DECEMBER 18, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY (DECEMBER 3 – DECEMBER 9)
SOURCE: STR, KEY DATA DASHBOARD
DECEMBER 18, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY VISITATION METRICS (DECEMBER 3 – DECEMBER 9)
OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS Los Angeles CA
31.1%
San Diego CA
7.5%
San Francisco-Oakland-San Jose CA
6.3%
Phoenix AZ
6.3%
Las Vegas NV
3.2%
Sacramento-Stockton-Modesto CA
3.0%
Salt Lake City UT
2.9%
Palm Springs CA
2.9%
New York NY
2.6%
Fresno-Visalia CA
2.2%
SOURCE: ZARTICO
DECEMBER 18, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY (OCTOBER 7 – DECEMBER 9)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY (%)
76%
75% 70%
72%
72%
68%
68%
74%
74%
71% 67%
61%
65%
66%
56% 57%
50% 52% 47%
OCT 7
OCT 14
OCT 21
OCT 28
NOV 4 2022
NOV 11
NOV 18
NOV 25
DEC 2
DEC 9
2023
NOV 12 - NOV 18
SOURCE: STR
NOV 19 - NOV 25
NOV 26 - DEC 2
DEC 3 - DEC 9
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%
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%
NEWPORT BEACH HOTELS DAILY OCCUPANCY BY DAY OF WEEK (%)
DECEMBER 18, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR (OCTOBER 7 – DECEMBER 9)
NEWPORT BEACH HOTELS WEEKLY ADR ($) $375 $347 $332
$328
$330
$319 $312
$313
$305
$315
$309
$306
$324
$320
$352
$320
$306
$306
$301
$291
OCT 7
OCT 14
OCT 21
OCT 28
NOV 4
NOV 11 2022
NOV 18
NOV 25
DEC 2
DEC 9
2023
NOV 12 - NOV 18
SOURCE: STR
NOV 19 - NOV 25
NOV 26 - DEC 2
DEC 3 - DEC 9
$299
$294
$304
$316
$309
$296
$276
$294
$300
$301
$305
$281
$270
$269
$320
$366
$389
$367
$338
$336
$326
$329
$313
$314
$302
$294
$294
$291
NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK ($)
DECEMBER 18, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR (OCTOBER 7 – DECEMBER 9)
NEWPORT BEACH HOTELS WEEKLY REVPAR ($)
$263 $243
$223 $227
$220
$224
$224
$221
$241
$188
$203
$217
$224 $176
$209
$173
OCT 7
OCT 14
OCT 21
OCT 28
$203
$165 $162
NOV 4 2022
NOV 11
NOV 18
NOV 25
DEC 2
DEC 9
2023
NOV 12 - NOV 18
SOURCE: STR
NOV 19 - NOV 25
NOV 26 - DEC 2
DEC 3 - DEC 9
$208
$207
$241
$279
$258
$221 $154
$208
$191
$202
$189
$150
$116
$81
$154
$230
$243
$142
$136
$134
$193
$261
$227
$201
$238
$221
$181
$136
NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK ($)
DECEMBER 18, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS WEEKLY (OCTOBER 7 – DECEMBER 9) NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY OCCUPANCY (%) 71%
67%
75%
72%
70%
74% 68%
57%
56% 50%
49%
45%
45%
41% 35% 30%
OCT 7
OCT 14
OCT 21
OCT 28
NOV 4 HOTEL
32%
31%
NOV 11
NOV 18
22%
NOV 25
DEC 2
26%
DEC 9
SHORT-TERM RENTAL
NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY ADR ($) $622 $515
$510 $481
$469
$438
$432
$459
$444 $405
$330
OCT 7
$320
OCT 14
$324
OCT 21
$319
OCT 28
$352 $305
NOV 4 HOTEL
$313
$306
NOV 11 NOV 18 SHORT-TERM RENTAL
NOV 25
$291
$301
DEC 2
DEC 9
NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY REVPAR ($) $282 $232 $220
$251
$243
$224
$221 $227
$209
$173
$197
$133
OCT 14
OCT 21
OCT 28
NOV 4 HOTEL
SOURCE: STR, KEY DATA DASHBOARD
$162 $176
$165
OCT 7
$224
$140
NOV 11
$144
NOV 18
SHORT-TERM RENTAL
NOV 25
$98
$104
DEC 2
DEC 9
DECEMBER 18, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS (OCTOBER 7 – DECEMBER 9)
NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY (%) 49%
47%
46% 46%
45%
41% 39%
45%
38%
36% 33%
31%
35%
30%
32%
30%
24% 26% 22%
OCT 7
OCT 14
OCT 21
OCT 28
NOV 4 2022
NOV 11
NOV 18
NOV 25
DEC 2
DEC 9
2023
NOV 12 - NOV 18
SOURCE: KEY DATA DASHBOARD
NOV 19 - NOV 25
NOV 26 - DEC 2
DEC 3 - DEC 9
$413
$405
$399
$404
$400
$398
$413
$443
$437
$428
$406
$407
$420
$548
$627
$650
$647
$648
$645
$592
$525
$502
$477
$448
$429
$440
$430
$437
NEWPORT BEACH SHORT-TERM RENTALS DAILY ADR BY DAY OF WEEK ($)
DECEMBER 18, 2023, 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
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