NOVEMBER 27, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY (NOVEMBER 12 – NOVEMBER 18)
SOURCE: STR, KEY DATA DASHBOARD
NOVEMBER 27, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY VISITATION METRICS (NOVEMBER 12 – NOVEMBER 18)
OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS Los Angeles CA
20.7%
San Diego CA
9.6%
Phoenix AZ
6.5%
San Francisco CA
6.1%
Las Vegas NV
5.2%
Sacramento CA
3.9%
Palm Springs CA
3.4%
Dallas-Ft. Worth TX
3.0%
Fresno-Visalia CA
2.4%
Santa Barbara, CA
2.1%
SOURCE: ZARTICO
NOVEMBER 27, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY (SEPTEMBER 16 – NOVEMBER 18)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY (%)
78%
78% 77%
76%
76%
76% 71%
75% 74%
67%
65%
72%
72%
68%
68%
NOV 11
NOV 18
70% 61%
65%
57%
SEP 16
SEP 23
SEP 30
OCT 7
OCT 14 2022
OCT 21
OCT 28
NOV 4
2023
OCT 22 - OCT 28
SOURCE: STR
OCT 29 - NOV 4
NOV 5 - NOV 11
NOV 12 - NOV 18
79.4%
72.5%
63.9%
78.6%
75.4%
61.6%
46.9%
78.4%
75.8%
64.1%
76.0%
80.4%
68.3%
57.8%
79.8%
69.8%
63.6%
58.3%
41.5%
40.6%
43.8%
69.2%
71.5%
76.2%
79.4%
77.5%
60.6%
51.4%
NEWPORT BEACH HOTELS DAILY OCCUPANCY BY DAY OF WEEK (%)
NOVEMBER 27, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR (SEPTEMBER 16 – NOVEMBER 18)
NEWPORT BEACH HOTELS WEEKLY ADR ($)
$351
$347
$345
$347 $332
$344
$338
$328
$330
SEP 16
SEP 23
SEP 30
OCT 7
$319
$320
$320
OCT 14
OCT 21
$305
$312
2022
$309
$306
$324
OCT 28
NOV 4
$313
$306
NOV 11
NOV 18
2023
OCT 22 - OCT 28
SOURCE: STR
OCT 29 - NOV 4
NOV 5 - NOV 11
NOV 12 - NOV 18
$329
$313
$314
$302
$294
$294
$291
$326
$323
$300
$305
$319
$316
$299
$338
$324
$304
$278
$322 $268
$267
$307
$303
$331
$329
$321
$334
$303
NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK ($)
NOVEMBER 27, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR (SEPTEMBER 16 – NOVEMBER 18)
NEWPORT BEACH HOTELS WEEKLY REVPAR ($) $271
$267
$263
$260
$264
$252
$243
$223 $227
$227
$220
$224
$224
$221
$241
$188
$203
$217
$209
$173
SEP 16
SEP 23
SEP 30
OCT 7
OCT 14 2022
OCT 21
OCT 28
NOV 4
NOV 11
NOV 18
2023
OCT 29 - NOV 4
$136
NOV 5 - NOV 11
NOV 12 - NOV 18
$261
$227
$201
$238
$221
$181
$255
$245 $192
$232
$256
$216
$173
$270
$226
$193
$162
$134
$109
$117
OCT 22 - OCT 28
SOURCE: STR
$212
$217
$249
$261
$249
$203
$156
NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK ($)
NOVEMBER 27, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS WEEKLY (SEPTEMBER 16 – NOVEMBER 18) NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY OCCUPANCY (%) 77%
78%
76% 67%
71%
75%
72%
70%
68%
57%
45%
42%
41%
45%
49% 41% 35% 30%
SEP 16
SEP 23
SEP 30
OCT 7
OCT 14 HOTEL
OCT 21
OCT 28
NOV 4
32%
31%
NOV 11
NOV 18
SHORT-TERM RENTAL
NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY ADR ($)
$486
$338
SEP 16
$486
$344
SEP 23
$493
$351
SEP 30
$515
$510 $481
$330
OCT 7
$320
OCT 14 HOTEL
$324
$469
$319
OCT 21 OCT 28 SHORT-TERM RENTAL
$459
$438
$432
$305
$313
$306
NOV 4
NOV 11
NOV 18
NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY REVPAR ($) $252
$267
$260
$251 $232
$216
$205
$220
$243
$224
$221 $227
$202
$173
$197 $165
SEP 16
SEP 23
SEP 30
OCT 7
OCT 14 HOTEL
SOURCE: STR, KEY DATA DASHBOARD
OCT 21
$209
OCT 28
SHORT-TERM RENTAL
$133
$140
$144
NOV 4
NOV 11
NOV 18
NOVEMBER 27, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS (SEPTEMBER 16 – NOVEMBER 18)
NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY (%)
49%
47% 45%
42%
40%
42%
41%
41%
46%
45%
38%
36%
41%
39%
33%
31%
35%
32%
30%
SEP 16
SEP 23
SEP 30
OCT 7
OCT 14 2022
OCT 21
OCT 28
NOV 4
NOV 11
NOV 18
2023
OCT 22 - OCT 28
SOURCE: KEY DATA DASHBOARD
OCT 29 - NOV 4
NOV 5 - NOV 11
NOV 12 - NOV 18
$501
$477
$447
$429
$439
$430
$436
$454
$454
$440
$415
$404
$406
$424
$446
$451
$435
$419
$425
$425
$452
$451
$456
$444
$433
$434
$416
$461
NEWPORT BEACH SHORT-TERM RENTALS DAILY ADR BY DAY OF WEEK ($)
NOVEMBER 27, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY COMPETITIVE CITY METRICS AND EVENTS NEWPORT BEACH HOTELS COMPETITIVE CITIES - OCT 2023 $700 $600
80.6%
76.0%
73.4%
71.1%
67.9%
67.7%
$500
90% 78.7%
70.1% 63.0%
59.2%
70%
62.6%
60%
$400 $635
50%
$-
NEWPORT BEACH
HUNTINGTON SAN DIEGO BEACH
DANA POINT
IRVINE
LA JOLLA
SANTA BARBARA
BEVERLY HILLS PALM SPRINGS
ANAHEIM
$379
$264
40%
$221
$273
$300
$188
$100
$210
$254
$322
$409
$300 $200
80%
30% 20% 10%
SANTA MONICA
0%
SOURCE: STR
SAN DIEGO
SEPTEMBER – DECEMBER 2023
• 11/8 – 12: BAY WINE & FOOD FESTIVAL • 11/3 – 12: FLEET WEEK
SANTA BARBARA
SEPTEMBER – DECEMBER 2023
• 11/5: HALF MARATHON • 11/11: 78 YERS OF DIVING & DISCOVERY GALA
LOS ANGELES
SEPTEMBER – DECEMBER 2023
• 10/01 – 12/31: MADE IN LA ACTS OF LIVING • 11/11 – 01/01: ASTRA LUMINA
LAGUNA BEACH
SEPTEMBER – DECEMBER 2023
• 11/03– 05: LAGUNA ART MUSEUM: ART AND NATURE • 11/08 – 12: COAST FILM FESTIVAL