JULY 22, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY NEWPORT BEACH HOTELS
ORANGE COUNTY UNEMPLOYMENT
(JULY 10-16, 2022)
(MAY2022)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE
2.4%
OPEN HOTELS (ONLY OPEN HOTELS)
70.5%
(MAY 2022)
(JULY 10-16, 2022)
ALL HOTELS (OPEN & CLOSED HOTELS)
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
66.6%
+25.6%
(JULY 10-16, 2022)
(MAY 2022 vs. MAY 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
+0.1% (JULY 10-16, 2022) 2022 vs. 2021
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$416.93
JOHN WAYNE AIRPORT (SNA) (MAY2021 vs. MAY 2022) ORANGE COUNTY/JOHN WAYNE AIRPORT MONTHLY # OF PASSENGERS MAY 2021 MAY 2022
585,735
1,003,510
# OF HOTEL ROOMS OPEN FOR BOOKING:
3,056 # OF ANTICIPATED ROOMS:
295
CALIFORNIA & LA RESTAURANTS (WEEK OF JULY 14 - 20, 2022)
YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
-0.07% U.S. TOTAL AUTOMOBILE SALES (JUNE 2021 vs. JUNE2022) U.S. MARKET AUTO SALES BY MONTH APR 2021 APR 2022
1,352,285
1,055,089
-0.24%
(WEEK OF JULY 14 - 20, 2022) 2021 vs. 2020
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
92%
87%
(WEEK OF JULY 14 - 20, 2022)
JULY 22, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 & TRANSPORTATION METRICS NATIONAL COVID-19 NEW CASES NATIONAL VS CALIFORNIA (% OF NATIONAL)
Source: CDC
GASOLINE PRICES: NATIONAL AVG. VS CALIFORNIA AVG. JUNE 2021 – JUNE 2022
Source:U.S. Department of Transportation
CANCELLED FLIGHTS: CANCELLED AT ARRIVAL TO LAX AND JWA JANUARY 2021 – MAY 2022
Source:U.S. InflationCalculator
JULY 22, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY ECONOMIC METRICS RATE OF INFLATION BY MONTH JUNE 2021 – JUNE 2022 9.1% 8.5%
8.3%
8.6%
7.9% 7.5%
7.0%
6.8% 6.2% 5.4%
5.4%
JUN…
JUL… AUG 2021 SEP 2021 OCT 2021 NOV 2021 DEC 2021 JAN 2022 FEB 2022 MAR 2022 APR 2022 MAY 2022 JUN 2022
5.3%
5.4%
Source U.S. InflationCalculator
SPEND BY CATEGORY (JUNE) 2021 VS. 2022
Source:Zartico - Visa Vue
NEWPORT BEACH HOTELS REVENUE PER AVAILABLE ROOM YEAR-OVER-YEAR COMPARISON FOR 2020, 2021 & 2022 $284.44
$248.99 $191.99
$206.54
$208.16
$141.42
$169.04
$114.63
$79.98
FEB
$130.46
$166.41
$174.69
$134.15
$102.56 $72.95
$35.37
MAR
APR
MAY
JUN 2020
Source:STR – May 2022
$135.07
$122.87
$181.29
$75.91
$75.46
JAN
$151.26
$107.24
$55.35
$196.74
$198.54
$168.14 $114.90
$205.89
JUL 2021
AUG 2022
SEP
OCT
NOV
DEC
JULY 22, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE (2022 vs. 2021) 72.0%
65.3%
67.1%
65.2% 61.0%
60.2%
58.4% 55.1%
55.0%
MAY 22
MAY 29
67.6%
66.0%
70.5%
70.4%
67.0%
58.3% 61.1%
61.4%
JUN 12
JUN 19
52.0%
56.9%
50.2% 44.4%
45.3%
MAY 01
MAY 08
MAY 15
JUN 05 2021
JUN 26
JUL 03
JUL 10
2022
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF JUNE 19 – JULY 16, 2022) 76.9% 75.9% 73.8% 70.2% 64.7% 55.2% 52.1%
79.5% 70.4% 64.8% 64.9% 63.8% 60.6%
68.1%
66.2% 63.7% 57.7%
54.6%
JUN 19 - JUN 25
80.0% 76.1%
76.00%
JUNE 26 - JUL 2
76.6% 72.7% 76.4% 73.6% 69.6% 66.1%
58.3%
JUNE 3 - 9
June 10 - 16
NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR-OVER-YEAR COMPARISON FOR 2022, 2021 & 2020) 79.7% 71.6% 63.8% 69.1%
52.7%
62.9%
62.7%
61.7%
58.1%
59.8% 53.5%
47.7%
51.5%
52.7%
38.6%
37.5%
60.2%
29.6%
37.3% 30.0%
44.2%
38.2%
43.9%
45.2% 34.3%
27.7%
22.7%
25.0%
13.5%
JAN
FEB
MAR
APR
MAY
JUN 2020
SOURCE: STR-MONTHLYDATATHROUGHMAY 2022
JUL 2021
AUG 2022
SEP
OCT
NOV
DEC
JULY 22, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY HOTEL PERFORMANCE NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE (WEEKS OF MAY 08, 2021 – JULY 1 6 , 2022) $416.93 $403.42 $386.13
$373.14 $331.17
$284.94
MAY 08
$342.67
$369.01
$368.76
$348.05
$326.39
$324.45
$276.42
$280.88
MAY 15
MAY 22
$296.71
$303.06
MAY 29
JUN 05
$388.21
$376.33
$335.54
$294.85
JUN 12
2021
JUN 19
JUN 26
JUL 03
JUL 10
2022
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (WEEKS OF JUNE 19 – JULY 16, 2022) $457.41 $373.69
$340.94 $367.55 $302.85 $348.98 $305.35 $292.80
$448.94
$392.56 $393.38 $380.29 $382.12 $374.20 $349.30
$426.52 $367.71 $305.66 $344.24 $320.85 $306.53
JUN 19 - JUN 25
JUNE 26 - JUL 02
$411.08 $357.21 $355.30 $376.49 $401.53 $349.08 $364.47
JUL 03 - JUL 09
JUL 10 - JUL 16
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR JUNE 2022 (AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR JUNE 2022) 83%
77%
71%
76%
81%
83%
80%
76%
64%
57% 53%
$727 $379
$299
$223
$419
$196
$320
$352
NEWPORT BEACH
HUNTINGTON BEACH
SAN DIEGO
DANA POINT
IRVINE
LA JOLLA
SANTA BARBRA
AVERAGE DAILY RATE ($)
SOURCE: STR – June 2022 Monthly, STR - W/O 7/10
BEVERLY HILLS
OCCUPANCY RATE (%)
$162
$235
$419
PALM SPRINGS
ANAHEIM
SANTA MONICA
JULY 22, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY RESTAURANT & AIRPORT METRICS CALIFORNIA & LA DAILY SEATED DINERS FROM ONLINE, PHONE OR WALK-IN (YEAR-OVER-YEAR PERCENT CHANGE 2022 vs. 2021)
80.00% 60.00% 40.00% 20.00%
0.00% -20.00% -40.00% -60.00% California
Los Angeles
% OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK 89%
89% 88%
87% 86%
86%
86%
85% 84% 83%
83% 82% 80% 79%
MAY 25
JUN 1
JUN 8
JUN 15
CALIFORNIA
JUN 22
JUN 29
JUL 6
LOS ANGELES
ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2022, 2021 & 2020) 916,767 806,386
958,826
1,003,510 890,185
764,506
873,422 831,522
730,144
717,400
854,393
783,737
847,671
585,735 495,592
360,402
385,396
337,981
227,402
181,486
195,290 JAN
25,313 FEB
MAR
APR
239,120
266,986
274,813
307,865
JUL
AUG
SEP
OCT
277,020
231,033
82,342
MAY
JUN 2022
2021
2020
NOV
DEC
JULY 22, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY CALENDAR EVENTS BY MARKET SEASONALITY & EVENTS
WEEK OF
JULY Jun 19
Jun 26
FATHER'S DAY
Jul 03
Jul 10
AUGUST Jul 17
Jul 24
Jul 31
Aug 07
4THOFJULY
FIRESEASON SUMMERBREAK (PEAK SEASON) VEA NEWPORT BEACH GRAND OPENING
NEWPORT BEACH
4THOFJULY FIREWORKS CELEBRATIONS 4THOFJULY FIREWORKS CELEBRATIONS
HUNTINGTON BEACH
26TH ANNUAL SHERMAN GARDENS SUMMER GARDEN PARTY
2022 ANNUAL FLIGHTOF NEWPORTBEACH
71 stANNUAL PIERSWIM
U.S. OPEN SURFING
PAGEANT OFTHE MASTERS
LAGUNA BEACH
4THOFJULY FIREWORKS CELEBRATIONS
ORANGE COUNTYFAIR
COSTA MESA
EVERYBODY CANENJOY POLO (SUNDAYS)
SANTA BARBARA
FOOD&WINE FESTIVAL
SUMMERCONCERT SERIES FEATURING:RODSTEWART/BRANDICARLISLE /RISE AGAINST/BLACK CROWES /JOSHGROBAN/ETC 4THOFJULY FIREWORKS CELEBRATIONS
SUMMERSOULSTICE SANTA MONICA
4THOFJULY FIREWORKS CELEBRATIONS
22NDWOODIESAT THE BEACH
Aug 14
Aug 21