Newport Beach & Company's Weekly Update: May 3, 2024

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Hotel & Short-Term Rentals

MAY 3, 2024

WEEKLY
INSIGHTS

APRIL 21 - 27, 2024

3,260 # ROOMS OPEN FOR BOOKING

28.9%

-12.2% OCCUPANCY
$324 AVERAGE
65.7% OCCUPANCY RATE
RATE CHANGE
DAILY RATE
HOTELS
WEEKLY INSIGHTS | HOTEL & SHORT-TERM RENTALS SOURCE: STR, KEY DATA DASHBOARD
SHORT-TERM RENTALS
OCCUPANCY
AVERAGE DAILY RATE
OCCUPANCY RATE -8.3%
RATE CHANGE $433
Executive Summary

Hotel Performance: Occupancy

WEEKLY OCCUPANCY (%) OCCUPANCY BY DAY OF THE WEEK (%)

APRIL 21 - 27, 2024

WEEKLY INSIGHTS | HOTEL PERFORMANCE SOURCE: STR
75% 70% 60% 62% 59% 66% 72% 75% 67% 78% 71% 59% 57% 64% 74% 66%
9 MAR 16 MAR 23 MAR 30 APR 6 APR 13 APR 20 APR 27 2023 2024 48% 59% 68% 71% 68% 71% 75% SUN MON TUE WED THU FRI SAT
MAR

Hotel Performance:

WEEKLY INSIGHTS | HOTEL PERFORMANCE SOURCE: STR
WEEKLY ADR ($) ADR BY DAY OF THE WEEK ($) $329 $340 $318 $318 $324 $322 $320 $338 $315 $359 $323 $326 $316 $312 $333 $324 MAR 9 MAR 16 MAR 23 MAR 30 APR 6 APR 13 APR 20 APR 27 2023 2024 $299 $302 $316 $312 $336 $348 $341 SUN MON TUE WED THU FRI SAT APRIL 21 - 27, 2024
Average Daily Rate (ADR)

Short-Term Rental Performance: Occupancy

WEEKLY INSIGHTS | SHORT-TERM RENTAL PERFORMANCE SOURCE: KEY DATA DASHBOARD
WEEKLY
OCCUPANCY
39% 51% 39% 39% 47% 36% 33% 32% 32% 50% 39% 44% 46% 29% 31% 29% MAR 9 MAR 16 MAR 23 MAR 30 APR 6 APR 13 APR 20 APR 27 2023 2024 28% 23% 23% 25% 30% 37% 36% SUN MON TUE WED THU FRI SAT APRIL 21 - 27, 2024
OCCUPANCY (%)
BY DAY OF THE WEEK (%)

Short-Term Rental Performance:

WEEKLY INSIGHTS | SHORT-TERM RENTAL PERFORMANCE SOURCE: KEY DATA DASHBOARD
Average
WEEKLY ADR ($) ADR BY DAY OF THE WEEK ($) $466 $496 $478 $477 $515 $476 $431 $427 $483 $515 $498 $523 $530 $469 $431 $433 MAR 9 MAR 16 MAR 23 MAR 30 APR 6 APR 13 APR 20 APR 27 2023 2024 $435 $412 $416 $418 $430 $446 $454 SUN MON TUE WED THU FRI SAT APRIL 21 - 27, 2024
Daily Rate (ADR)

Visitation Metrics

APRIL 21 - 27, 2024

Los Angeles CA

Phoenix AZ

San Francisco-Oakland-San Jose CA

San Diego CA

Las Vegas NV

Sacramento-Stockton-Modesto CA

Palm Springs CA

Salt Lake City UT

Denver CO

Dallas-Ft. Worth TX

17.3% 10.0% 7.9% 7.1% 6.3% 4.2% 3.5% 3.2% 3.0% 2.7%
WEEKLY INSIGHTS | GEOLOCATION DATA SOURCE: ZARTICO OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS

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