JANUARY 15, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY (DECEMBER 31 – JANUARY 6)
SOURCE: STR, KEY DATA DASHBOARD
JANUARY 15, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY VISITATION METRICS (DECEMBER 31 – JANUARY 6)
OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS Los Angeles CA
24.7%
San Diego CA
9.0%
Phoenix AZ
8.6%
San Francisco-Oakland-San Jose CA
6.3%
Las Vegas NV
4.7%
Palm Springs CA
3.7%
Sacramento-Stockton-Modesto CA
3.5%
SOURCE: ZARTICO
Dallas-Ft. Worth TX
2.2%
Seattle-Tacoma WA
2.2%
Bakersfield CA
2.0%
JANUARY 15, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY (NOVEMBER 4 – JANUARY 6)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY (%)
61%
72%
72%
68%
68%
74% 62% 66%
56%
61%
50%
57%
57% 56%
52%
43%
42%
47%
40%
NOV 4
NOV 11
NOV 18
NOV 25
DEC 2 2022
DEC 9
DEC 16
DEC 23
DEC 30
JAN 6
2023
DEC 17 - DEC 23
DEC 24 - DEC 30
DEC 31 - JAN 6
42.8%
39.9%
41.2%
38.8%
35.2%
36.1%
66.9%
60.7%
62.3%
62.0%
58.3%
53.6%
49.5%
51.8%
51.9%
45.2%
39.9%
37.3%
41.6%
40.5%
38.5%
DEC 10 - DEC 16
SOURCE: STR
63.8%
64.5%
66.8%
67.6%
65.5%
56.5%
42.1%
NEWPORT BEACH HOTELS DAILY OCCUPANCY BY DAY OF WEEK (%)
JANUARY 15, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR (NOVEMBER 4 – JANUARY 6)
NEWPORT BEACH HOTELS WEEKLY ADR ($) $396 $375 $353 $352
$320 $313
$305
$315
$309
$306
$306
NOV 4
NOV 11
NOV 18
NOV 25
DEC 2
DEC 9 2022
$335
$306 $301
$291
$330
$320
$294
$293
DEC 16
DEC 23
$299
DEC 30
JAN 6
2023
DEC 10 - DEC 16
SOURCE: STR
DEC 17 - DEC 23
DEC 24 - DEC 30
DEC 31 - JAN 6
$297
$292
$292
$303
$321
$349
$406
$372
$349
$330
$324
$317
$319
$328
$311
$303
$298
$282
$279
$282
$284
$318
$331
$288
$300
$281
$269
$252
NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK ($)
JANUARY 15, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR (NOVEMBER 4 – JANUARY 6)
NEWPORT BEACH HOTELS WEEKLY REVPAR ($)
$224 $188
$224
$224
$220 $199
$217
$209
$176
$203
$165
$173
$162
$191
$147
$179
$142
$123
NOV 4
NOV 11
NOV 18
NOV 25
DEC 2 2022
DEC 9
DEC 16
$120
DEC 23
DEC 30
JAN 6
2023
DEC 10 - DEC 16
SOURCE: STR
DEC 17 - DEC 23
DEC 24 - DEC 30
DEC 31 - JAN 6
$127
$116
$121
$118
$113
$126
$272
$226
$217
$205
$189
$170
$158
$170
$161
$137
$119
$105
$116
$114
$109
$203
$213
$193
$203
$184
$152
$106
NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK ($)
JANUARY 15, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS WEEKLY (NOVEMBER 4 – JANUARY 6) NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS WEEKLY OCCUPANCY (%) 72%
74% 68% 61%
57%
57%
56% 50% 42% 45%
30%
NOV 4
32%
31%
NOV 11
NOV 18
22%
NOV 25
DEC 2 HOTEL
26%
25%
DEC 9
DEC 16
43% 47% 34%
30%
DEC 23
DEC 30
JAN 6
SHORT-TERM RENTAL
NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS WEEKLY ADR ($) $579
$622
$495
$494 $438
$432
$459
$444 $405
$414
$352 $305
$313
$306
NOV 4
NOV 11
NOV 18
$291
NOV 25
DEC 2 HOTEL
$301
$294
$293
DEC 9 DEC 16 SHORT-TERM RENTAL
DEC 23
$335
$330
DEC 30
JAN 6
NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS WEEKLY REVPAR ($) $282
$270
$224
$224 $209
$173
$162
NOV 4
$140
NOV 11
$144
$142 $123
NOV 18
NOV 25
$98
$104
$104
DEC 2
DEC 9
DEC 16
HOTEL SOURCE: STR, KEY DATA DASHBOARD
$170 $150
$176 $133
$191
$179
SHORT-TERM RENTAL
DEC 23
DEC 30
JAN 6
JANUARY 15, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS (NOVEMBER 4 – JANUARY 6)
NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY (%)
38% 33%
46%
47%
45%
45%
31%
30%
32%
30%
34%
33% 24%
25%
30%
DEC 16
DEC 23
32%
26% 22%
NOV 4
NOV 11
NOV 18
NOV 25
DEC 2 2022
DEC 9
DEC 30
JAN 6
2023
DEC 10 - DEC 16
SOURCE: KEY DATA DASHBOARD
DEC 17 - DEC 23
DEC 24 - DEC 30
DEC 31 - JAN 6
$434
$439
$447
$475
$517
$549
$568
$573
$581
$586
$578
$585
$575
$575
$555
$531
$504
$470
$460
$440
$449
$448
$440
$421
$394
$383
$386
$390
NEWPORT BEACH SHORT-TERM RENTALS DAILY ADR BY DAY OF WEEK ($)
JANUARY 15, 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