DECEMBER 4, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY (NOVEMBER 19 – NOVEMBER 25)
SOURCE: STR, KEY DATA DASHBOARD
DECEMBER 4, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY VISITATION METRICS (NOVEMBER 19 – NOVEMBER 25)
OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS Los Angeles CA
19.1%
San Diego CA
8.4%
San Francisco CA
7.5%
Phoenix AZ
6.9%
Sacramento CA
4.7%
Las Vegas NV
4.6%
Dallas-Ft. Worth TX
3.3%
Palm Springs CA
2.8%
Fresno-Visalia CA
2.6%
Santa Barbara, CA
2.5%
SOURCE: ZARTICO
DECEMBER 4, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY (SEPTEMBER 23 – NOVEMBER 25)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY (%) 100% 90% 78%
80%
76%
76%
75% 70%
76%
70%
67%
65%
72%
68%
68%
74%
71%
60%
72% 61%
65%
57%
50%
50% 47%
40% SEP 23
SEP 30
OCT 7
OCT 14
OCT 21
OCT 28
2022
2023
NOV 4
NOV 11
NOV 18
NOV 25
NEWPORT BEACH HOTELS DAILY OCCUPANCY BY DAY OF WEEK (%) 90% 80% 70% 60%
10% 0% OCT 29 - NOV 4
SOURCE: STR
NOV 5 - NOV 11
NOV 12 - NOV 18
NOV 19 - NOV 25
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%
79.8%
63.6%
57.8%
41.5%
40.6%
20%
43.8%
30%
58.3%
40%
69.8%
50%
DECEMBER 4, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR (SEPTEMBER 23 – NOVEMBER 25)
NEWPORT BEACH HOTELS WEEKLY ADR ($) $400 $375
$375
$351
$347
$350
$347 $332
$344
$325
$328
$330
$352
$320
$309
$306
$324
$320
$300
$319 $312
$305
OCT 21
OCT 28
NOV 4
2022
2023
$313
$306
NOV 11
NOV 18
$275 $250 $225 $200 SEP 23
SEP 30
OCT 7
OCT 14
NOV 25
NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK ($) $400 $350
$150 $100 OCT 29 - NOV 4
SOURCE: STR
NOV 5 - NOV 11
NOV 12 - NOV 18
NOV 19 - NOV 25
$320
$389
$366
$338
$336
$326
$329
$313
$314
$302
$294
$294
$291
$326
$323
$300
$305
$319
$316
$299
$338
$324
$304
$278
$268
$267
$200
$322
$250
$367
$300
DECEMBER 4, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR (SEPTEMBER 23 – NOVEMBER 25)
NEWPORT BEACH HOTELS WEEKLY REVPAR ($)
$350 $300 $267
$250
$263
$260
$264
$243
$223 $227
$200
$241
$227
$220
$224
$224
$221 $188
$203
$217
$209
$176
NOV 18
NOV 25
$173
$150 $100 $50 SEP 23
SEP 30
OCT 7
OCT 14
OCT 21
OCT 28
2022
2023
NOV 4
NOV 11
NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK ($) $300 $250
$0 OCT 29 - NOV 4
SOURCE: STR
NOV 5 - NOV 11
NOV 12 - NOV 18
NOV 19 - NOV 25
$154
$230
$243
$193 $142
$136
$227
$201
$238
$221
$261
$134
$136
$181
$255
$245 $192
$232
$256
$216
$226
$193
$173
$134
$109
$50
$117
$100
$162
$150
$270
$200
DECEMBER 4, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS WEEKLY (SEPTEMBER 23 – NOVEMBER 25) NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY OCCUPANCY (%)
90% 80%
78%
76% 67%
70%
71%
75%
72%
70%
68%
57%
60%
50%
50% 40%
42%
41%
45%
49%
45%
41% 35%
30%
30%
32%
31%
NOV 11
NOV 18
20% SEP 23
SEP 30
OCT 7
OCT 14 HOTEL
OCT 21
OCT 28
NOV 4
SHORT-TERM RENTAL
NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY ADR ($)
$650
$550 $486
$493
$515
$344
$351
$622
$510 $481
$469
$450
$350
NOV 25
$438
$352
$330
$320
OCT 7
OCT 14 OCT 21 OCT 28 NOV 4 HOTEL SHORT-TERM RENTAL
$324
$319
$432
$459
$305
$313
$306
NOV 11
NOV 18
$250 SEP 23
SEP 30
NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY REVPAR ($)
$350 $300
$267
$282
$260
$250 $200
NOV 25
$232 $205
$220
$251
$243
$224
$221 $227
$202
$150
$209
$173
$197
$144
$165
$100
$133
$140
NOV 4
NOV 11
$176
$50 SEP 23
SEP 30
OCT 7
OCT 14 HOTEL
SOURCE: STR, KEY DATA DASHBOARD
OCT 21
OCT 28
SHORT-TERM RENTAL
NOV 18
NOV 25
DECEMBER 4, 2023, WEEKLY REPORT
NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS (SEPTEMBER 23 – NOVEMBER 25)
NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY (%) 70% 60% 50%
49%
47% 42%
41%
40%
46%
46%
45%
41%
40%
39%
45%
38%
36% 33%
31%
35%
30%
32%
30%
20% SEP 23
SEP 30
OCT 7
OCT 14
OCT 21
OCT 28
2022
2023
NOV 4
NOV 11
NOV 18
NOV 25
NEWPORT BEACH SHORT-TERM RENTALS DAILY ADR BY DAY OF WEEK ($) $700 $600 $500
$100 $0 OCT 29 - NOV 4
SOURCE: KEY DATA DASHBOARD
NOV 5 - NOV 11
NOV 12 - NOV 18
NOV 19 - NOV 25
$630
$652
$648
$649
$646
$593
$527
$477
$448
$429
$440
$430
$437
$454
$454
$440
$415
$404
$406
$424
$446
$451
$435
$419
$425
$425
$200
$452
$300
$502
$400
DECEMBER 4, 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
$221 BEVERLY HILLS
PALM SPRINGS
ANAHEIM
$379
$264
40%
$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