIC DASHBOARD: June 29, 2023

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JUNE 29, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY

TRANSPORTATION 2023 VS. 2022 ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE 3.2% (MAY 2023) ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE +6.0% (MAY 2023 vs. MAY 2022) NEWPORT BEACH HOTELS (JUNE 17 - 24, 2023) NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS) 74.0% NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS 19.3% 2023 vs. 2022 NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE $325.91 # OF HOTEL ROOMS OPEN FOR BOOKING: 2,977 NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE ALL HOTELS (OPEN & CLOSED HOTELS) 67.1%
ORANGE COUNTY UNEMPLOYMENT
NEWPORT BEACH SHORT-TERM VACATION RENTALS (JUNE 17 - 24, 2023) NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY RATE 50.4% NEWPORT BEACH SHORT-TERM RENTALS WEEKLY AVERAGE RATE $640.47 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

JUNE 29, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY TRANSPORTATION METRICS

GASOLINE: NATIONAL AVG. VS CALIFORNIA AVG. VS HOTEL OCCUPANCY RATE APRIL 17, 2023 – JUNE 19, 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 72.1% 74.9% 69.6% 66.5% 70.5% 70.7% 63.7% 71.7% 74.0% 77.0% $3.78 $3.77 $3.71 $3.64 $3.65 $3.65 $3.66 $3.71 $3.69 $4.83 $4.80 $4.77 $4.74 $4.72 $4.71 $4.76 $4.76 $4.82 $4.79 80 70 0 MAY 15 MAY 22 $3.70 APR 17 JUN 05 JUN 12 JUN 19 MAY 08 MAY 01 APR 24 MAY 29 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 29, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

ECONOMIC METRICS

U.S. INFLATION CALCULATOR
SOURCE:
INFLATION CALCULATOR, STR
OF INFLATION
MONTH YOY COMPARISON (2021 – 2023)
SOURCE: U.S.
RATE
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% 4.9% APR 5.0% 8.6% 4.0% 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 5.0% 66.2% MAR 4.9% 67.6% 6.4% MAY JUN JUL AUG SEP OCT NOV DEC 68.3% 4.0% APR 2023 INFLATION RATE 2023 NEWPORT BEACH HOTEL OCCUPANCY RATE (%) INFLATION RATE VS OCCUPANCY RATE

JUNE 29, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY ECONOMIC METRICS

CARD SPEND BY CATEGORY

AVG. CREDIT CARD/DEBIT TRANSACTION AMOUNT BY TOP 10 SPEND MARKETS JUNE 18 – JUNE 24, 2023 SOURCE: ZARTICO AVG. CREDIT/DEBIT
JUNE 18 – JUNE 24 , 2023
45.9% 23.1% 7.6% 5.2% 48.0% 21.3% 8.1% 3.3% 3.3% 4.9% 2022 2023 -13.9% -11.8% Gas & Service Stations Business & Professional 10.3% Accommodations Y/Y VARIANCE 41.3% Retail 2.6% Food AVG TOTAL SPEND Y/Y VARIANCE $213.16 Denver CO $202.63 Dallas-Ft. Worth TX $143.94 San Francisco CA $128.80 Seattle-Tacoma WA $123.41 Chicago IL $117.78 Las Vegas NV $111.83 Phoenix AZ $95.81 Los Angeles CA $82.13 Salt Lake City UT $75.45 Sacramento CA AVG TRANSACTION SPEND CATEGORY SPEND AVERAGE CREDIT/DEBIT SPEND 7.4% 4.1% 2.6% 3.5% 3.2% 8.1% 4.7% 2.6% 2.7% 11.0% % OF TOTAL VISITOR SPEND SOURCE: ZARTICO

JUNE 29, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY VISITATION METRICS

SOURCE: ZARTICO
ZARTICO OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS JUNE 18 – JUNE 24 , 2023
SOURCE:
VISITATION TYPE BY TOP 10 ORIGIN MARKETS JUNE 18 – JUNE 24 , 2023 24.0% 9.0% 6.5% 5.8% 5.2% 5.0% 3.7% 3.3% 2.8% 2.8% San Diego CA Phoenix AZ San Francisco CA Sacramento CA Los Angeles CA Palm Springs CA Salt Lake City UT Denver CO Dallas-Ft. Worth TX 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 29, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

HOTEL PERFORMANCE: OCCUPANCY

DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF MAY 28, 2023 – JUNE 18, 2023) )

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

SOURCE: STR
NEWPORT BEACH HOTELS NEWPORT BEACH HOTELS NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE (2023 v 2022)
61.1% 65.4% 60.3% 61.1% 65.3% 58.8% 58.9% 67.3% 62.0% 67.4% 72.1% 74.9% 69.6% 66.5% 70.5% 70.7% 63.7% 71.7% 74.0% 77.0% 0 55 110 APR 23 APR 30 MAY 07 MAY 14 APR 16 MAY 28 JUN 04 JUN 11 JUN 18 MAY 21 2022 2023 WEEKLY OCCUPANCY 76.5% 62.8% 53.4% 59.5% 35.8% 65.3% 69.1% 64.0% 48.2% 75.6% 78.2% 77.1% 61.0% 75.5% 77.6% 83.5% 61.5% 74.3% 78.3% 84.8% 77.3% 72.8% 78.8% 84.6% 85.3% 75.7% 82.8% 85.6% MAY 28- JUN 03 JUN 04- JUN 10 JUN 11- JUN 17 JUN 18- JUN 24 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% 64.2% 73.5% 67.9% 70.1% 68.4% 56.6% 54.9% 65.7% 66.2% 67.6% 68.3% APR 60.2% 37.5% MAY MAR FEB JUN 52.7% JAN JUL AUG SEP OCT 61.0% NOV DEC 2022 2023 2021

JUNE 29, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

HOTEL PERFORMANCE: ADR

SOURCE: STR
NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK (WEEKS OF MAY 28, 2023 – JUNE 18, 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 $322.62 $312.65 $324.46 $320.29 $335.99 $341.13 $364.98 $364.67 $382.91 $381.25 $320.52 $333.41 $326.78 $331.76 $299.40 $323.41 $296.78 $321.27 $325.91 $346.37 250 350 400 200 APR 23 APR 16 MAY 07 MAY 14 MAY 21 MAY 28 JUN 04 JUN 11 JUN 18 APR 30 2022 2023 $287.00 $341.19 $286.99 $329.33 $230.70 $306.74 $303.34 $328.75 $233.74 $310.42 $318.36 $333.86 $248.51 $312.20 $315.49 $347.06 $314.33 $316.57 $314.08 $347.40 $364.52 $335.53 $356.72 $366.97 $329.41 $328.08 $368.61 $360.63 MAY 28 - JUN 03 JUN 04 - JUN 10 JUN 11 - JUN 17 JUN 18 - JUN 24 $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 $321.16 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 29, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

HOTEL PERFORMANCE: REVPAR

SOURCE: STR
NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK (WEEKS OF MAY 28, 2023 – JUNE 18, 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 $197.16 $204.44 $195.76 $195.55 $219.44 $200.66 $215.03 $245.59 $237.59 $256.89 $230.97 $249.61 $227.35 $220.69 $210.95 $228.54 $188.91 $230.37 $241.28 $266.79 MAY 21 APR 16 JUN 04 MAY 14 MAY 07 JUN 11 JUN 18 APR 30 APR 23 MAY 28 2022 2023 $219.49 $214.10 $153.13 $196.05 $82.68 $200.31 $209.69 $210.49 $112.71 $234.59 $249.02 $257.34 $151.52 $235.82 $244.88 $289.76 $193.24 $235.20 $245.99 $294.70 $281.83 $244.10 $281.07 $310.45 $280.89 $248.48 $305.15 $308.72 MAY 28 - JUN 03 JUN 04 - JUN 10 JUN 11 - JUN 17 JUN 18 - JUN 24 $55.35 $75.46 $141.42 $151.26 $248.99 $199.62 $181.29 $166.41 $174.69 $114.90 $206.54 $208.16 $278.88 $254.02 $228.53 $200.34 $188.93 163.38 202.61 214.28 221.63 $219.32 $107.24 FEB MAR $169.04 APR $205.89 MAY $198.54 $253.62 JUN $284.44 $326.26 JAN JUL AUG SEP OCT NOV DEC 2022 2023 2021

JUNE 29, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS

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

BEACH SHORT-TERM RENTALS DAILY ADR BY DAY OF WEEK (WEEKS OF MAY 28, 2023 – JUNE 18, 2023) NEWPORT BEACH SHORT-TERM RENTALS MONTHLY REVPAR (YEAR - OVER - YEAR COMPARISON FOR 2023, 2022 & 2021)

SOURCE: KEY DATA DASHBOARD – AIRbnb, VRBO
NEWPORT
WEEKLY ADR REVPAR BY MONTH 40.3% 36.5% 36.2% 36.2% 41.6% 42.9% 46.8% 47.6% 48.2% 46.1% 33.4% 37.4% 37.1% 36.9% 41.1% 41.5% 45.4% 45.2% 48.5% 50.4% 0 90 MAY 28 MAY 21 JUN 04 MAY 14 MAY 07 JUN 11 APR 30 APR 23 JUN 18 APR 16 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 $588.56 $568.19 $597.51 $641.67 $529.46 $572.00 $578.19 $642.86 $525.21 $563.99 $594.69 $637.47 $527.47 $563.01 $595.13 $644.57 $548.80 $585.59 $603.29 $630.86 $570.26 $597.02 $639.30 $644.49 $584.40 $593.51 $638.63 $641.37 MAY 28 - JUNE 03 JUN 04- JUNE 10 JUN 11- JUN 17 JUN 18 - JUN 24
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 29, 2023, WEEKLY REPORT NEWPORT
& COMPANY SHORT-TERM RENTALS
HOTELS METRICS WEEKLY 72.1% 74.9% 69.6% 66.5% 70.5% 70.7% 63.7% 71.7% 74.0% 77.0% 33.4% 37.4% 37.1% 36.9% 41.1% 41.5% 45.4% 45.2% 48.5% 50.4% 0 100 APR 23 APR 30 MAY 07 MAY 14 APR 16 MAY 28 JUN 04 JUN 11 JUN 18 MAY 21 HOTEL SHORT-TERM RENTAL $320.52$333.41 $326.78 $331.76 $299.40 $323.41 $296.78 $321.27 $325.91 $346.37 $417.07$457.54 $460.90 $460.73 $476.02 $476.82 $553.45 $577.62 $606.67 $640.47 0 850 APR 23 APR 30 MAY 07 MAY 14 APR 16 MAY 28 JUN 04 JUN 11 JUN 18 MAY 21 HOTEL SHORT-TERM RENTAL WEEKLY OCCUPANCY RATE WEEKLY ADR WEEKLY REVPAR $230.97$249.61 $227.35 $220.69 $210.95 $228.54 $188.91 $230.37 $241.28 $266.79 $140.47 $166.27 $172.48 $179.90 $196.27 $204.02 $252.91 $261.50 $295.22 $322.90 0 400 APR 23 APR 30 MAY 07 MAY 14 APR 16 MAY 28 JUN 04 JUN 11 JUN 18 MAY 21 HOTEL SHORT-TERM RENTAL
BEACH
VS.

SHORT-TERM

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 29, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY
RENTALS
HOTELS METRICS MONTHLY 54.9% 65.7% 66.2% 67.6% 68.3% 31.1% 38.4% 41.4% 44.2% 39.8% 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 $321.16 $394.19 $390.62 $468.00 $464.62 $491.16 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 $219.32 $122.70 $149.77 $192.38 $205.36 $195.23 0 450 FEB MAR APR MAY JUN JAN AUG SEP OCT NOV DEC JUL HOTEL SHORT-TERM RENTAL MONTHLY REVPAR
VS.

JUNE 29, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

COMPETITIVE CITY METRICS AND EVENTS

NEWPORT BEACH HOTELS COMPETITIVE CITIES FOR MAY 2023 (AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY

FOR MAY 2023)

SAN DIEGO

JUNE - JULY 2023

• 6/7 – 7/4: SAN DIEGO COUNTY FAIR

• 7/4: PORT OF SAN DIEGO BIG BAY BOOM!

• 8/20 – 8/23: COMIC-CON

LOS ANGELES

JUNE - AUGUST 2023

• 6/23 – 8/18: DANCE DTLA

• 7/4: FOURTH OF JULY BLOCK PARTY

• 7/15 – 7/16: LOTUS FESTIVAL

HUNTINGTON BEACH

JULY 2023

• 7/4: INDEPENDENCE DAY

SANTA BARBARA

JUNE - AUGUST 2023

• 6/1 – 6/30: ULTIMATE ISLAND

ADVENTURE

• 7/4: FOURTH OF JULY CELEBRATION

• 8/2 – 8/6: OLD SPANISH DAYS FIESTA

LAGUNA BEACH

JUNE - SEPTEMBER 2023

• 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 $321.16 $268.45 $402.07 $273.89 $266.60 $788.94 $227.19 $366.05 68.3% 68.6% 73.3% 65.7% 71.1% 69.7% 70.2% 63.0% 75.1% 75.5% 46 50 58 700 SAN
$181.79
63.3% BEVERLY
$206.54 $203.14 HUNTINGTON
NEWPORT
OCCUPANCY RATE (%) AVERAGE DAILY RATE ($)
RATE
DIEGO DANA POINT
IRVINE
LA JOLLA SANTA BARBARA HILLS PALM SPRINGS ANAHEIM SANTA MONICA BEACH BEACH

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