NEWPORT BEACH ECONOMIC DASHBOARD: August 10, 2023

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AUGUST 10, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY

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 30 – AUGUST 05, 2023) NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS) 82.8% NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS 7.7% 2023 vs. 2022 NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE $428.07 # OF HOTEL ROOMS OPEN FOR BOOKING: 2,977 NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE ALL HOTELS (OPEN & CLOSED HOTELS) 75.1%
NEWPORT BEACH SHORT-TERM VACATION RENTALS (JULY 30 – AUGUST 05, 2023) NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY RATE 55.8% NEWPORT BEACH SHORT-TERM RENTALS WEEKLY AVERAGE RATE $705.00 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 10, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY

TRANSPORTATION METRICS

GASOLINE: NATIONAL AVG. VS CALIFORNIA AVG. VS HOTEL OCCUPANCY RATE MAY 29, 2023 – JULY 3 1 , 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 63.7% 71.7% 74.0% 77.0% 74.7% 73.2% 80.1% 88.8% 86.8% 82.8% $3.70 $3.69 $3.66 $3.66 $3.67 $3.71 $3.86 $4.76 $4.76 $4.82 $4.79 $4.75 $4.75 $4.78 $4.82 $4.81 $4.93 70 80 90 0 $3.66 JUN 05 $3.71 JUN 12 MAY 29 JUN 26 $3.64 JUL 03 JUL 10 JUL 17 JUL 24 JUL 31 JUN 19 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 FEB 385,396 227,402 MAR 717,400 841,593 APR JAN 585,735 MAY 730,144 JUN JUL AUG SEP OCT NOV 360,402 DEC 2022 2021 2023

AUGUST 10, 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 10, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY VISITATION METRICS

ZARTICO
ZARTICO OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS JULY 3 0 – AUGUST 05, 2023
SOURCE:
SOURCE:
VISITATION SPENDING BY CATEGORY JULY 30 – AUGUST 05, 2023 VISITATION BY ORIGIN MARKET CATEGORY TYPE 46.6% 33.1% 5.6% 4.0% 3.0% 2.4% 2.2% 1.5% 0.9% 0.7% Retail Accommodations Gas & Service Stations Outdoor Recreation Food Nightlife Attractions Health Business & Professional Transportation 20.6% 10.0% 7.6% 5.6% 4.5% 4.2% 4.0% 3.2% 2.9% 2.7% San Diego CA Phoenix AZ San Francisco CA Las Vegas NV Los Angeles CA Palm Springs CA Salt Lake City UT Chicago IL Dallas-Ft. Worth TX Sacramento CA % OF TOTAL VISITORS BY ORIGIN MARKET

AUGUST 10, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

HOTEL PERFORMANCE: OCCUPANCY

SOURCE: STR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK ( JULY 30 – AUGUST 05, 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)
58.9% 67.3% 62.0% 67.4% 65.8% 70.2% 71.2% 75.8% 78.3% 76.9% 63.7% 71.7% 74.0% 77.0% 74.7% 73.2% 80.1% 88.8% 86.7% 82.2% 0 55 110 JUN 25 JUN 18 MAY 28 JUL 09 JUL 16 JUL 23 JUL 30 JUN 11 JUN 04 JUL 02 2022 2023 WEEKLY OCCUPANCY 60.1% 75.9% 78.1% 68.8% 72.6% 86.3% 87.3% 73.3% 81.1% 86.8% 91.4% 80.4% 86.3% 94.1% 88.3% 82.6% 81.9% 91.3% 85.6% 86.2% 85.9% 91.6% 87.9% 91.8% 92.9% 95.3% 89.2% 96.8% JUL 09- JUL 15 JUL 16- JUL 22 JUL 23- JUL 29 JUL 30 - AUG 05 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 10, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR

SOURCE: STR NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK ( JULY 30 – AUGUST 05, 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 $446.59 $296.78 $321.27 $325.91 $346.37 $345.60 $384.75 $402.85 $416.55 $428.07 250 350 400 450 200 JUN 04 JUN 11 MAY 28 JUN 25 $405.86 JUL 02 JUL 09 JUL 16 JUL 23 JUL 30 JUN 18 2022 2023 $351.47 $367.02 $369.94 $383.21 $353.62 $376.99 $386.93 $376.83 $370.54 $409.33 $410.48 $414.32 $376.47 $400.55 $403.09 $423.14 $375.91 $390.19 $416.23 $424.40 $413.83 $423.34 $448.72 $468.28 $431.61 $443.57 $474.49 $479.51 JUL 09 - JUL 15 JUL 16 - JUL 22 JUL 23 - JUL 29 JUL 30 - AUG 05 $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 10, 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 $215.03 $245.59 $237.59 $256.89 $261.66 $295.51 $297 $338.80 $343.43 $188.91 $230.37 $241.28 $266.79 $258.06 $297.18 $308 $363.63 $354.58 JUN 25 JUN 04 JUL 03 JUL 09 $357.62 JUN 18 $333.44 JUN 11 JUL 16 JUL 23 JUL 30 MAY 28 2022 2023 $211.24 $367.02 $288.88 $263.62 $256.55 $376.99 $337.72 $276.30 $300.41 $409.33 $375.35 $332.99 $324.93 $400.55 $355.88 $349.30 $308.04 $390.19 $356.17 $365.86 $355.50 $423.34 $394.36 $429.78 $400.76 $443.57 $423.06 $464.22 JUL 09 - JUL 15 JUL 16 - JUL 22 JUL 30 - AUG 05 JUL 23 - JUL 30 $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 10, 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 JULY 09 - 30, 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 46.8% 47.6% 48.2% 46.1% 47.3% 53.8% 47.0% 46.0% 47.0% 49.0% 45.4% 45.2% 48.5% 50.4% 48.6% 53.2% 51.2% 52.0% 57.0% 57.0% 0 90 JUN 04 JUN 25 JUL 02 JUL 08 JUL 16 JUL 23 JUL 30 JUN 18 JUN 11 MAY 28 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 $418.19 $185.43 $176.72 $188.93 $151.99 $205.36 $424.78 150 250 300 350 400 450 100 MAR APR $233.43 $220.88 $347.86 JUN JUL $266.55 $307.81 AUG $238.19 SEP $186.77 FEB $137.18 OCT NOV DEC $195.08 JAN $296.36 $128.19 $123.80 MAY 2022 2023 2021 WEEKLY OCCUPANCY $785.95 $742.48 $732.63 $703.67 $772.19 $734.99 $727.21 $699.00 $756.97 $736.75 $730.68 $710.47 $758.52 $732.96 $740.18 $708.85 $747.88 $740.58 $746.38 $707.94 $749.70 $749.05 $750.47 $710.91 $735.08 $762.51 $733.36 $694.78 JUL 09 - JUL 15 JUL 16 - JUL 22 JUL 23 - JUL 29 JUL 30 - AUG 05
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 10, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS WEEKLY 63.7% 71.7% 74.0% 77.0% 74.7% 73.2% 80.1% 88.8% 86.8% 82.8% 45.4% 45.2% 48.5% 50.4% 48.6% 53.8% 51.0% 52.0% 56.8% 55.8% 0 100 JUN 04 JUN 11 JUN 18 JUN 25 MAY 28 JUL 09 JUL 16 JUL 23 30-Jul JUL 02 HOTEL SHORT-TERM RENTAL $296.78 $321.27 $325.91 $346.37 $345.60 $405.86 $384.75 $402.85 $416.55 $428.07 $553.45$577.62 $606.67 $640.47 $691.87 $821.83 $785.94 $743.92 $737.00 $705.00 0 850 JUN 04 JUN 11 JUN 18 JUN 25 MAY 28 JUL 09 JUL 16 JUL 23 JUL 30 JUL 02 HOTEL SHORT-TERM RENTAL WEEKLY OCCUPANCY RATE WEEKLY ADR WEEKLY REVPAR $188.91$230.37 $241.28 $266.79 $258.06 $297.18 $308.20 $357.60 $361.63 $354.58 $252.91$261.50 $295.22 $322.90 $337.54 $437.10 $381.50 $384.02 $419.00 $394.00 0 400 800 JUN 04 JUN 11 JUN 18 JUN 25 MAY 28 JUL 09 JUL 16 JUL 23 JUL 30 JUL 02 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 AUGUST 10, 2023, WEEKLY REPORT NEWPORT
& 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
BEACH
SHORT-TERM
VS.

AUGUST 10, 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

• 8/01 – 8/20: HOLLYSHORTA FILM

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

• 8/10 – 8/31: REEF & RUN

• 8/10 – 8/31: SUMMER ISLAND

GETAWAY

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

FESTIVAL
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
ANAHEIM
$164.85 BEVERLY
LA
IRVINE DANA
SAN
HUNTINGTON
$192.37 NEWPORT BEACH OCCUPANCY RATE (%) AVERAGE DAILY RATE ($)
MONICA
PALM SPRINGS
HILLS SANTA BARBARA
JOLLA
POINT
DIEGO
BEACH

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