DECEMBER 11, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY (NOVEMBER 26 – DECEMBER 2)
SOURCE: STR, KEY DATA DASHBOARD
DECEMBER 11, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY VISITATION METRICS (NOVEMBER 26 – DECEMBER 2)
OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS Los Angeles CA
17.0%
San Diego CA
9.3%
San Francisco-Oakland-San Jose CA
8.9%
Phoenix AZ
7.4%
Las Vegas NV
5.1%
Sacramento-Stockton-Modesto CA
4.4%
Salt Lake City UT
SOURCE: ZARTICO
2.9%
Palm Springs CA
2.4%
Fresno-Visalia CA
2.2%
Dallas-Ft. Worth TX
2.1%
DECEMBER 11, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY (SEPTEMBER 30 – DECEMBER 2)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY (%)
76%
76%
75% 70%
72%
68%
68%
74%
71% 67%
65%
72% 61%
65%
56% 57%
50% 52% 47%
SEP 30
OCT 7
OCT 14
OCT 21
OCT 28 2022
NOV 4
NOV 11
NOV 18
NOV 25
DEC 2
2023
NOV 5 - NOV 11
SOURCE: STR
NOV 12 - NOV 18
NOV 19 - NOV 25
NOV 26 - DEC 2
70.7%
63.5%
67.09%
61.9%
53.3%
43.0%
30.2%
48.0%
63.0%
62.4%
52.5%
42.0%
40.4%
41.1%
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%
NEWPORT BEACH HOTELS DAILY OCCUPANCY BY DAY OF WEEK (%)
DECEMBER 11, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR (SEPTEMBER 30 – DECEMBER 2)
NEWPORT BEACH HOTELS WEEKLY ADR ($) $375 $351
$347 $332
$328
$330
$319 $312
$313
$305
$315
$309
$306
$324
$320
$352
$320
$306 $291
SEP 30
OCT 7
OCT 14
OCT 21
OCT 28 2022
NOV 4
NOV 11
NOV 18
NOV 25
DEC 2
2023
NOV 5 - NOV 11
SOURCE: STR
NOV 12 - NOV 18
NOV 19 - NOV 25
NOV 26 - DEC 2
$294
$300
$301
$305
$281
$270
$269
$320
$366
$389
$367
$338
$336
$326
$329
$313
$314
$302
$294
$294
$291
$326
$323
$300
$305
$319
$316
$299
NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK ($)
DECEMBER 11, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR (SEPTEMBER 30 – DECEMBER 2)
NEWPORT BEACH HOTELS WEEKLY REVPAR ($)
$263
$260
$243
$223 $227
$227
$220
$188
$203
$224
$224
$221
$241
$217
$176
$209
$165
$173
SEP 30
OCT 7
OCT 14
OCT 21
OCT 28 2022
$162
NOV 4
NOV 11
NOV 18
NOV 25
DEC 2
2023
NOV 5 - NOV 11
SOURCE: STR
NOV 12 - NOV 18
NOV 19 - NOV 25
NOV 26 - DEC 2
$208
$191
$202
$189
$150
$116
$81
$154
$230
$243
$193 $142
$136
$227
$201
$238
$221
$261
$134
$136
$181
$255
$245 $192
$232
$256
$216
$173
NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK ($)
DECEMBER 11, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS WEEKLY (SEPTEMBER 30 – DECEMBER 2) NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY OCCUPANCY (%) 76% 67%
71%
75%
72%
70%
68%
57%
56% 50%
45%
41%
49%
45%
41% 35%
SEP 30
OCT 7
OCT 14
OCT 21
OCT 28 HOTEL
30%
32%
31%
NOV 4
NOV 11
NOV 18
$351
SEP 30
$515
OCT 7
DEC 2
$622
$510 $481
$330
NOV 25
SHORT-TERM RENTAL
NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY ADR ($)
$493
22%
$320
OCT 14
$324
OCT 21
$469
$319
OCT 28 HOTEL
$438
$432
$459
$444
$352 $305
$313
NOV 4 NOV 11 SHORT-TERM RENTAL
$306
NOV 18
$291
NOV 25
DEC 2
NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY REVPAR ($) $282
$260 $232 $220
$251
$243
$224
$221 $227
$202
$209
$173
$197
$162 $176
$165 $133
$140
$144 $98
SEP 30
OCT 7
OCT 14
OCT 21
OCT 28 HOTEL
SOURCE: STR, KEY DATA DASHBOARD
NOV 4
NOV 11
SHORT-TERM RENTAL
NOV 18
NOV 25
DEC 2
DECEMBER 11, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS (SEPTEMBER 30 – DECEMBER 2)
NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY (%) 49%
47% 41%
46% 46%
45%
41%
40%
36%
39%
45%
38% 33%
31%
35% 32%
30%
24%
22%
SEP 30
OCT 7
OCT 14
OCT 21
OCT 28 2022
NOV 4
NOV 11
NOV 18
NOV 25
DEC 2
2023
NOV 5 - NOV 11
SOURCE: KEY DATA DASHBOARD
NOV 12 - NOV 18
NOV 19 - NOV 25
NOV 26 - DEC 2
$443
$437
$428
$406
$407
$420
$548
$627
$650
$647
$648
$645
$592
$525
$502
$477
$448
$429
$440
$430
$437
$454
$454
$440
$415
$404
$406
$424
NEWPORT BEACH SHORT-TERM RENTALS DAILY ADR BY DAY OF WEEK ($)
DECEMBER 11, 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%
78.7%
70.1%
67.7%
$500
90%
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