JANUARY 8, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY (DECEMBER 24 – DECEMBER 30)
SOURCE: STR, KEY DATA DASHBOARD
JANUARY 8, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY VISITATION METRICS (DECEMBER 24 – DECEMBER 30)
OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS Los Angeles CA
16.8%
San Diego CA
7.4%
Phoenix AZ
7.3%
San Francisco-Oakland-San Jose CA
6.4%
Las Vegas NV
4.7%
Sacramento-Stockton-Modesto CA Salt Lake City UT
3.4%
Dallas-Ft. Worth TX
3.3%
Denver CO New York NY
SOURCE: ZARTICO
4.0%
2.9% 2.4%
JANUARY 8, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY (OCTOBER 28 – DECEMBER 30)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY (%)
70% 61%
65%
72%
72%
68%
68%
74%
62%
66% 56%
57%
57%
61%
50%
56%
52%
42%
47%
OCT 28
NOV 4
NOV 11
NOV 18
NOV 25 2022
DEC 2
DEC 9
DEC 16
DEC 23
DEC 30
2023
DEC 10 - DEC 16
DEC 17 - DEC 23
DEC 24 - DEC 30
60.8%
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%
63.8%
64.5%
66.8%
67.6%
65.5%
56.5%
69.6%
42.1%
DEC 3 - DEC 9
SOURCE: STR
70.3%
79.0%
88.2%
83.5%
74.6%
55.7%
NEWPORT BEACH HOTELS DAILY OCCUPANCY BY DAY OF WEEK (%)
JANUARY 8, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR (OCTOBER 28 – DECEMBER 30)
NEWPORT BEACH HOTELS WEEKLY ADR ($) $396 $375 $353 $319
$352
$320
$309
$306 $312
$313
$305
$320
$315
$306
$301
$291
OCT 28
NOV 4
NOV 11
NOV 18
NOV 25 2022
$335
$306
DEC 2
DEC 9
$294
$293
DEC 16
DEC 23
DEC 30
2023
DEC 3 - DEC 9
SOURCE: STR
DEC 10 - DEC 16
DEC 17 - DEC 23
DEC 24 - DEC 30
$372
$350
$330
$324
$317
$319
$328
$311
$303
$298
$282
$279
$282
$284
$318
$331
$288
$300
$281
$269
$252
$299
$294
$304
$316
$309
$296
$276
NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK ($)
JANUARY 8, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR (OCTOBER 28 – DECEMBER 30)
NEWPORT BEACH HOTELS WEEKLY REVPAR ($)
$224
$221 $188
$203
$224
$224
$220 $199
$217
$209
$176
$203
$165
$173
$191
$147
$179 $162
$123
OCT 28
NOV 4
NOV 11
NOV 18
NOV 25 2022
DEC 2
DEC 9
DEC 16
DEC 23
DEC 30
2023
DEC 10 - DEC 16
DEC 17 - DEC 23
DEC 24 - DEC 30
$226
$218
$205
$189
$170
$158
$170
$161
$137
$119
$105
$116
$114
$109
$203
$213
$193
$203
$184
$152
$208
$106
DEC 3 - DEC 9
SOURCE: STR
$207
$241
$279
$258
$154
$221
NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK ($)
JANUARY 8, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS WEEKLY (OCTOBER 28 – DECEMBER 30) NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY OCCUPANCY (%) 72%
70%
74% 68% 61%
57%
57%
56% 50%
47%
42% 45% 35% 30%
OCT 28
NOV 4
32%
31%
NOV 11
NOV 18
22%
NOV 25 HOTEL
DEC 2
26%
25%
DEC 9
DEC 16
30%
DEC 23
DEC 30
SHORT-TERM RENTAL
NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY ADR ($) $576
$622 $494 $469 $438
$432
$459
$444 $405
$319
OCT 28
$414
$352 $305
$313
$306
NOV 4
NOV 11
NOV 18
$335 $301
$294
$293
DEC 2 DEC 9 SHORT-TERM RENTAL
DEC 16
DEC 23
$291
NOV 25 HOTEL
DEC 30
NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY REVPAR ($) $282
$224
$221
$224 $209
$173
$133
NOV 4
$140
NOV 11
$162
$150
$144 $123
NOV 18
NOV 25 HOTEL
SOURCE: STR, KEY DATA DASHBOARD
$191
$179
$176
$165
OCT 28
$269
$98
$104
$104
DEC 2
DEC 9
DEC 16
SHORT-TERM RENTAL
DEC 23
DEC 30
JANUARY 8, 2024, WEEKLY REPORT
NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS (OCTOBER 28 – DECEMBER 30)
NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY (%)
47%
46%
36%
45%
45%
38% 33%
33%
31%
35%
30%
32%
30%
24%
25% 26%
25%
DEC 9
DEC 16
30%
22%
OCT 28
NOV 4
NOV 11
NOV 18
NOV 25 2022
DEC 2
DEC 23
DEC 30
2023
DEC 3 - DEC 9
SOURCE: KEY DATA DASHBOARD
DEC 10 - DEC 16
DEC 17 - DEC 23
DEC 24 - DEC 30
$572
$578
$583
$575
$582
$571
$571
$555
$531
$504
$470
$460
$440
$449
$448
$440
$421
$394
$383
$386
$390
$394
$385
$379
$378
$377
$371
$382
NEWPORT BEACH SHORT-TERM RENTALS DAILY ADR BY DAY OF WEEK ($)
JANUARY 8, 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