NEWPORT BEACH ECONOMIC DASHBOARD: July 21, 2023

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JULY 21, 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 +4.1% (JUNE 2023 vs. JUNE 2022) NEWPORT BEACH HOTELS (JULY 09 – JULY 15, 2023) NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS) 80.1% NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS 12.5% 2023 vs. 2022 NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE $384.75 # OF HOTEL ROOMS OPEN FOR BOOKING: 2,977 NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE ALL HOTELS (OPEN & CLOSED HOTELS) 72.6%
ORANGE COUNTY UNEMPLOYMENT
NEWPORT BEACH SHORT-TERM VACATION RENTALS (JULY 09 – JULY 15, 2023) NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY RATE 50.9% NEWPORT BEACH SHORT-TERM RENTALS WEEKLY AVERAGE RATE $757.77 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 APRIL 2023 APRIL 2022 992,569 958,826 +3.5% US AUTO MARKET SALES BY MONTH JUNE 2023 JUNE 2022 1,074,536 1,091,699

TRANSPORTATION METRICS

GASOLINE: NATIONAL AVG. VS CALIFORNIA AVG. VS HOTEL OCCUPANCY RATE MAY 01, 2023 – JULY 03, 2023 SOURCE: OCAIR.COM SOURCE: U.S. ENERGY INFORMATION DEPT., STR ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2023, 2022 & 2021)
JULY 21, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY
PASSENGER COUNT GASOLINE/GAL VS HOTEL OCCUPANCY RATE 66.5% 70.5% 70.7% 63.7% 71.7% 74.0% 77.0% 74.7% 73.2% 80.1% $3.64 $3.70 $3.69 $3.66 $3.66 $4.74 $4.72 $4.71 $4.76 $4.76 $4.82 $4.79 $4.75 $4.75 $4.78 70 80 90 0 MAY 22 MAY 29 JUN 05 JUN 12 JUN 19 MAY 15 JUL 03 JUL 10 $3.65 $3.65 $3.66 $3.71 $3.64 MAY 08 JUN 26 OCCUPANCY RATE NATIONAL GAS PRICE CALIFORNIA GAS PRICE 881,049 944,544 992,569 1,041,342 916,767 958,826 1,003,510 1,001,249 1,049,187 1,030,933 1,014,460 1,079,792 1,014,095 944,146 195,290 495,592 890,185 831,522 783,737 873,422 854,393 847,671 385,396 FEB MAR APR 585,735 MAY 360,402 JUN JUL AUG SEP OCT NOV 227,402 DEC 717,400 841,593 JAN 730,144 2022 2021 2023

JULY 21, 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% 3.0% 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 JAN 6.0% 65.7% FEB 5.0% 66.2% MAR 4.9% 67.6% APR 4.0% 6.4% MAY JUN JUL AUG SEP OCT NOV DEC 74.0% 3.0% 54.9% 68.3% 2023 INFLATION RATE 2023 NEWPORT BEACH HOTEL OCCUPANCY RATE (%) INFLATION RATE VS OCCUPANCY RATE

NEWPORT BEACH & COMPANY VISITATION METRICS

ZARTICO
ZARTICO OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS JULY 09 – JULY 1 5 , 2023
SOURCE:
SOURCE:
JULY 21, 2023, WEEKLY REPORT
VISITATION SPENDING BY CATEGORY JULY 09 – JULY 1 5 , 2023 VISITATION BY ORIGIN MARKET CATEGORY TYPE 40.2% 29.8% 17.4% 3.4% 2.5% 2.4% 1.4% 1.2% 1.1% 0.6% Retail Accommodations Gas & Service Stations Transportation Food Health Nightlife Attractions Business & Professional Outdoor Recreation 22.2% 8.5% 8.2% 6.3% 4.3% 4.1% 3.3% 3.0% 2.6% 2.0% San Diego CA Phoenix AZ San Francisco CA Sacramento CA Los Angeles CA Palm Springs CA New York NY Dallas-Ft. Worth TX Salt Lake City UT Las Vegas NV % OF TOTAL VISITORS BY ORIGIN MARKET

JULY 21, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY

SOURCE: STR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF JUNE 18 , 2023 – JULY 0 9 , 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)
61.1% 65.3% 58.8% 58.9% 67.3% 62.0% 67.4% 65.8% 70.2% 71.2% 66.5% 70.5% 70.7% 63.7% 71.7% 74.0% 77.0% 74.7% 73.2% 80.1% 0 55 110 MAY 21 MAY 28 JUN 04 JUN 11 JUN 18 JUN 25 MAY 14 MAY 07 JUL 02 JUL 09 2022 2023 WEEKLY OCCUPANCY 59.5% 60.0% 81.2% 60.1% 64.0% 74.5% 81.9% 72.6% 77.1% 83.5% 76.1% 81.1% 83.5% 77.4% 55.3% 86.3% 84.8% 68.3% 62.4% 81.9% 84.6% 71.4% 75.0% 85.9% 85.6% 87.6% 80.5% 92.9% JUN 18- JUN 24 JUN 25- JUL 01 JUL 02- JUL 08 JUL 09- JUL 15 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% 73.5% 67.9% 70.1% 68.4% 56.6% 54.9% 65.7% 66.2% 67.6% 68.3% 74.0% 60.2% APR MAY JAN 52.7% JUN MAR FEB JUL AUG SEP OCT 61.0% NOV DEC 64.2% 37.5% 2022 2023 2021

JULY 21, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

HOTEL PERFORMANCE: ADR

SOURCE: STR NEWPORT
DAILY ADR
DAY OF WEEK (WEEKS OF JUNE 18, 2023 – JULY 0 9 , 2023)
- OVER - YEAR
2023, 2022 & 2021)
BEACH HOTELS
BY
NEWPORT BEACH HOTELS AVERAGE MONTHLY ADR (YEAR
COMPARISON FOR
NEWPORT BEACH HOTELS WEEKLY ADR (2023 v 2022)
WEEKLY ADR ADR BY MONTH $320.29 $335.99 $341.13 $364.98 $364.67 $382.91 $381.25 $397.95 $420.75 $417.73 $331.76 $299.40 $323.41 $296.78 $321.27 $325.91 $346.37 $345.60 $384.75 250 350 400 450 200 JUN 04 MAY 28 JUN 18 MAY 21 JUN 25 $405.86 JUL 02 JUL 09 MAY 14 MAY 07 JUN 11 2022 2023 $329.33 $316.62 $416.10 $351.47 $328.75 $333.22 $426.78 $353.62 $333.86 $343.78 $432.34 $370.54 $347.06 $340.64 $383.08 $376.47 $347.40 $311.25 $373.84 $375.91 $366.97 $347.45 $396.14 $413.83 $360.63 $407.40 $398.77 $431.61 JUN 18 - JUN 24 JUN 25 - JUL 01 JUL 02 - JUL 08 JUL 09 - JUL 15 $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 $321.16 $379.47 JUN $397.40 $444.09 APR JUL $403.73 MAR $407.58 FEB AUG SEP OCT NOV $308.50 JAN DEC $337.10 MAY 2022 2023 2021

JULY 21, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

HOTEL PERFORMANCE: REVPAR

SOURCE: STR
NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK (WEEKS OF JUNE 18, 2023 – JULY 09, 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 $195.55 $219.44 $200.66 $215.03 $245.59 $237.59 $256.89 $261.66 $295.51 $359 $220.69 $210.95 $228.54 $188.91 $230.37 $241.28 $266.79 $258.06 $386 JUN 11 JUN 18 JUN 04 MAY 28 JUN 25 MAY 21 MAY 14 JUL 03 JUL 09 $297.18 MAY 07 2022 2023 $196.05 $189.97 $338.05 $211.24 $210.49 $248.13 $349.44 $256.55 $257.34 $287.02 $329.19 $300.41 $289.76 $263.60 $211.98 $324.93 $294.70 $212.65 $233.34 $308.04 $310.45 $248.23 $297.11 $355.50 $308.72 $356.82 $321.15 $400.76 JUN 18 - JUN 24 JUN 25 - JUL 01 JUL 02 - JUL 08 JUL 09 - JUL 15 $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 MAR APR $205.89 MAY $198.54 $253.62 JAN $284.44 $326.26 $107.24 JUL AUG SEP OCT NOV DEC $249.49 FEB $169.04 JUN 2022 2023 2021

JULY 21, 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 JUNE 18, 2023 – JULY 09, 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 36.2% 41.6% 42.9% 46.8% 47.6% 48.2% 46.1% 47.3% 53.8% 36.9% 41.1% 41.5% 45.4% 45.2% 48.5% 50.4% 48.6% 53.2% 0 90 JUN 18 JUN 11 JUN 25 JUN 04 MAY 28 JUL 02 JUL 08 47.0% 51.2% MAY 21 MAY 14 MAY 07 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 $641.67 $650.18 $836.00 $785.95 $642.86 $644.81 $842.88 $772.19 $637.47 $637.58 $840.47 $756.97 $644.57 $666.62 $829.37 $758.52 $630.86 $675.19 $814.39 $747.88 $644.49 $742.07 $795.39 $749.70 $641.37 $826.62 $794.33 $735.08 JUN 18 - JUN 24 JUN 25 - JUL 01 JUL 02 - JUL 08 JUL 09 - JUL 15
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 JULY 21, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY SHORT-TERM RENTALS
HOTELS METRICS WEEKLY 66.5% 70.5% 70.7% 63.7% 71.7% 74.0% 77.0% 74.7% 73.2% 80.1% 36.9% 41.1% 41.5% 45.4% 45.2% 48.5% 50.4% 48.6% 53.8% 51.0% 0 100 MAY 14 MAY 21 MAY 28 JUN 04 MAY 07 JUN 18 JUN 25 JUL 02 JUL 09 JUN 11 HOTEL SHORT-TERM RENTAL $331.76$299.40 $323.41 $296.78 $321.27 $325.91 $346.37 $345.60 $405.86 $384.75 $460.73$476.02 $476.82 $553.45 $577.62 $606.67 $640.47 $691.87 $821.83 $785.94 0 850 MAY 14 MAY 21 MAY 28 JUN 04 MAY 07 JUN 18 JUN 25 JUL 02 JUL 09 JUN 11 HOTEL SHORT-TERM RENTAL WEEKLY OCCUPANCY RATE WEEKLY ADR WEEKLY REVPAR $220.69 $210.95 $228.54 $188.91 $230.37 $241.28 $266.79 $258.06 $297.18 $308.20 $179.90$196.27 $204.02 $252.91 $261.50 $295.22 $322.90 $337.54 $437.10 $381.50 0 400 800 MAY 21 MAY 28 MAY 07 JUN 11 JUN 18 JUN 25 JUL 02 JUL 09 MAY 14 JUN 04 HOTEL SHORT-TERM RENTAL
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 JULY 21, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY
RENTALS
HOTELS METRICS MONTHLY 54.9% 65.7% 66.2% 67.6% 68.3% 74.0% 31.1% 38.4% 41.4% 44.2% 39.8% 47.7% 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 $337.10 $394.19 $390.62 $468.00 $464.62 $618.01 0 850 FEB MAR APR MAY JUN JUL JAN SEP OCT NOV DEC $491.16 AUG 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 APR MAY JUN JUL AUG JAN OCT NOV DEC $249.49 $294.88 MAR FEB SEP HOTEL SHORT-TERM RENTAL MONTHLY REVPAR
SHORT-TERM
VS.

JULY 21, 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 RATE FOR MAY 2023)

SAN DIEGO

JULY - SEPTEMBER 2023

• 7/20 – 7/23: COMIC-CON

• 8/27: BIKE THE BAY

• 9/22 – 9/24: NISSAN SUPER GIRL SURF PRO

LOS ANGELES

JUNE - AUGUST 2023

• 6/23 – 8/18: DANCE DTLA

• 7/15 – 7/16: LOTUS FESTIVAL

HUNTINGTON BEACH

JULY - SEPTEMBER 2023

• 7/27 – 8/6: 2023 WALLEX US OPEN OF SURFING

• 9/17: SURF CITY 10

SANTA BARBARA

JULY - AUGUST 2023

• 7/1 – 7/31: SANTA BARBARA WINE

COUNTRY EXPERIENCE

• 7/1 – 7/31: SUMMER ISLAND

GETAWAY

• 8/2 – 8/6: OLD SPANISH DAYS FIESTA

BEACH

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 IRVINE
63.3% BEVERLY
SANTA MONICA $206.54 $203.14 HUNTINGTON
NEWPORT
OCCUPANCY RATE (%) AVERAGE DAILY RATE ($)
DIEGO DANA POINT
LA JOLLA SANTA BARBARA
HILLS PALM SPRINGS ANAHEIM
BEACH
BEACH
LAGUNA
SEPTEMBER
JUNE -

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