Newport Beach & Company's Weekly Insight: September 13, 2024

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Hotel & Short-Term Rentals

SEPTEMBER 12, 2024

SEPTEMBER 1 – 7, 2024

3,260 # ROOMS OPEN FOR BOOKING HOTELS

SHORT-TERM RENTALS

62.8% OCCUPANCY RATE +1.2% YEAR-OVER-YEAR OCCUPANCY RATE CHANGE $331 AVERAGE DAILY RATE

39.1% OCCUPANCY RATE +0.4% YEAR-OVER-YEAR OCCUPANCY RATE CHANGE

$561 AVERAGE DAILY RATE

Hotel Performance: Occupancy

WEEKLY OCCUPANCY (%)

JULY 20 JULY 27 AUG 3 AUG 10 AUG 17 AUG 24 AUG 31 SEPT 7

OCCUPANCY BY DAY OF THE WEEK (%)

SEPTEMBER 1 – 7, 2024

Hotel Performance:

Short-Term Rental Performance: Occupancy

WEEKLY OCCUPANCY (%)

JULY 20 JULY 27 AUG 3 AUG 10 AUG 17 AUG 24 AUG 31 SEPT 7

OCCUPANCY BY DAY OF THE WEEK (%)

Short-Term Rental Performance:

Visitation Metrics

SEPTEMBER 1 – 7, 2024

OVERNIGHT VISITATION FROM

Los Angeles CA

San Diego CA

Phoenix AZ

San Francisco-Oakland-San Jose CA

Sacramento-Stockton-Modesto CA

Las Vegas NV

Salt Lake City UT

Palm Springs CA

Dallas-Ft. Worth TX

Fresno-Visalia CA

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