JANUARY 1, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY (DECEMBER 17 – DECEMBER 23)
SOURCE: STR, KEY DATA DASHBOARD
JANUARY 1, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY (OCTOBER 21 – DECEMBER 23)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY (%)
75% 70%
72%
72%
68%
68%
74%
74% 61%
65%
66%
56% 57%
62% 61%
50% 52%
42%
47%
OCT 21
OCT 28
NOV 4
NOV 11
NOV 18 2022
NOV 25
DEC 2
DEC 9
DEC 16
DEC 23
2023
NOV 26 - DEC 2
SOURCE: STR
DEC 3 - DEC 9
DEC 10 - DEC 16
DEC 17 - DEC 23
51.8%
45.0%
39.8%
37.2%
41.4%
40.4%
38.5%
63.8%
64.5%
66.8%
67.6%
65.5%
56.5%
42.1%
69.6%
70.3%
79.0%
88.2%
83.5%
74.6%
55.7%
70.7%
63.5%
67.1%
61.9%
53.3%
43.0%
30.2%
NEWPORT BEACH HOTELS DAILY OCCUPANCY BY DAY OF WEEK (%)
JANUARY 1, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR (OCTOBER 21 – DECEMBER 23)
NEWPORT BEACH HOTELS WEEKLY ADR ($) $375 $353 $328
$319
$352
$320
$309
$306
$324 $312
$313
$305
$320
$315
$306
$306
$301
$291
OCT 21
OCT 28
NOV 4
NOV 11
NOV 18 2022
NOV 25
DEC 2
DEC 9
$294
$293
DEC 16
DEC 23
2023
NOV 26 - DEC 2
SOURCE: STR
DEC 3 - DEC 9
DEC 10 - DEC 16
DEC 17 - DEC 23
$312
$304
$299
$283
$280
$283
$284
$318
$331
$288
$300
$281
$269
$252
$299
$294
$304
$316
$309
$296
$276
$294
$300
$301
$305
$281
$270
$269
NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK ($)
JANUARY 1, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR (OCTOBER 21 – DECEMBER 23)
NEWPORT BEACH HOTELS WEEKLY REVPAR ($)
$243
$224
$224
$221
$241
$188
$203
$224 $199
$217
$176
$209
$203
$165
$173
$147
$179
$162
$123
OCT 21
OCT 28
NOV 4
NOV 11
NOV 18 2022
NOV 25
DEC 2
DEC 9
DEC 16
DEC 23
2023
NOV 26 - DEC 2
SOURCE: STR
DEC 3 - DEC 9
DEC 10 - DEC 16
DEC 17 - DEC 23
$161
$137
$119
$105
$116
$114
$109
$203
$213
$193
$203
$184
$152
$106
$208
$207
$241
$279
$258
$221 $154
$208
$191
$202
$189
$150
$116
$81
NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK ($)
JANUARY 1, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS WEEKLY (OCTOBER 21 – DECEMBER 23) NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY OCCUPANCY (%) 75%
72%
70%
74% 68% 61%
57%
56% 50% 42% 45%
41% 35% 30%
OCT 21
OCT 28
NOV 4
32%
31%
NOV 11
NOV 18 HOTEL
22%
NOV 25
DEC 2
26%
25%
DEC 9
DEC 16
30%
DEC 23
SHORT-TERM RENTAL
NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY ADR ($) $622 $481
$493 $469 $438
$324
OCT 21
$319
OCT 28
$432
$459
$444 $405
$414
$291
$301
$294
$293
NOV 25 DEC 2 SHORT-TERM RENTAL
DEC 9
DEC 16
DEC 23
$352 $305
$313
$306
NOV 4
NOV 11
NOV 18 HOTEL
NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY REVPAR ($) $282 $243
$224
$221
$209 $176
$173
$197 $165
$133
OCT 21
$224
OCT 28
NOV 4
$140
NOV 11
$149
$144 $123
NOV 18 HOTEL
SOURCE: STR, KEY DATA DASHBOARD
$179
$162
NOV 25
$98
$104
$104
DEC 2
DEC 9
DEC 16
SHORT-TERM RENTAL
DEC 23
JANUARY 1, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS (OCTOBER 21 – DECEMBER 23)
NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY (%)
46% 41% 36%
39%
45%
38% 33%
33%
31%
35%
30%
32%
30%
24%
25%
30%
DEC 16
DEC 23
26% 22%
OCT 21
OCT 28
NOV 4
NOV 11
NOV 18 2022
NOV 25
DEC 2
DEC 9
2023
NOV 26 - DEC 2
SOURCE: KEY DATA DASHBOARD
DEC 3 - DEC 9
DEC 10 - DEC 16
DEC 17 - DEC 23
$551
$532
$506
$469
$457
$438
$447
$448
$440
$421
$394
$383
$386
$390
$394
$385
$379
$378
$377
$371
$382
$443
$437
$428
$406
$407
$420
$548
NEWPORT BEACH SHORT-TERM RENTALS DAILY ADR BY DAY OF WEEK ($)
JANUARY 1, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY COMPETITIVE CITY METRICS AND EVENTS NEWPORT BEACH HOTELS COMPETITIVE CITIES - NOV 2023 $700
80%
75.0% 69.5%
$600
62.1%
61.5%
64.0%
63.3% 56.2%
$500
63.5%
60.5%
59.5%
63.3%
60% 50%
$400
NEWPORT BEACH
HUNTINGTON SAN DIEGO BEACH
IRVINE
LA JOLLA
SANTA BARBARA
BEVERLY HILLS
PALM SPRINGS
ANAHEIM
$363
$252
$214
$250
$180 DANA POINT
$271
$354 $184
$242
$316
30%
$100 $-
40%
$643
$300 $200
70%
20% 10%
SANTA MONICA
0%
SOURCE: STR
SAN DIEGO
JANUARY 2024
• 1/6: SAN DIEGO BREW FEST • 1/12 – 1/14: SAN DIEGO RODEO AT PETCO PARK • 1/24 – 1/27: FARMERS INSURANCE OPEN AT TORREY PINES GOLF COURSE LOS ANGELES JANUARY 2024
• 1/1: TOURNAMENT OF ROSES PARADE AND ROSE BOWL • 1/1 – 1/31: THE DR. SEUSS EXPERIENCE AT SANTA MONICA PLACE • 1/27: UNCORKED WINE FESTIVAL
SANTA BARBARA JANUARY 2024
• 1/21: RIDE OF THE VALKYRIES: OPERA AT THE SYMPHONY • 1/22: PRETTY WOMAN: THE MUSICAL LAGUNA BEACH JANUARY 2024
• 1/25: LAGUNA BEACH LIVE! BENEFIT CONCERT WITH JOHN JORGENSON QUINTET