MAY 04, 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
(APRIL 24-30, 2022)
(MARCH 2022)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
(APRIL 24-30, 2022)
65.2%
ALL HOTELS (OPEN & CLOSED HOTELS)
61.6%
(MARCH 2022)
4.9%
+28.4%
(APRIL 24-30, 2022)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
+46.8%
JOHN WAYNE AIRPORT (SNA) (MARCH 2022 vs. MARCH 2021)
(APRIL 24-30, 2022) 2022 vs. 2021
ORANGE COUNTY/JOHN WAYNE AIRPORT
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$316.90
(APRIL 24-30, 2022)
MONTHLY # OF PASSENGERS NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021) MAR 2021 MAR 2022
385,396
916,767
NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021)
CLOSED HOTELS:
# OF HOTEL ROOMS OPEN FOR BOOKING:
PENDRY NEWPORT BEACH
# OF HOTEL ROOMS CLOSED:
3,056 295
U.S. TOTAL AUTOMOBILE SALES (APRIL 2021 vs. APRIL 2022)
U.S. MARKET AUTO SALES BY MONTH APR 2021 APR 2022
1,493,938
(MARCH 2022 vs. MARCH 2021)
643,491
CALIFORNIA & LA RESTAURANTS (WEEK OF APRIL 27 – MAY 5, 2022)
YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
-0.71%
-10.73%
(WEEK OF APRIL 27 – MAY 5, 2022) 2021 vs. 2020
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
95%
88%
(WEEK OF APRIL 20 - 27, 2022)
MAY 04, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)
(2022 vs. 2021)
75 70 65 60 55 50 45 40 35 30 25
68.2 % 54.7 %
56.6 %
66.7 %
64.0 %
59.1 %
56.5 %
62.3 %
65.2 %
61.7 %
60.8 %
42.7 %
44.5 % 44.4 %
49.2 % 54.3 % 33.2 %
30.6 %
30.8 %
30.8 % 33.9 %
38.2 %
53.3 %
42.6 %
12-FEB 19-FEB 26-FEB 5-MAR 12-MAR 19-MAR 26-MAR 2-APR 9-APR 16-APR 23-APR 30-APR THIS YEAR LAST YEAR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF MARCH 27 – APRIL 23, 2022)
DAILY OCCUPANCY RATE (%)
90.0%
73.6% 66.6% 70.9% 64.3% 63.3%
80.0% 70.0%
54.2%
60.0% 50.0%
71.0% 70.1% 65.3% 70.0% 61.3%
59.6% 68.6% 66.1% 60.5% 66.1% 60.4% 50.4%
50.1%
49.2%
43.1%
70.0% 67.8% 67.3% 72.1% 66.3% 62.5%
38.6%
40.0% 30.0% 20.0% 10.0% 0.0% APR 3-9, 2022
APR 10-16, 2022 SUN
MON
TUE
APR 17-23, 2022 WED
THU
FRI
APR 24-30
SAT
NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR-OVER-YEAR COMPARISON FOR 2022, 2021 & 2020)
MONTHLY AVERAGE DAILY RATE ($)
100.0% 80.0% 60.0% 40.0% 20.0%
69.1%
79.8% 52.7% 38.5%
37.5%
22.7%
29.6%
30.0%
0.0% JAN
FEB
47.7%
MAR
52.6%
27.6% 13.5% APR 2022
MAY
62.6%
37.3%
JUN 2021
71.6%
38.2%
JUL 2020
SOURCE: MAY 04, 2022, STR.COM: MONTHLY DATA THROUGH FEBRUARY 2022
61.7%
58.1%
59.8%
44.2%
43.9%
45.2%
AUG
SEP
OCT
53.4%
34.3% NOV
51.1%
25.0% DEC
MAY 04, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE
AVERAGE WEEKLY RATE ($)
(WEEKS OF FEBRUARY 12, 2021 – APRIL 30, 2022)
405 385 365 345 325 305 285 265 245 225
$369.30 $335.55 $334.10 $313.70 $312.46
$309.93
$333.92 $336.60 $329.02
$315.15 $306.73
$316.96
$307.90
$255.43
$274.37 $268.24 $274.78 $265.65 $263.03
$316.90
$287.13 $290.00
$288.79
$267.72
12-FEB 19-FEB 26-FEB 5-MAR 12-MAR 19-MAR 26-MAR 2-APR THIS YEAR
9-APR 16-APR 23-APR 30-APR
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (APRIL 3 - 30, 2022)
22 8/ 2 4/ 2 9/ 4/ 22 10 /2 4/ 2 11 / 4/ 22 12 / 4/ 22 13 / 4/ 22 14 / 4/ 22 15 / 4/ 22 16 / 4/ 22 17 / 4/ 22 18 / 4/ 22 19 / 4/ 22 20 / 4/ 22 21 / 4/ 22 22 / 4/ 22 23 / 4/ 22 24 / 4/ 22 25 / 4/ 22 26 / 4/ 22 27 / 4/ 22 28 / 4/ 22 29 / 4/ 22 30 /2 2
22
4/
4/
7/
22
4/
6/
22
5/
4/
4/
4/
4/
3/
22
AVERAGE DAILY RATE ($)
[
$357 $354 $341 $346 $400 $348 $356 $335 $341 $347 $326 $335 $335 $313 $334 $334 $300 $324 $319 $317 $314 $350 $323 $310 $325 $314 $318 $296$310 $305 $300 $250 $200 $150 $100 $50 $0
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR FEBRUARY 2022 $800
64%
$600
73%
77%
$247
$190
63%
73%
77%
76%
$172
$266
$289
68%
77%
75%
$263
$224
82%
AVERAGE DAILY RATE ($)
SOURCE: MAY 04, 2022, STR.COM: MONTHLY DATA THROUGH MARCH 2022
N IC A
$389
N TA
M O
H EI M SA
P
A LM
SP
R
H YL Y ER EV B
OCCUPANCY RATE (%)
A N A
IN G S
IL L
RA
S
$703
BA A R B
SA
N TA
IN E V
JO LL LA
A D A N
IR
PO IN T
O D IE G N
TI N G H U N
EA C H B T O R
$404
N E
W P
TO N …
$325
$0
SA
$200
A
$400
OCCUPANCY RATE (%)
MONTHLY AVERAGE HOTEL RATE ($)
(AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR MARCH 2022)
100% 80% 60% 40% 20% 0%
MAY 04, 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 4/ 9/ 2 4/ 2 10 / 4/ 22 11 / 4/ 22 12 / 4/ 22 13 / 4/ 22 14 / 4/ 22 15 / 4/ 22 16 / 4/ 22 17 / 4/ 22 18 / 4/ 22 19 / 4/ 22 20 / 4/ 22 21 / 4/ 22 22 / 4/ 22 23 / 4/ 22 24 / 4/ 22 25 / 4/ 22 26 / 4/ 22 27 / 4/ 22 28 / 4/ 22 29 / 4/ 22 30 / 5/ 22 1/ 2 5/ 2 2/ 2 5/ 2 3/ 22
% 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
115% 95%
94%
93%
93%
93%
91%
92%
95%
91%
90%
89%
90%
87%
87%
88%
MAR 16
MAR 23
MAR 30
APR 6
APR 13
APR 20
APR 27
75% 55% 35%
CALIFORNIA
LOS ANGELES
ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC
MONTHLY PASSENGER TRAFFIC
(2022, 2021 & 2020)
1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 -
916,767
890,185
806,386
730,144
764,506 717,400
495,592
831,522
783,737
873,422 854,393 847,671
585,735
385,396 360,402
181,486
337,981 25,313
195,290 227,402 JAN
FEB
MAR
APR
239,120
266,986 274,813
307,865
277,020 231,033
82,342
MAY 2022
JUN 2021
JUL AUG 2020
SOURCE: OPENTABLE AND SNA/JWA AIRPORT : MONTHLY DATA THROUG MARCH 2022
SEP
OCT
NOV
DEC
MAY 04, 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%
8.5%
8.3% 8.0% 7.7% 7.6% 7.6% 7.0% 6.5% 5.3% 6.4% 6.7% 6.4% 6.1% 6.2% 5.8% 5.8% 5.7% 6.3% 6.0% 5.8% 5.0% 4.7% 4.1% 4.2% 3.7% 4.9% 3.7% 3.1%
FEB 2021
MAR 2021
APR 2021
MAY 2021
JUN 2021
JUL 2021
AUG 2021
CALIFORNIA
SEP 2021
OCT 2021
NOV 2021
DEC 2021
JAN 2022
FEB 2022
MAR 2022
ORANGE COUNTY
2020-2021 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE YOY PERCENT CHANGE (%)
(CALIFORNIA vs. ORANGE COUNTY)
MAR 2021 80.0%
APR 2021
MAY 2021
JUN 2021
JUL 2021
AUG 2021
SEP 2021
OCT 2021
NOV 2021
DEC 2021
JAN 2022
FEB 2022
MAR 2022
59.2% 62.6% 38.7% 45.6% 39.1% 46.5% 47.8% 38.8% 38.0% 37.5% 41.1% 43.5% 23.4% 35.6% 32.2% 30.5% 28.4% 30.4% 33.4% 27.3% 20.2% 24.8% 24.6% 22.8%
60.0% 40.0% 20.0% 0.0% -20.0%
-40.0% -29.1% -32.3%
CALIFORNIA
ORANGE COUNTY
SOURCE: U.S. BUREAU OF LABOR STATISTICS : MONTHLY DATA THROUGH MARCH
U.S. AUTOMOBILE SALES BY MONTH
# OF AUTOMOBILES SOLD (MILLIONS)
(DECEMBER 2020 – DECEMBER 2021 vs. PRIOR YEAR) 2.0 1.5
1.5 1.1
1.3 1.2
1.1
1.3
1.1
1.0
1.3
1.4 1.0
1.5
1.3 1.0
1.0
1.2
1.0
0.5
0.5
1.3
1.2
1.5
1.5
1.2
0.5
0.5
0.0 MAY
JUN
JUL
AUG
SEP
OCT 2022
NOV 2021
DEC
JAN
FEB
2020
NEWPORT BEACH & COMPANY 1600 NEWPORT CENTER DRIVE, SUITE 120 NEWPORT BEACH, CA 92660 INFO@VISITNEWPORTBEACH.COM 800-94-COAST © 2021. NEWPORT BEACH & COMPANY
MAR
APR