Newport Beach & Company's Weekly Insight: April 5, 2024

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APRIL 5, 2024

Hotel & Short-Term Rentals WEEKLY INSIGHTS
58.7% OCCUPANCY RATE -5.2% OCCUPANCY RATE CHANGE $325 AVERAGE DAILY RATE 3,285 # ROOMS OPEN FOR BOOKING HOTELS
RENTALS
INSIGHTS
STR, KEY DATA
44.2% OCCUPANCY RATE 14.6% OCCUPANCY RATE CHANGE $523 AVERAGE DAILY RATE
MARCH 24 - 30, 2024
SHORT-TERM
WEEKLY
| HOTEL & SHORT-TERM RENTALS SOURCE:
DASHBOARD
Executive Summary

Hotel Performance: Occupancy

|
STR
WEEKLY INSIGHTS
HOTEL PERFORMANCE SOURCE:
WEEKLY OCCUPANCY (%) OCCUPANCY BY DAY OF THE WEEK (%) MARCH 24 - 30, 2024 67% 65% 65% 64% 75% 70% 60% 62% 60% 62% 61% 67% 67% 78% 71% 59% FEB 10 FEB 17 FEB 24 MAR 2 MAR 9 MAR 16 MAR 23 MAR 30 2023 2024 57% 65% 68% 59% 52% 57% 52% SUN MON TUE WED THU FRI SAT
WEEKLY INSIGHTS | HOTEL PERFORMANCE SOURCE: STR
Average Daily Rate (ADR) WEEKLY ADR ($) ADR BY DAY OF THE WEEK ($) MARCH 24 - 30, 2024 $310 $312 $311 $300 $329 $341 $319 $320 $311 $321 $296 $321 $315 $358 $324 $325 FEB 10 FEB 17 FEB 24 MAR 2 MAR 9 MAR 16 MAR 23 MAR 30 2023 2024 $333 $326 $326 $306 $333 $333 $322 SUN MON TUE WED THU FRI SAT
Hotel Performance:

Short-Term Rental Performance: Occupancy

WEEKLY INSIGHTS | SHORT-TERM
KEY DATA DASHBOARD
RENTAL PERFORMANCE SOURCE:
WEEKLY OCCUPANCY (%) OCCUPANCY BY DAY OF THE WEEK (%)
24 - 30, 2024 29% 36% 39% 29% 39% 51% 39% 39% 26% 32% 34% 26% 32% 50% 39% 44% FEB 10 FEB 17 FEB 24 MAR 2 MAR 9 MAR 16 MAR 23 MAR 30 2023 2024 41% 44% 44% 44% 46% 46% 44% SUN MON TUE WED THU FRI SAT
MARCH
WEEKLY INSIGHTS | SHORT-TERM RENTAL PERFORMANCE SOURCE: KEY DATA DASHBOARD
WEEKLY ADR ($) ADR BY DAY OF THE WEEK ($) MARCH 24 - 30, 2024 $380 $400 $411 $408 $466 $496 $478 $477 $388 $415 $436 $424 $483 $515 $498 $523 FEB 10 FEB 17 FEB 24 MAR 2 MAR 9 MAR 16 MAR 23 MAR 30 2023 2024 $511 $510 $522 $523 $531 $533 $524 SUN MON TUE WED THU FRI SAT
Short-Term Rental Performance: Average Daily Rate (ADR)

Visitation Metrics

MARCH 24 - 30, 2024

WEEKLY INSIGHTS | GEOLOCATION DATA

SOURCE: ZARTICO

OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS

Sacramento-Stockton-Modesto CA

Salt Lake City UT

Denver CO

Fresno-Visalia CA

Palm Springs CA

18.9% 8.5% 7.4% 7.0% 5.6% 5.2% 3.1% 2.9% 2.4% 2.3% Los Angeles CA San Diego
Phoenix
Francisco-Oakland-San
CA
AZ San
Jose CA Las Vegas NV

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