JULY 14, 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
(JULY 3 - 9, 2022)
(MAY 2022)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
(JULY 3 - 9, 2022)
69.7%
ALL HOTELS (OPEN & CLOSED HOTELS)
65.9%
(MAY 2022)
2.4%
+25.6%
(JULY 3 - 9, 2022)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
2.5%
JOHN WAYNE AIRPORT (SNA) (MAY 2022 vs. MAY 2021)
(JULY 3 - 9, 2022) 2022 vs. 2021
ORANGE COUNTY/JOHN WAYNE AIRPORT
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$426.18
(JULY 3 - 9, 2022)
MONTHLY # OF PASSENGERS NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021) MAY 2021 MAY 2022
585,735
1,003,510
NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021)
CLOSED HOTELS:
# OF HOTEL ROOMS OPEN FOR BOOKING:
PENDRY NEWPORT BEACH
# OF HOTEL ROOMS CLOSED:
3,056 295
U.S. TOTAL AUTOMOBILE SALES (JUNE 2021 vs. JUNE 2022)
U.S. MARKET AUTO SALES BY MONTH JUNE 2021 JUNE 2022
1,352,285
(MAY 2022 vs. MAY 2021)
1,055,089
CALIFORNIA & LA RESTAURANTS (WEEK OF JULY 7 - 13, 2022)
YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
-7.58%
-25.74%
(WEEK OF JULY 7 - 13, 2022) 2021 vs. 2020
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
90%
83%
(WEEK OF JUNE 7 – JULY 13, 2022)
JULY 14, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)
(2022 vs. 2021)
75 70 65
65.3 %
67.1 %
65.2 %
60.8 %
60.2 %
61.0 %
58.4 %
60 55.1 %
50 40
55.0 %
67.0 %
69.7 % 65.5 % 68.0 %
67.6 %
58.3 %
62.6 %
61.4 %
61.1 %
55 45
66.0 %
56.9 %
50.2 %
44.5 %
44.4 %
45.3 %
23-APR 30-APR 7-MAY 14-MAY 21-MAY 28-MAY 4-JUN THIS YEAR
11-JUN
18-JUN 25-JUN
2-JUL
9-JUL
LAST YEAR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF JUNE 12 – JULY 6, 2022)
DAILY OCCUPANCY RATE (%)
90.0% 80.0%
62.0% 62.4% 62.3% 56.9%
70.0% 60.0%
79.6% 75.9% 70.4% 73.8% 76.9% 64.9% 70.2% 64.8% 64.7% 63.8% 60.6% 55.2% 54.6% 52.1%
70.9% 64.1%
51.1%
50.0%
80.0% 76.1% 76.0% 66.2% 68.1% 63.7% 57.7%
40.0% 30.0% 20.0% 10.0% 0.0% JUN 12-18, 2022
JUN 19-25, 2022 SUN
MON
TUE
JUN 26 - JUL 2, 2022 WED
THU
FRI
JUN 3 - 9, 2022
SAT
NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR-OVER-YEAR COMPARISON FOR 2022, 2021 & 2020)
MONTHLY AVERAGE DAILY RATE ($)
100.0% 80.0% 60.0% 40.0% 20.0%
69.1%
79.8% 52.7%
63.60%
62.5%
52.6%
62.6%
71.6%
47.7% 29.6%
30.0%
0.0% JAN
58.1%
59.8%
44.2%
43.9%
45.2%
53.4%
51.1%
38.5%
37.5%
22.7%
61.7%
FEB
MAR
27.6% 13.5% APR 2022
MAY
37.3%
JUN 2021
SOURCE: JULY 14 2022, STR.COM: MONTHLY DATA THROUGH APRIL 2022
38.2%
JUL 2020
AUG
SEP
OCT
34.3% NOV
25.0% DEC
JULY 14, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE AVERAGE WEEKLY RATE ($)
(WEEKS OF APRIL 23, 2022 – JULY 9, 2022)
$426.18
440 $390.71 $388.21
$373.14 $371.04
390 $329.60
340
$331.17 $326.39 $318.76
$342.67 $348.05 $368.76
290 $290.00 240
$403.45
$267.72 $284.94 $276.42 $280.88
$324.45
$296.71 $303.06 $294.85
23-APR 30-APR 7-MAY 14-MAY 21-MAY 28-MAY 4-JUN THIS YEAR
$390.79
$335.54
11-JUN 18-JUN 25-JUN
2-JUL
9-JUL
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (JUNE 12 – JULY 9, 2022) [
$436$512 $507$410 $397$389 $392 $390 $456 $378$431 $326 $447 $430 $427$369 $356 $385 $384 $420 $304 $393 $348 $340$413 $355 $375 $420 $304$378$315$360 $329$330$331 $301 $400 $383 $306 $314$316 $373 $310 $322 $364 $377 $299 $362 $308$359 $292$346 $365 $365 $293 $355
$500 $400 $400 $300 $300 $200 $200 $100 $100 $0
65/ /182 / 65/ 22 /193 / 56/ 22 104 / 65/ 22 151 / 65/ 22 126 / 56/ 22 137 / 56/ 22 148 / 65/ 22 159 / 65/ 22 /21 06/ 65/ 22 1271 / 65/ 22 2182 / 65/ 22 2193 / 56/ 22 204 / 65/ 22 25 1/ 56/ 22 226 / 56/ 22 237 / 56/ 22 248 / 56/ 22 259 / 65/ 22 3206 / 5/ 22 72/ 71/ 5/7 22 2/82 / 5/7 22 2/93 / 5/7 22 3/04 / 57/ 22 3/51 / 7/6 22 6// 12/ 2 67/ 2 27/ 2 67/ 2 38/ 2 67/ 2 49/ 22
AVERAGE DAILY RATE ($)
$600 $500
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR FEBRUARY 2022 $800
73%
74%
$265
$203
60%
$600
60%
66%
71%
74%
72%
$416
$178
$285
$331
61%
72%
78%
$213
$411
AVERAGE DAILY RATE ($)
N IC A SA
N TA
M O
H EI M A N A
IN G S P
ER EV B
A LM
LY
SP
R
H IL L
BA A R B
OCCUPANCY RATE (%)
SOURCE: JULY 14, 2022, STR.COM: MONTHLY DATA THROUGH MAY 2022
$221
S
$748
RA
A SA
N TA
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 N E
W P
TO N …
$342
$0
SA
$200
IN E
$400
OCCUPANCY RATE (%)
MONTHLY AVERAGE HOTEL RATE ($)
(AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR MAY 2022)
100% 80% 60% 40% 20% 0%
JULY 14, 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 6/ /22 21 / 6/ 22 22 / 6/ 22 23 6/ /22 24 6/ /22 25 / 6/ 22 26 6/ /22 27 / 6/ 22 28 6 / /2 2 29 6/ /22 30 7/ / 2 2 1/ 2 7/ 2 2/ 2 7/ 2 3/ 2 7/ 2 4/ 2 7/ 2 5/ 2 7/ 2 6/ 2 7/ 2 7/ 2 7/ 2 8/ 2 7/ 2 9/ 2 7/ 2 10 / 7/ 22 11 / 7/ 22 12 / 7/ 22 13 /2 2
2
6/
20
/2
19
18 /
6/
6/
% CHANGE IN WEEKLY SEATED DINERS
22
(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 87%
86%
89%
89%
85%
83%
82%
83%
JUN 1
JUN 8
JUN 15
JUN 22
PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK
95%
86%
88%
79%
80%
JUN 29
JUL 6
90%
85% 75%
83%
65% 55% 45% 35%
CALIFORNIA
JULY 13
LOS ANGELES
ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2022, 2021 & 2020)
MONTHLY PASSENGER TRAFFIC
1,200,000 1,000,000
806,386
730,144 495,592
600,000
717,400
400,000
-
1,003,510
958,826
764,506
800,000
200,000
916,767
783,737
873,422 854,393 847,671
385,396
337,981 195,290 227,402 FEB
831,522
585,735
360,402
JAN
890,185
MAR
25,313 APR
82,342
MAY 2022
181,486
JUN 2021
274,813 239,120 266,986
JUL AUG 2020
SOURCE: OPENTABLE AND SNA/JWA AIRPORT : MONTHLY DATA THROUG MAY 2022
SEP
307,865
OCT
277,020 231,033
NOV
DEC
JULY 14, 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%
8.0% 7.7% 7.6% 7.6% 7.0% 6.5% 5.3% 6.4% 6.1% 6.2% 5.8% 5.8% 5.7% 6.3% 6.0% 5.8% 5.0% 4.6% 4.7% 4.3% 4.1% 4.2% 3.7% 4.9% 3.7% 3.1% 2.7% 2.4%
APR 2021
MAY 2021
JUN 2021
JUL 2021
AUG 2021
SEP 2021
OCT 2021
CALIFORNIA
NOV 2021
DEC 2021
JAN 2022
FEB 2022
MAR 2022
APR 2022
MAY 2022
ORANGE COUNTY
2020-2021 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE YOY PERCENT CHANGE (%)
(CALIFORNIA vs. ORANGE COUNTY)
MAY 2021
JUN 2021
JUL 2021
AUG 2021
SEP 2021
OCT 2021
NOV 2021
DEC 2021
JAN 2022
FEB 2022
MAR 2022
APR 2022
1.5
1.5
MAY 2022
62.6% 59.2% 70.0% 45.6% 47.8% 60.0% 41.1% 46.5% 38.7% 39.1% 38.8% 43.5% 50.0% 37.5% 35.6% 32.2% 28.4% 33.4% 31.7% 20.2% 24.8% 30.5% 23.4% 25.6% 30.4% 40.0% 21.4% 24.6% 17.9% 22.8% 30.0% 20.0% 10.0% 0.0% CALIFORNIA
ORANGE COUNTY
SOURCE: U.S. BUREAU OF LABOR STATISTICS : MONTHLY DATA THROUGH MAY
U.S. AUTOMOBILE SALES BY MONTH
# OF AUTOMOBILES SOLD (MILLIONS)
(DECEMBER 2020 – DECEMBER 2021 VS. PRIOR YEAR) 2.0 1.5
1.1
1.3
1.3 1.1
1.0
1.4 1.0
1.5
1.3 1.0
1.0
1.2
1.0
1.2 1.0
1.3
1.3
1.5
1.0
1.2
1.1
1.3 1.1
0.5 0.0 JUL
AUG
SEP
OCT
NOV
DEC 2022
JAN 2021
FEB
MAR
APR
2020
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