Newport Beach & Company's Weekly Insight: May 10,2024

Page 1

Hotel & Short-Term Rentals

MAY 10, 2024

WEEKLY
INSIGHTS

3,260 # ROOMS OPEN FOR BOOKING

29.8%

OCCUPANCY RATE -9.1% OCCUPANCY RATE CHANGE $318 AVERAGE DAILY RATE
63.1%
HOTELS
WEEKLY INSIGHTS | HOTEL & SHORT-TERM RENTALS SOURCE: STR, KEY DATA DASHBOARD
SHORT-TERM RENTALS
OCCUPANCY
OCCUPANCY RATE CHANGE
AVERAGE DAILY RATE
APRIL
RATE -6.7%
$453
Executive Summary
28 – MAY 4, 2024

WEEKLY OCCUPANCY

Hotel Performance: Occupancy

OCCUPANCY BY DAY OF THE WEEK

APRIL 28 – MAY 4, 2024

WEEKLY INSIGHTS | HOTEL PERFORMANCE SOURCE: STR
(%)
(%)
70% 60% 62% 59% 66% 72% 75% 69% 78% 71% 59% 57% 64% 74% 65% 63% MAR 16 MAR 23 MAR 30 APR 6 APR 13 APR 20 APR 27 MAY 4 2023 2024 44% 55% 67% 69% 58% 70% 80% SUN MON TUE WED THU FRI SAT

Hotel Performance:

WEEKLY INSIGHTS | HOTEL PERFORMANCE SOURCE: STR
Average Daily Rate
WEEKLY ADR ($) ADR BY DAY OF THE WEEK ($) $340 $318 $318 $324 $322 $320 $338 $327 $359 $323 $326 $316 $312 $333 $321 $318 MAR 16 MAR 23 MAR 30 APR 6 APR 13 APR 20 APR 27 MAY 4 2023 2024 $301 $312 $298 $308 $320 $328 $346 SUN MON TUE WED THU FRI SAT APRIL 28 – MAY 4, 2024
(ADR)

Short-Term Rental Performance: Occupancy

WEEKLY INSIGHTS | SHORT-TERM RENTAL PERFORMANCE SOURCE: KEY DATA DASHBOARD
WEEKLY
(%) OCCUPANCY
OF
WEEK (%) 51% 39% 39% 47% 36% 33% 32% 32% 50% 39% 44% 46% 29% 31% 29% 30% MAR 16 MAR 23 MAR 30 APR 6 APR 13 APR 20 APR 27 MAY 4 2023 2024 27% 22% 20% 22% 33% 41% 43% SUN MON TUE WED THU FRI SAT APRIL 28 – MAY 4, 2024
OCCUPANCY
BY DAY
THE

Short-Term Rental Performance:

WEEKLY INSIGHTS | SHORT-TERM RENTAL PERFORMANCE SOURCE: KEY DATA DASHBOARD
Average
WEEKLY ADR ($) ADR BY DAY OF THE WEEK ($) $496 $478 $477 $515 $476 $431 $427 $440 $515 $498 $523 $530 $469 $431 $433 $453 MAR 16 MAR 23 MAR 30 APR 6 APR 13 APR 20 APR 27 MAY 4 2023 2024 $434 $425 $412 $434 $459 $480 $477 SUN MON TUE WED THU FRI SAT APRIL 28 – MAY 4, 2024
Daily Rate (ADR)

Visitation Metrics

APRIL 28 – MAY 4, 2024

Los Angeles CA

Phoenix AZ

San Diego CA

San Francisco-Oakland-San Jose CA

Sacramento-Stockton-Modesto CA

Las Vegas NV

Salt Lake City UT

Palm Springs CA

Fresno-Visalia CA

Dallas-Ft. Worth TX

19.6% 11.4% 8.9% 6.5% 5.0% 4.2% 3.7% 3.2% 2.6% 2.1%
WEEKLY INSIGHTS | GEOLOCATION DATA SOURCE: ZARTICO OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.