JANUARY 20, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
EXECUTIVE SUMMARY
NEWPORT BEACH HOTELS
ORANGE COUNTY UNEMPLOYMENT
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS)
ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE
(JANUARY 9-15, 2022)
(NOVEMBER 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
(JANUARY 9-15, 2022)
39.0%
ALL HOTELS (OPEN & CLOSED HOTELS)
36.9%
(NOVEMBER 2021)
4.1%
+28.2%
(JANUARY 9-15, 2022)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
+58.8%
(JANUARY 9-15, 2022) 2021 vs. 2020
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$310.84
(JANUARY 9-15, 2022)
CLOSED HOTELS: FASHION ISLAND HOTEL
JOHN WAYNE AIRPORT (SNA)
(OCTOBER 2021 vs. OCTOBER 2019) ORANGE COUNTY/JOHN WAYNE AIRPORT
MONTHLY # OF PASSENGERS NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021) OCT 2019 OCT 2021
897,873
873,422
NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021)
# OF HOTEL ROOMS OPEN FOR BOOKING:
3,056
# OF HOTEL ROOMS CLOSED:
295
U.S. TOTAL AUTOMOBILE SALES
(DECEMBER 2020 vs. DECEMBER 2021) U.S. MARKET AUTO SALES BY MONTH DEC 2020 DEC 2021
1,597,958
(NOVEMBER 2021 vs. NOVEMBER 2020)
1,032,349
CALIFORNIA & LA RESTAURANTS (WEEK OF JANUARY 13-19, 2022)
YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
- 28.9%
-38.5%
(WEEK OF JANUARY 13-19, 2022) 2021 vs. 2020
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
91%
88%
(WEEK OF JANUARY 13-19, 2022)
JANUARY 20, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)
(2022 vs. 2021)
61.8%
65
50.9%
48.8%
55
60%
57.9%
55.9%
53.2%
50.1%
45.9%
40.6%
45
39% 32.1%
45.5%
35
34.9%
25
36.9%
34.1%
35.1%
21.1% 26.8%
15
30-OCT 6-NOV 13-NOV 20-NOV 27-NOV 4-DEC
21.4%
31.1%
23.9%
24.6%
23.3%
11-DEC 18-DEC 25-DEC
1-JAN
8-JAN
15-JAN
THIS YEAR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF DECEMBER 19, 2021 – JANUARY 15, 2022)
DAILY OCCUPANCY RATE (%)
90.0% 80.0% 70.0% 60.0% 50.0% 40.0%
52.1% 56.8% 48.4% 52.0% 48.2% 48.0% 43.2%
46.8% 43.7% 36.5% 36.1% 45.2% 36.5% 39.2%
30.0%
35.4% 32.1% 31.5% 31.9% 33.5% 28.5% 32.2%
45.4% 41.6% 40.5% 41.0% 34.7% 40.0% 29.9%
JAN 2-8, 2022
JAN 9-15, 2022
20.0% 10.0% 0.0% DEC 19-25, 2021
DEC 26, 2021-JAN 1, 2022 SUN
MON
TUE
WED
THU
FRI
SAT
NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR-OVER-YEAR COMPARISON FOR 2021, 2020 & 2019)
MONTHLY AVERAGE DAILY RATE ($)
100.0% 80.0% 60.0% 40.0%
69.1% 68.6% 22.7%
79.8%
78.7%
74.9% 29.6%
20.0%
38.5%
75.5% 47.7%
30.0%
0.0% JAN
FEB
MAR
81.2%
71.8% 52.6%
27.6% 13.5% APR 2021
MAY
62.6%
37.3%
JUN 2020
85.9% 71.6%
38.2%
JUL 2019
SOURCE: JANUARY 20, 2022, STR.COM: MONTHLY DATA THROUGH DECEMBER 2021
81.8% 61.7%
44.2%
AUG
76.2%
78.7%
58.1%
59.8%
43.9%
45.2%
SEP
67.6%
67.3%
53.4%
OCT
51.5% 34.3% NOV
25.0% DEC
JANUARY 20, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE
AVERAGE WEEKLY RATE ($)
(WEEKS OF OCTOBER 30, 2021 – JANUARY 15, 2022)
485
$448.72
435 $378.82
385 335
$306.98 $285.37 $262.17
285
$286.71 $305.11
$276.45
235
$361.35 $294.47 $312.29 $284.97
$291.00 $319.90 $277.20
$290.86
$310.84
$301.32 $310.72 $294.12 $288.82 $279.37 $265.66 $264.58
30-OCT 6-NOV 13-NOV 20-NOV 27-NOV 4-DEC
11-DEC 18-DEC 25-DEC
THIS YEAR
1-JAN
8-JAN
15-JAN
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (DECEMBER 19, 2021 – JANUARY 15, 2022)
$478 $472 $422 $463 $411 $392 $377 $370 $336 $352 $314$313
$500 $400 $300
$523 $424 $337 $316 $307 $306 $321 $288 $271 $300 $304 $310$295 $303 $274 $270
$200 $100 2 12 /2 1 5/ 2 12 /2 1 6/ 2 12 /2 1 7/ 12 2 /2 1 8/ 2 12 /2 1 9/ 12 2 /3 1 0/ 12 21 /3 1/ 2 1/ 1 1/ 2 1/ 2 2/ 2 1/ 2 3/ 2 1/ 2 4/ 2 1/ 2 5/ 2 1/ 2 6/ 2 1/ 2 7/ 2 1/ 2 8/ 2 1/ 2 9/ 1/ 22 10 /2 1/ 2 11 /2 2 1/ 12 /2 1/ 2 13 /2 2 1/ 14 /2 2 1/ 15 /2 2
21 12
/2
4/
21 12
/2
3/
21
2/
12
/2
1/
12
/2
0/
/2
/1
12
12
21
21
$0 9/
AVERAGE DAILY RATE ($)
$600
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR DECEMBER 2021 $800
61%
52%
$600
69%
59%
48%
50%
62%
60%
73%
62%
67%
$400
SOURCE: JANUARY 20, 2022, STR.COM
N IC A M O N TA SA
SP A LM P
$343
H EI M
R
H YL Y ER EV B
OCCUPANCY RATE (%)
$217
A N A
IN G S
IL L
RA A R B N TA
$187
S
$670
BA
JO LL SA
AVERAGE DAILY RATE ($)
$268
A
$224
LA
IN E V
D A N
A
$148
IR
PO IN T
O
$372
D IE G N
TI N G H U N
EA C H B T O R
$149
N E
W P
$198 TO N …
$340
$0
SA
$200
OCCUPANCY RATE (%)
MONTHLY AVERAGE HOTEL RATE ($)
(AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR DECEMBER 2021)
80% 60% 40% 20% 0%
JANUARY 20, 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 12 /2 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/ 1/ 22 3/ 1/ 22 4/ 1/ 22 5/ 1/ 22 6/ 1/ 22 7/ 2 1/ 2 8/ 1/ 22 9/ 1/ 22 10 1/ /22 11 / 1/ 22 12 / 1/ 22 13 / 1/ 22 14 / 1/ 22 15 / 1/ 22 16 / 1/ 22 17 / 1/ 22 18 / 1/ 22 19 /2 2
% CHANGE IN WEEKLY SEATED DINERS
(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% 75%
90%
85%
82%
79%
85%
82%
65%
77%
78%
75%
75%
DEC 29
JAN 5
88% 91%
85%
66%
55% 45% 35%
DEC 8
DEC 15
DEC 22 CALIFORNIA
JAN 12
JAN 19
LOS ANGELES
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
337,981
100,000
181,486
274,813 239,120 266,986
307,865 277,020
231,033
25,313 82,342
JAN
FEB
MAR
APR
MAY 2021
JUN 2020
JUL AUG 2019
SOURCE: OPENTABLE AND SNA/JWA AIRPORT : MONTHLY DATA THROUGH OCTOBER 2021
SEP
OCT
NOV
DEC
JANUARY 20, 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)
9.3% 9.0% 8.5% 8.3% 8.0% 7.7% 7.6% 7.6% 7.5% 7.5% 7.3% 7.4% 6.9% 7.3% 6.5% 6.7% 6.4% 6.2% 6.3% 5.8% 6.0% 5.0% 4.7% 4.1%
10.0% 8.0% 6.0% 4.0% 2.0% 0.0%
DEC 2020
JAN 2021
FEB 2021
MAR 2021
APR 2021
MAY 2021
CALIFORNIA
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% 20.2% 22.2% 20.2%
-34.0% -29.1% -33.9% -32.3% -35.4% -38.8% -38.6% -41.6% CALIFORNIA
ORANGE COUNTY
SOURCE: U.S. BUREAU OF LABOR STATISTICS : MONTHLY DATA THROUGH NOVEMBER
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
1.5
1.5
1.5 1.1
0.9
1.0
1.3 1.2
1.2 1.3
1.1
1.4
1.3 1.1
1.5
1.3
1.2
1.0
0.9
1.0
OCT
NOV
DEC
0.5
0.5 0.0 DEC
JAN
FEB
MAR
APR
MAY 2021
JUN
JUL
AUG
SEP
2020
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