JANUARY 12, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
EXECUTIVE SUMMARY NEWPORT BEACH HOTELS
ORANGE COUNTY UNEMPLOYMENT
(JANUARY 1-8, 2022)
(NOVEMBER 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS)
ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE
( JANUARY 1-8, 2022 )
(NOVEMBER 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
31.2%
4.1%
ALL HOTELS (OPEN & CLOSED HOTELS)
29.5%
+28.2%
( JANUARY 1-8, 2022 )
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
+45.8%
( JANUARY 1-8, 2022 ) 2021 vs. 2020
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$294.86
( JANUARY 1-8, 2022 )
CLOSED HOTELS:
# OF HOTEL ROOMS OPEN FOR BOOKING:
FASHION ISLAND HOTEL
# OF HOTEL ROOMS CLOSED:
3,056 295
U.S. TOTAL AUTOMOBILE SALES
(NOVEMBER 2021 vs. NOVEMBER 2020)
JOHN WAYNE AIRPORT (SNA) (OCTOBER 2021 vs. OCTOBER 2019) ORANGE COUNTY/JOHN WAYNE AIRPORT NOTE: COM PARING LAST GOOD YEAR (2019) MONTHLY # OF PASSENGERS W ITH CURRENT YEAR (2021) OCT 2019 OCT 2021
897,873
873,422
NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021)
CALIFORNIA & LA RESTAURANTS (W EEK OF DECEM BER 30, 2021 – JANUARY 5, 2022)
YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
- 16.9%
-39.6%
(W EEK OF DECEM BER 30, 2021–JANUARY 5, 2022) 2021 vs. 2020
(DECEMBER 2020 vs. DECEMBER 2021) U.S. MARKET AUTO SALES BY MONTH DEC 2020 DEC 2021
1,597,958
1,032,349
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
78%
75%
(W EEK OF DECEM BER 30, 2021–JANUARY 5, 2022)
JANUARY 12, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)
(2022 vs. 2021) 61.8%
61.7%
65 55
60%
57.9%
55.9%
53.2%
50.9%
48.8%
51.1%
45.9% 40.6%
45 35
45.5%
41.3%
31.2 34.9%
25
36.9%
35.1%
34.1%
21.1% 26.8%
15 23-O ct
30-O ct
6-Nov
13-Nov
20-Nov
27-Nov
This Year
4-Dec
11-Dec
21.4%
31.1% 23.9%
23.3%
18-Dec
25-Dec
1-Ja n
8-Ja n
Last Year
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF DECEMBER 12, 2021 – JANUARY 8, 2022) DAILY OCCUPANCY RATE (%)
90.0% 80.0% 70.0% 60.0% 50.0%
62.1% 56.6% 57.2% 51.6% 54.2% 47.2% 43.5%
46.8% 43.7% 36.5% 36.1% 45.2% 36.5% 39.2%
40.0%
52.1% 56.8% 48.4% 52.0% 48.2% 48.0% 43.2%
30.0%
32.1% 31.5% 34.5% 32.1% 28.5% 30.0% 29.8%
20.0% 10.0% 0.0% DEC 12-18, 2021
DEC 19-25, 2021 SUN
MON
TUE
DEC 26, 2021-JAN 1, 2022 WED
THU
FRI
JA N 2-8 , 2022
SAT
NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR-OVER-YEAR COMPARISON FOR 2021, 2020 & 2019)
MONTHLY AVERAGE DAILY RATE ($)
100.0% 80.0% 60.0% 40.0%
79.8% 69.1% 68.6% 22.7%
78.7%
75.5%
74.9% 29.6%
20.0%
38.5%
47.7%
30.0%
0.0% JA N
FEB
MAR
52.6%
27.6% 13.5% APR 2021
81.2%
71.8%
MAY
62.6%
37.3%
JU N 2020
85.9% 71.6%
38.2%
JU L 2019
SOURCE: JANUARY 12, 2022, STR.COM: MONTHLY DATA THROUGH NOVEMBER 2021
81.8%
76.2%
78.7%
61.7%
58.1%
59.8%
44.2%
43.9%
45.2%
AUG
SEP
67.6% 53.4%
34.3%
OCT
67.3%
NO V
25.0% DEC
JANUARY 12, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE (WEEKS OF OCTOBER 23 – JANUARY 8, 2021)
AVERAGE WEEKLY RATE ($)
$440.60 439 414
$378.82
388
$361.35
363 337
$306.98
$304.17
312
$305.11
$276.45
286
$299.55
261
23-O ct
$319.90 $286.71 $285.37
$262.17
235
$294.47
$291.00
30-O ct
6-Nov
20-Nov
27-Nov
4-Dec
This Year
$294.86
$284.97 $310.72
$301.32
$294.12 $288.82
$277.20
13-Nov
$312.29
$279.37
11-Dec
$265.66
18-Dec
25-Dec
1-Ja n
8-Ja n
Last Year
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (DECEMBER 12, 2021 – JANUARY 08, 2022) $500
$422 $368 $392 $377 $370 $336 $352 $340 $299 $313 $301 $314 $301 $273 $284
$4 00 $300
$523
$472 $478 $463 $411
$424 $316 $279 $288 $310 $314 $277 $274
$200 $100
22
22
8/ 1/
7/
22
1/
1/
6/
22
22
5/
4/ 1/
1/
22
22
3/
2/ 1/
1/
1/
22
21
1/
1/ /3
12
12
/3
0/
21
21
21
9/
12
/2
12
/2
8/
21
21
7/
/2
12
/2 12
12
/2
5/
6/
21
21
21 12
/2
/2 12
4/
21
3/
21
2/
/2
12
12
/2
1/
21
21 12
/2
0/
21
9/
12
/1
12
/1
21
8/
21
7/
12
/1 12
/1
21
6/
21
5/ /1
12
12
/1
/1
/1
12
12
4/
3/
21
21
$0 2/
AVERAGE DAILY RATE ($)
$600
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR SEPTEMBER 2021 70%
66%
$199
IC A M TA N SA
A
N
O
AH
N
EI
G IN R SP LM
OCCUPANCY RA TE (%)
$337
M
S
$202
H Y ER YL
PA
N
SOURCE: JANUARY 16, 2022, STR.COM
$652
RA
LL A LA SA
AVERAGE DA ILY RATE ($)
$282
JO
E VI N
PO D
A
NA
IR
IN
T
O N SA
TI N N H
U
D
G
IE
TO
G
N
H EA C B T R PO
69%
IL LS
$249
BE V
$148
BA
$371
R
$167
BA
$206
N
EW
57%
49%
…
$312
72%
67%
67%
63%
59%
53%
TA
$700 $600 $500 $4 00 $300 $200 $100 $0
OCCUPANCY RATE (%)
MONTHLY AVERAGE HOTEL RATE ($)
( AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR NOVEMBER 2021)
80% 60% 40% 20 % 0%
JANUARY 12, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
RESTAURANT & AIRPORT METRICS CALIFORNIA & LA DAILY SEATED DINERS FROM ONLINE, PHONE OR WALK-IN 21 8/ 12 /1 21 9 12 /2 /2 1 12 0 /2 /2 1 12 1/2 /2 1 12 2 /2 /2 1 12 3 /2 /2 1 12 4 /2 /2 1 12 5 /2 /2 1 12 6 /2 /2 1 12 7/2 /2 1 12 8 /2 /2 1 12 9 /2 /3 1 12 0 /2 /3 1 1/ 1/2 1/ 1 2 1/ 2 2/ 2 1/ 2 3/ 2 1/ 2 4/ 1/ 2 2 5/ 2 1/ 2 6/ 2 1/ 2 7/ 2 1/ 2 8/ 1/ 2 2 9/ 2 1/ 2 10 / 1/ 2 2 11 /2 2
21
12
/1
7/
12
/1
6/
5/
/1
/1
12
12
% CHANGE IN WEEKLY SEATED DINERS
21
(YEAR-OVER-YEAR PERCENT CHANGE 2022 vs. 2021)
45 25 5 -15 -35 -55 -75 CALIFORNIA RESTAURANTS
LOS ANGELES RESTAURANTS
% OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK
95% 85%
83%
75%
79%
77%
78%
75%
75%
DEC 2 9
JA N 5
85%
85%
82%
81%
90%
85%
82%
65% 66%
55% 45% 35% DEC 1
DEC 8
DEC 15
DEC 2 2
CA LIF ORNIA
JA N 12
LOS A NG ELES
ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2021, 2020 & 2019) 923,403 899,186 942,680 918,810 945,962 942,385
MONTHLY PASSENGER TRAFFIC
1,000,000 900,000 800,000 700,000 600,000
819,358 789,523
730,144 890,185
806,386
585,735
764,506
400,000 195,290
227,402
200,000
831,522 783,737
827,140
891,492
873,422
495,592 385,396
500,000 300,000
859,174 897,873
181,486
337,981
100,000
274,813 239,120 266,986
307,865
277,020
231,033
25,313 82,342
JA N
FEB
MAR
SOURCE: OPENTABLE AND SNA/JWA AIRPORT
APR
MAY 2021
JU N 2020
JU L AUG 2019
SEP
OCT
NO V
DEC
JANUARY 12, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
UNEMPLOYMENT & AUTOMOBILE METRICS 2020-2021 ORANGE COUNTY UNEMPLOYMENT RATE BY MONTH PERCENTAGE RATE (%)
(CALIFORNIA vs. ORANGE COUNTY) 10.0% 8.0% 6.0% 4.0% 2.0% 0.0%
9.3%
9.0%
7.4%
DEC 2020
8.5%
7.3%
JAN 2021
8.3% 8.0% 7.7% 7.6% 7.6% 7.5% 7.5% 7.3% 6.9% 6.5% 6.7% 6.4% 6.2% 6.3% 5.8% 6.0% 5.0% 4.7% 4.1%
FEB 2021
MAR 2021
APR 2021
MAY 2021
CAL IFORNIA
JUN 2021
JUL 2021
AUG 2021
SEP 2021
OCT 2021
NOV 2021
ORANGE COUNTY
2020-2021 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE YOY PERCENT CHANGE (%)
(CALIFORNIA vs. ORANGE COUNTY) DEC 2020 80.0% 60.0% 40.0% 20.0% 0.0% -20.0% -40.0% -60.0%
JAN 2021
FEB 2021
MAR 2021
APR 2021
MAY 2021
JUN 2021
JUL 2021
AUG 2021
SEP 2021
OCT 2021
NOV 2021
62.6% 38.0% 37.5% 47.8% 46.5% 39.1% 44.1% 28.8% 37.0% 27.3% 27.7% 25.1% 24.8% 22.2% 20.2% 20.2%
-34.0% -29.1% -33.9% -32.3% -35.4% -38.8% -41.6% -38.6% CALIFO RN IA
ORAN GE COUN TY
SOURCE: U.S. BUREAU OF LABOR STATISTICS
U.S. AUTOMOBILE SALES BY MONTH # OF AUTOMOBILES SOLD (MILLIONS)
(DECEMBER 2020 – DECEMBER 2021 vs. PRIOR YEAR) 2.0 1.5
1.5 1.5
1.2 1.2
1.3
1.4
1.0
1.5
1.5
1.5
0.9
1.1
1.3 1.2
1.2 1.3
1.1
MAY 2021
JUN 2021
JUL 2021
AUG 2021
1.4
1.3 1.1
1.0
1.3 0.9
1.2
1.5 1.0
0.5
0.5 0.0 DEC 2020
JAN 2021
FEB 2021
MAR 2021
APR 2021
THIS Y EAR
SEP 2021
OCT 2021
LAST YEA R
NEWPORT BEACH & COMPANY 1600 NEWPORT CENTER DRIVE, SUITE 120 NEWPORT BEACH, CA 92660 INFO@VISITNEWPORTBEACH.COM 800-94-COAST © 2021. NEWPORT BEACH & COMPANY
NOV 2021
DEC 2021