Newport Beach & Company's Weekly Insight: March 29

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WEEKLY

Hotel & Short-Term Rentals

MARCH 29 , 2024

INSIGHTS

3,285 # ROOMS OPEN FOR BOOKING

OCCUPANCY RATE +19.6% OCCUPANCY RATE CHANGE $324
DAILY RATE
71.2%
AVERAGE
HOTELS SHORT-TERM RENTALS WEEKLY INSIGHTS | HOTEL & SHORT-TERM RENTALS SOURCE: STR, KEY DATA DASHBOARD
OCCUPANCY RATE 0.0% OCCUPANCY RATE CHANGE $498 AVERAGE DAILY RATE
MARCH 17 - 23, 2024
39.0%
Executive Summary

Hotel Performance: Occupancy

WEEKLY INSIGHTS | HOTEL PERFORMANCE SOURCE: STR
WEEKLY OCCUPANCY (%) OCCUPANCY BY DAY OF THE WEEK (%) MARCH 17 - 23, 2024 68% 67% 65% 65% 64% 75% 70% 60% 60% 60% 62% 61% 67% 67% 78% 71% FEB 3 FEB 10 FEB 17 FEB 24 MAR 2 MAR 9 MAR 16 MAR 23 2023 2024 58% 74% 78% 75% 69% 70% 74% SUN MON TUE WED THU FRI SAT
WEEKLY INSIGHTS | HOTEL PERFORMANCE SOURCE: STR
WEEKLY ADR ($) ADR BY DAY OF THE WEEK ($) MARCH 17 - 23, 2024 $297 $310 $312 $311 $300 $329 $341 $319 $299 $311 $321 $296 $321 $315 $358 $324 FEB 3 FEB 10 FEB 17 FEB 24 MAR 2 MAR 9 MAR 16 MAR 23 2023 2024 $322 $319 $325 $329 $318 $329 $324 SUN MON TUE WED THU FRI SAT
Hotel Performance: Average Daily Rate (ADR)

Short-Term Rental Performance: Occupancy

WEEKLY INSIGHTS | SHORT-TERM RENTAL PERFORMANCE SOURCE: KEY DATA DASHBOARD
WEEKLY OCCUPANCY (%) OCCUPANCY BY DAY OF THE WEEK (%) MARCH 17 - 23, 2024 28% 29% 36% 39% 29% 39% 51% 39% 24% 26% 32% 34% 26% 32% 50% 39% FEB 3 FEB 10 FEB 17 FEB 24 MAR 2 MAR 9 MAR 16 MAR 23 2023 2024 35% 36% 36% 38% 40% 42% 46% SUN MON TUE WED THU FRI SAT

Short-Term Rental Performance:

Average Daily Rate (ADR)

WEEKLY INSIGHTS | SHORT-TERM RENTAL PERFORMANCE SOURCE: KEY DATA DASHBOARD
WEEKLY ADR ($) ADR BY DAY OF THE WEEK ($) MARCH 17 - 23, 2024 $375 $380 $400 $411 $408 $466 $496 $478 $380 $388 $415 $436 $424 $483 $515 $498 FEB 3 FEB 10 FEB 17 FEB 24 MAR 2 MAR 9 MAR 16 MAR 23 2023 2024 $490 $501 $505 $506 $505 $492 $493 SUN MON TUE WED THU FRI SAT

Visitation Metrics

MARCH 17 - 23, 2024

OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS

Los Angeles CA

Phoenix AZ

San Diego CA

San Francisco-Oakland-San Jose CA

Sacramento-Stockton-Modesto CA

Las Vegas NV

Palm Springs CA

Salt Lake City UT

Denver CO

New York NY

20.2% 7.9% 7.7% 6.2% 5.1% 4.0% 3.5% 3.2% 3.1% 1.9%
WEEKLY INSIGHTS | GEOLOCATION DATA SOURCE: ZARTICO

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