TRANSPORTATION 2023 VS. 2022 ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE 3.7% (JUNE 2023) ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE +4.1% (JUNE 2023 vs. JUNE 2022) NEWPORT BEACH HOTELS (JULY 23 - 29, 2023) NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS) 86.8% NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS 10.9% 2023 vs. 2022 NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE $416.55 # OF HOTEL ROOMS OPEN FOR BOOKING: 2,977 NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE ALL HOTELS (OPEN & CLOSED HOTELS) 78.7%
NEWPORT BEACH SHORT-TERM VACATION RENTALS (JULY 23 - 29, 2023) NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY RATE 56.8% NEWPORT BEACH SHORT-TERM RENTALS WEEKLY AVERAGE RATE $737.00 SOURCE: STR, OCAIR.COM, KEY DATA DASHBOARD , OPENTABLE.COM, BLS.GOV, GOODCARBADCAR.NET ORANGE COUNTY/JOHN WAYNE AIRPORT # OF MONTHLY PASSENGERS JUNE 2023 JUNE 2022 1,059,277 1,001,249 +5.4% US AUTO MARKET SALES BY MONTH JUNE 2023 JUNE 2022 1,369,636 1,091,699 +20.2%
ORANGE COUNTY UNEMPLOYMENT
AUGUST 03, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY
AUGUST 03, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY TRANSPORTATION METRICS
GASOLINE: NATIONAL AVG. VS CALIFORNIA AVG. VS HOTEL OCCUPANCY RATE MAY 2 2 , 2023 – JULY 2 4 , 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 70.7% 63.7% 71.7% 74.0% 77.0% 74.7% 73.2% 80.1% 88.8% 86.8% $3.70 $3.69 $3.66 $3.66 $3.67 $3.71 $4.71 $4.76 $4.76 $4.82 $4.79 $4.75 $4.75 $4.78 $4.82 $4.81 70 80 90 0 MAY 22 MAY 29 $3.66 JUN 05 $3.65 JUN 12 JUN 19 JUN 26 $3.64 JUL 03 JUL 10 JUL 17 JUL 24 $3.71 OCCUPANCY RATE NATIONAL GAS PRICE CALIFORNIA GAS PRICE 881,049 944,544 992,569 1,041,342 1,059,614 916,767 958,826 1,003,5101,001,249 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 227,402 717,400 APR JAN 585,735 MAY 730,144 JUN JUL AUG SEP OCT NOV 841,593 DEC 360,402 2022 2021 2023
AUGUST 03, 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
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
RATE
AUGUST 03, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY VISITATION METRICS
SOURCE: ZARTICO
ZARTICO OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS JULY 23 – 2 9 , 2023
SOURCE:
VISITATION SPENDING BY CATEGORY JULY 23 – 29, 2023 VISITATION BY ORIGIN MARKET CATEGORY TYPE 44.9% 29.8% 10.7% 4.5% 3.3% 1.9% 1.7% 1.3% 1.2% 0.5% Retail Accommodations Transportation Gas & Service Stations Food Outdoor Recreation Attractions Business & Professional Health Nightlife 21.6% 9.8% 7.6% 6.1% 4.6% 3.7% 2.9% 2.9% 2.6% 2.6% San Diego CA Phoenix AZ San Francisco CA Las Vegas NV Los Angeles CA Salt Lake City UT Palm Springs CA Chicago IL New York NY Sacramento CA % OF TOTAL VISITORS BY ORIGIN MARKET
AUGUST 03, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY
HOTEL PERFORMANCE: OCCUPANCY
SOURCE: STR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF JULY 02 - 2 3 , 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)
58.8% 58.9% 67.3% 62.0% 67.4% 65.8% 70.2% 71.2% 75.8% 78.3% 70.7% 63.7% 71.7% 74.0% 77.0% 74.7% 73.2% 80.1% 88.8% 86.7% 0 55 110 JUN 11 JUN 18 JUN 25 MAY 21 JUL 09 JUL 16 JUN 04 MAY 28 JUL 23 JUL 02 2022 2023 WEEKLY OCCUPANCY 81.2% 60.1% 75.9% 78.1% 81.9% 72.6% 86.3% 87.3% 76.1% 81.1% 86.8% 91.4% 55.3% 86.3% 94.1% 88.3% 62.4% 81.9% 91.3% 85.6% 75.0% 85.9% 91.6% 87.9% 80.5% 92.9% 95.3% 89.2% JUL 02- JUL 08 JUL 09- JUL 15 JUL 16- JUL 22 JUL 23- JUL 29 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% APR 60.2% MAR MAY FEB 64.2% 52.7% JUN JAN 37.5% JUL AUG SEP OCT 61.0% NOV DEC 2022 2023 2021
AUGUST 03, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY
HOTEL PERFORMANCE: ADR
SOURCE: STR
NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK (WEEKS OF JULY 02 - 23, 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 $364.98 $364.67 $382.91 $381.25 $397.95 $420.75 $417.73 $439.62 $432.94 $296.78 $321.27 $325.91 $346.37 $345.60 $384.75 $402.85 $416.55 250 350 400 450 200 JUN 18 JUN 11 JUN 04 $405.86 JUL 02 JUL 09 JUL 16 JUL 23 $341.13 $323.41 MAY 28 MAY 21 JUN 25 2022 2023 $416.10 $351.47 $367.02 $369.94 $426.78 $353.62 $376.99 $386.93 $432.34 $370.54 $409.33 $410.48 $383.08 $376.47 $400.55 $403.09 $373.84 $375.91 $390.19 $416.23 $396.14 $413.83 $423.34 $448.72 $398.77 $431.61 $443.57 $474.49 JUL 02 - JUL 08 JUL 09 - JUL 15 JUL 16 - JUL 22 JUL 23 - JUL 29 $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 $337.10 JUN $397.40 $444.09 APR JUL $403.73 MAR $407.58 FEB AUG SEP OCT NOV $308.50 JAN DEC 2022 2023 2021
AUGUST 03, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY
HOTEL PERFORMANCE: REVPAR
SOURCE: STR
NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK (WEEKS OF JULY 02 - 23, 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 $200.66 $215.03 $245.59 $237.59 $256.89 $261.66 $295.51 $297 $338.80 $228.54 $188.91 $230.37 $241.28 $266.79 $258.06 $297.18 $308 $363.63 JUN 04 JUL 03 MAY 28 JUN 25 JUL 09 $357.62 JUN 18 $333.44 JUN 11 JUL 16 JUL 23 MAY 21 2022 2023 $338.05 $211.24 $367.02 $288.88 $349.44 $256.55 $376.99 $337.72 $329.19 $300.41 $409.33 $375.35 $211.98 $324.93 $400.55 $355.88 $233.34 $308.04 $390.19 $356.17 $297.11 $355.50 $423.34 $394.36 $321.15 $400.76 $443.57 $423.06 JUL 02 - JUL 08 JUL 09 - JUL 15 JUL 16 - JUL 22 JUL 23 - JUL 29 $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 $107.24 APR $205.89 MAY $198.54 $253.62 FEB $249.49 $169.04 JUN $284.44 $326.26 JAN JUL AUG SEP OCT NOV DEC 2022 2023 2021
AUGUST 03, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS
SOURCE: KEY DATA DASHBOARD – AIRbnb, VRBO NEWPORT BEACH SHORT-TERM RENTALS DAILY ADR BY DAY OF WEEK (WEEKS OF JUNE 0 2 , 2023 – JULY 2 3 , 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)
WEEKLY ADR REVPAR BY MONTH 42.9% 46.8% 47.6% 48.2% 46.1% 47.3% 53.8% 47.0% 46.0% 47.0% 41.5% 45.4% 45.2% 48.5% 50.4% 48.6% 53.2% 51.2% 52.0% 57.0% 0 90 JUN 18 JUN 04 JUN 25 MAY 28 MAY 21 JUL 02 JUL 08 JUL 16 JUL 23 JUN 11 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 $836.00 $785.95 $742.48 $732.63 $842.88 $772.19 $734.99 $727.21 $840.47 $756.97 $736.75 $730.68 $829.37 $758.52 $732.96 $740.18 $814.39 $747.88 $740.58 $746.38 $795.39 $749.70 $749.05 $750.47 $794.33 $735.08 $762.51 $733.36 JUL 02 - JUL 08 JUL 09 - JUL 15 JUL 16 - JUL 22 JUL 23 - JUL 29
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 AUGUST 03, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY SHORT-TERM RENTALS
HOTELS METRICS WEEKLY 70.7% 63.7% 71.7% 74.0% 77.0% 74.7% 73.2% 80.1% 88.8% 86.8% 41.5% 45.4% 45.2% 48.5% 50.4% 48.6% 53.8% 51.0% 52.0% 56.8% 0 100 MAY 28 JUN 04 JUN 11 JUN 18 MAY 21 JUL 02 JUL 09 JUL 16 JUL 23 JUN 25 HOTEL SHORT-TERM RENTAL $323.41$296.78 $321.27 $325.91 $346.37 $345.60 $405.86 $384.75 $402.85 $416.55 $553.45 $577.62 $606.67 $640.47 $691.87 $821.83 $785.94 $743.92 $737.00 0 850 MAY 28 JUN 04 JUN 11 JUN 18 JUN 25 MAY 21 JUL 09 JUL 16 JUL 23 $476.82 JUL 02 HOTEL SHORT-TERM RENTAL WEEKLY OCCUPANCY RATE WEEKLY ADR WEEKLY REVPAR $228.54 $188.91 $230.37 $241.28 $266.79 $258.06 $297.18 $308.20 $357.60 $361.63 $204.02 $252.91 $261.50 $295.22 $322.90 $337.54 $437.10 $381.50 $384.02 $419.00 0 400 800 JUN 11 JUN 18 JUN 25 MAY 21 JUL 09 JUL 16 JUL 23 JUN 04 MAY 28 JUL 02 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 AUGUST 03, 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.
AUGUST 03, 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 JUNE 2023)
SAN DIEGO
JULY - SEPTEMBER 2023
• 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
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 $337.10 $287.22 $222.75 $402.53 $317.92 $292.19 $767.14 $243.12 $386.89 74.0% 77.9% 84.1% 69.9% 75.9% 80.6% 72.9% 59.4% 78.6% 79.0% 600 160 60.5% SANTA
BEVERLY
LA
IRVINE
SAN
HUNTINGTON
$192.37 NEWPORT
OCCUPANCY RATE (%) AVERAGE DAILY RATE ($)
MONICA ANAHEIM PALM SPRINGS $164.85
HILLS SANTA BARBARA
JOLLA
DANA POINT
DIEGO
BEACH
BEACH