Newport Beach & Company's Weekly Insight: April 12, 2024

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APRIL 12, 2024

Hotel & Short-Term Rentals WEEKLY INSIGHTS
56.4% OCCUPANCY RATE -3.8% OCCUPANCY RATE CHANGE $316 AVERAGE DAILY RATE 3,285 # ROOMS OPEN FOR BOOKING HOTELS SHORT-TERM RENTALS WEEKLY INSIGHTS | HOTEL & SHORT-TERM RENTALS SOURCE: STR, KEY DATA DASHBOARD 45.8% OCCUPANCY RATE -1.7% OCCUPANCY RATE CHANGE $530 AVERAGE DAILY RATE
MARCH 31 – APRIL 6, 2024
Executive Summary

Hotel Performance: Occupancy

WEEKLY INSIGHTS | HOTEL
SOURCE: STR
PERFORMANCE
WEEKLY OCCUPANCY (%) OCCUPANCY BY DAY OF THE WEEK (%) MARCH 31 – APRIL 6, 2024 65% 65% 64% 75% 70% 60% 62% 59% 62% 61% 67% 67% 78% 71% 59% 56% FEB 17 FEB 24 MAR 2 MAR 9 MAR 16 MAR 23 MAR 30 APR 6 2023 2024 37% 48% 60% 68% 62% 60% 60% SUN MON TUE WED THU FRI SAT
WEEKLY INSIGHTS | HOTEL PERFORMANCE SOURCE: STR
WEEKLY ADR ($) ADR BY DAY OF THE WEEK ($) $312 $311 $300 $329 $341 $319 $320 $325 $321 $296 $321 $315 $358 $324 $325 $316 FEB 17 FEB 24 MAR 2 MAR 9 MAR 16 MAR 23 MAR 30 APR 6 2023 2024 $333 $303 $321 $320 $306 $324 $307 SUN MON TUE WED THU FRI SAT MARCH 31 – APRIL 6, 2024
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 (%) 36% 39% 29% 39% 51% 39% 39% 47% 32% 34% 26% 32% 50% 39% 44% 46% FEB 17 FEB 24 MAR 2 MAR 9 MAR 16 MAR 23 MAR 30 APR 6 2023 2024 42% 48% 48% 51% 49% 46% 37% SUN MON TUE WED THU FRI SAT MARCH 31 – APRIL 6, 2024
WEEKLY INSIGHTS | SHORT-TERM RENTAL PERFORMANCE SOURCE: KEY DATA DASHBOARD
WEEKLY ADR ($) ADR BY DAY OF THE WEEK ($) $400 $411 $408 $466 $496 $478 $477 $515 $415 $436 $424 $483 $515 $498 $523 $530 FEB 17 FEB 24 MAR 2 MAR 9 MAR 16 MAR 23 MAR 30 APR 6 2023 2024 $524 $527 $535 $534 $538 $534 $509 SUN MON TUE WED THU FRI SAT MARCH 31 – APRIL 6, 2024
Short-Term Rental Performance: Average Daily Rate (ADR)

Visitation Metrics

OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS

Las Vegas NV

Phoenix AZ

Palm Springs CA

Salt Lake City UT

Sacramento-Stockton-Modesto CA

Denver CO

Fresno-Visalia CA

27.2% 8.6% 8.6% 6.7% 6.4% 4.1% 3.3% 3.2% 2.5%2.0%
Los Angeles CA San Diego CA San Francisco-Oakland-San Jose CA
MARCH 31 – APRIL 6, 2024 WEEKLY INSIGHTS | GEOLOCATION DATA SOURCE: ZARTICO

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