NEWPORT BEACH ECONOMIC DASHBOARD: September 1, 2023

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SEPTEMBER 01, 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 (AUGUST 20 - 26, 2023) NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS) 67.8% NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS -1.5% 2023 vs. 2022 NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE $376.89 # OF HOTEL ROOMS OPEN FOR BOOKING: 2,977 NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE ALL HOTELS (OPEN & CLOSED HOTELS) 61.4%
ORANGE COUNTY UNEMPLOYMENT
NEWPORT BEACH SHORT-TERM VACATION RENTALS (AUGUST 20 - 26, 2023) NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY RATE 46.7% NEWPORT BEACH SHORT-TERM RENTALS WEEKLY AVERAGE RATE $536.50 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 JULY 2023 JULY 2022 711,671 1,125,419

SEPTEMBER 01, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY

TRANSPORTATION METRICS

GASOLINE: NATIONAL AVG. VS CALIFORNIA AVG. VS HOTEL OCCUPANCY RATE JUNE 19, 2023 – AUGUST 21, 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 77.0% 74.7% 73.2% 80.1% 88.8% 86.8% 82.8% 77.6% 71.9% 67.8% $3.69 $3.66 $3.64 $3.66 $3.67 $3.71 $3.86 $3.94 $3.98 $4.79 $4.75 $4.75 $4.78 $4.82 $4.93 $5.00 $5.08 $5.20 70 80 90 0 JUN 26 JUL 03 JUL 10 JUN 19 $4.81 JUL 24 JUL 31 AUG 07 $3.96 AUG 14 AUG 21 JUL 17 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

SEPTEMBER 01, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

ECONOMIC METRICS

U.S. INFLATION CALCULATOR
U.S. INFLATION CALCULATOR, STR
INFLATION
YOY COMPARISON (2021 – 2023)
SOURCE:
SOURCE:
RATE OF
BY MONTH
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 5.4% 1.4% 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 3.2% 9.1% 2022 2023 2021 INFLATION RATE JAN 6.0% 65.7% FEB 5.0% 66.2% MAR 4.9% 67.6% APR 4.0% 68.3% 6.4% 3.0% 54.9% 74.0% JUN JUL AUG SEP OCT NOV DEC 3.2% 81.4% MAY 2023 INFLATION RATE 2023 NEWPORT BEACH HOTEL OCCUPANCY RATE (%) INFLATION RATE VS OCCUPANCY RATE
RATE

SEPTEMBER 01, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY VISITATION METRICS

ZARTICO
ZARTICO OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS AUGUST 2 0 - 2 6 , 2023
SOURCE:
SOURCE:
VISITATION SPENDING BY CATEGORY AUGUST 2 0 - 2 6 , 2023 VISITATION BY ORIGIN MARKET CATEGORY TYPE 34.6% 27.7% 26.6% 3.1% 2.9% 1.9% 1.3% 1.0% 0.6% 0.4% Accommodations Food Transportation Gas & Service Stations Retail Nightlife Health Outdoor Recreation Business & Professional Attractions 25.1% 9.5% 7.0% 7.0% 5.1% 4.5% 3.5% 2.7% 2.3% 1.8% San Diego CA San Francisco CA Phoenix AZ Las Vegas NV Los Angeles CA Salt Lake City UT Fresno-Visalia CA Palm Springs CA Seattle-Tacoma WA Sacramento CA
% OF TOTAL VISITORS BY ORIGIN MARKET

SEPTEMBER 01, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

HOTEL PERFORMANCE: OCCUPANCY

SOURCE: STR NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEK OF JULY 3 0 – AUGUST 2 0 , 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)
67.4% 65.8% 70.2% 71.2% 75.8% 78.3% 76.9% 68.1% 66.3% 68.8% 77.0% 74.7% 73.2% 80.1% 88.8% 86.7% 82.2% 77.6% 71.9% 67.8% 0 55 110 JUL 09 JUL 16 JUL 23 JUN 18 AUG 06 AUG 13 AUG 20 JUL 02 JUN 25 JUL 30 2022 2023 WEEKLY OCCUPANCY 68.8% 73.1% 57.0% 43.8% 73.3% 74.9% 60.5% 61.0% 80.4% 80.9% 67.5% 68.3% 82.6% 74.4% 80.7% 73.3% 86.2% 73.2% 81.6% 71.0% 91.8% 82.0% 80.2% 74.9% 96.8% 84.7% 75.6% 82.3% JUL 30 - AUG 05 AUG 06 - AUG 12 AUG 13 - AUG 19 AUG 20 - AUG 26 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

SEPTEMBER 01, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

HOTEL PERFORMANCE: ADR

SOURCE: STR NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK (WEEK OF JULY 30 – AUGUST 2 0 , 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 $381.25 $397.95 $420.75 $417.73 $439.62 $432.94 $446.59 $419.27 $396.60 $388.67 $346.37$345.60 $384.75 $402.85 $416.55 $428.07 $412.58 $382.55 $376.89 250 350 400 450 200 JUN 25 $405.86 JUN 18 JUL 09 JUL 16 JUL 23 JUL 30 AUG 06 AUG 13 AUG 20 JUL 02 2022 2023 $383.21 $407.44 $351.97 $386.56 $376.83 $394.16 $365.48 $362.43 $414.32 $405.92 $339.84 $398.99 $423.14 $403.70 $370.23 $364.49 $424.40 $414.80 $374.64 $343.53 $468.28 $424.78 $432.01 $393.25 $479.51 $433.72 $426.67 $389.07 JUL 30 - AUG 05 AUG 06 - AUG 12 AUG 13 - AUG 19 AUG 20 - AUG 26 $243.75 $255.16 $278.18 $296.71 $287.16 $316.50 $397.40 $338.41 $303.37 $311.15 $338.97 $306.70 $320.66 $323.93 $330.92 $341.95 $444.09 $407.58 $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 APR $408.73 JUL $403.73 MAR FEB AUG SEP OCT NOV $308.50 JAN DEC 2022 2023 2021

SEPTEMBER 01, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR

SOURCE: STR
NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK (WEEKS OF JULY 30 - AUGUST 2 0 , 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 $256.89 $261.66 $295.51 $297 $338.80 $343.43 $285.48 $263.09 $267.43 $266.79 $258.06 $297.18 $308 $363.63 $354.58 $320.19 $274.92 $255.53 JUL 09 $357.62 JUL 03 $333.44 JUN 25 JUL 16 JUL 23 JUL 30 AUG 06 AUG 13 AUG 20 JUN 18 2022 2023 $263.62 $297.92 $200.67 $169.41 $276.30 $295.35 $221.01 $221.11 $332.99 $328.28 $229.45 $272.33 $349.30 $300.20 $298.79 $267.25 $365.86 $303.58 $305.62 $243.82 $429.78 $348.52 $346.33 $294.67 $464.22 $367.50 $322.58 $320.14 JUL 30 - AUG 05 AUG 06 - AUG 12 AUG 13 - AUG 19 AUG 20 - AUG 26 $55.35 $75.46 $141.42 $151.26 $284.44 $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 $332.86 MAR $107.24 APR $205.89 MAY $198.54 $253.62 FEB $249.49 $169.04 JUN $326.26 JAN JUL AUG SEP OCT NOV DEC 2022 2023 2021

SEPTEMBER 01, 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 JULY 30 - AUGUST 2 0 , 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 46.1% 47.3% 53.8% 47.0% 46.0% 47.0% 49.0% 44.3% 43.8% 39.8% 50.4% 48.6% 53.2% 51.2% 52.0% 57.0% 57.0% 53.8% 51.9% 46.7% 0 90 JUN 25 JUL 02 JUN 18 JUL 16 JUL 23 JUL 30 AUG 06 AUG 13 AUG 20 JUL 08 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 $424.78 100 150 250 300 350 400 450 MAR $220.88 APR $233.43 $195.08 FEB MAY $347.86 $296.36 $137.18 JUN JAN JUL $266.55 $307.81 AUG $238.19 SEP $186.77 $128.19 $123.80 OCT NOV DEC 2022 2023 2021 WEEKLY OCCUPANCY $703.67 $654.71 $611.18 $552.42 $699.00 $644.74 $608.88 $529.64 $710.47 $624.72 $603.25 $523.79 $708.85 $632.30 $590.86 $526.01 $707.94 $635.97 $592.59 $530.17 $710.91 $639.50 $590.53 $548.09 $694.78 $638.78 $573.57 $545.39 JUL 30 - AUG 05 AUG 06 - AUG 12 AUG 13 - AUG 19 AUG 20 - AUG 26
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 SEPTEMBER 01, 2023, WEEKLY REPORT NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS WEEKLY 77.0% 74.7% 73.2% 80.1% 88.8% 86.8% 82.8% 77.6% 71.9% 67.8% 50.4% 48.6% 53.8% 51.0% 52.0% 56.8% 55.8% 53.8% 51.9% 46.7% 0 100 JUN 18 JUN 25 JUL 02 JUL 09 JUL 16 JUL 23 JUL 30 AUG 06 AUG 13 AUG 20 HOTEL SHORT-TERM RENTAL $346.37$345.60 $405.86 $384.75 $402.85 $416.55 $428.07 $412.58 $382.55 $376.89 $640.47$691.87 $821.83 $785.94 $743.92 $737.00 $705.00 $638.67 $595.49 $536.50 0 850 JUN 18 JUN 25 JUL 02 JUL 09 JUL 16 JUL 23 JUL 30 AUG 06 AUG 13 AUG 20 HOTEL SHORT-TERM RENTAL WEEKLY OCCUPANCY RATE WEEKLY ADR WEEKLY REVPAR $266.79$258.06 $297.18 $308.20 $357.60 $361.63 $354.58 $320.19 $274.92 $255.53 $322.90$337.54 $437.10 $381.50 $384.02 $419.00 $394.00 $343.57 $309.25 $250.78 0 400 800 JUL 09 JUL 16 JUL 23 JUN 18 AUG 06 AUG 13 AUG 20 JUL 02 JUN 25 JUL 30 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 SEPTEMBER 01, 2023, WEEKLY REPORT NEWPORT
& COMPANY
RENTALS
HOTELS METRICS MONTHLY 54.9% 65.7% 66.2% 67.6% 68.3% 74.0% 81.4% 31.1% 38.4% 41.4% 44.2% 39.8% 47.7% 56.8% 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 $337.10 $408.73 $394.19 $390.62 $468.00 $464.62 $750.17 0 850 FEB MAR APR $491.16 MAY JUN JAN AUG SEP OCT NOV DEC $618.01 JUL HOTEL SHORT-TERM RENTAL MONTHLY OCCUPANCY RATE MONTHLY ADR $163.45 $202.61 $214.28 $221.63 $219.32 $249.49 $122.70 $149.77 $192.38 $205.36 $195.23 $294.88 $425.89 0 450 FEB MAR APR MAY JUN JUL JAN SEP OCT NOV DEC $332.86 AUG HOTEL SHORT-TERM RENTAL MONTHLY REVPAR
BEACH
SHORT-TERM
VS.

SEPTEMBER 01, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY

COMPETITIVE CITY METRICS AND EVENTS

NEWPORT BEACH HOTELS COMPETITIVE CITIES FOR AUGUST 2023 (AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR JULY 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 FESTIVAL

HUNTINGTON BEACH

JULY - SEPTEMBER 2023

• 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

SOURCE: STR $408.73 $355.14 $258.61 $493.74 $379.39 $316.65 $816.47 $236.32 $409.69 81.4% 85.6% 87.2% 79.5% 80.0% 85.3% 81.5% 51.7% 79.5% 80.9% 16 240 500 760 DANA POINT $217.29 IRVINE LA JOLLA SANTA BARBARA 60.1% BEVERLY HILLS $151.41 PALM SPRINGS
SANTA
SAN
HUNTINGTON
NEWPORT BEACH OCCUPANCY RATE (%) AVERAGE DAILY RATE ($)
ANAHEIM
MONICA
DIEGO
BEACH

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