ECONOMIC DASHBOARD
BIWEEKLY INSIGHTS: OCTOBER 9, 2023
EXECUTIVE SUMMARY
LAGUNA BEACH HOTELS (SEPTEMBER17-30,2023)
WEEKLY OCCUPANCY RATE
73.9%
WEEKLY OCCUPANCY RATE % CHANGE (OPENHOTELS)
-7.6% (VS. SEPTEMBER 17-30, 2022)
AVERAGE DAILY RATE
$433.40 (VS. SEPTEMBER 3-16, 2022)
$478.80
CLOSED HOTELS: COAST INN ■ HOTEL LAGUNA
LAGUNA BEACH INN TOTAL OPERATING HOTEL ROOMS:
1,212
ORANGE COUNTY UNEMPLOYMENT (JULY2023)
ORANGE COUNTY UNEMPLOYMENT RATE (MONTHLY)
3.6%
ORANGE COUNTY# OF HOSPITALITY & TOURISM EMPLOYEES (% CHANGE MONTHLY)
+S.9% (vs. JULY 2022)
JOHN WAYNE AIRPORT (SNA) (2022vs. 2023)
ORANGE COUNTY/JOHNWAYNE AIRPORT MONTHLY# OF PASSENGERS
JUNE 2023
1,059,277 (y/y +5.4%)
JUNE 2022
1,001,249 (y/y +3.5%)
VISITLAGUNABEACH I BIWEEKLYREPORT2023 l
ECONOMIC DASHBOARD
BIWEEKLY INSIGHTS: OCTOBER 9, 2023
HOTEL PERFORMANCE
LAGUNA BEACH HOTELS WEEKLY OCCUPANCYRATE (2023vs. 2022)
g 95.0% LJJ � 90.0% er: >u 85.0% <! a. ::::> 80.0% u 80.4% u 75.0% � 70.0% LJJ 3: 65.0% 60.0% 7/15/23 g 100.0% LJJ 90.8% 90.0% >- 80.0% u z 70.0% <! a. 60.0% ::::> u 50.0% u 0 40.0% � <( 30.0% 20.0% 10.0% 0.0% g 100.0% LJJ � 90.0% er: 80.0% >u z 70.0% <! a. 60.0% ::::> u 50.0% u 0 LJJ 40.0% \!) <! er: 30.0% LJJ 20.0% � � 10.0% I 0.0% I87.0% 7/22/23
85.3% 83.9% 82.6% 84.3% 80.3% 83.9% 76.8% 76.5% 71.7% 69.0% 7/29/23 8/5/23 8/12/23 8/19/23 8/26/23 9/2/23 9/9/23 9/16/23 �ThisYear LastYear 79.6% 76.9% 9/23/23
BEACH HOTELS DAILYOCCUPANCYRATE BY DAYOF WEEK (WEEKS OFSEPTEMBER 3-SEPTEMBER 30 2023) 85.2% 79.0% 70.5% 71.4% 62.9% 59.4% 55.1% II 86.9% 78.6% 83.6% 79.0% 77.7% 75.2% 72.1% 67.4% 83.3% 81 8% 78.3% • 79.9% 68.2% 68.2% 64.9% 63.0% 77.0% 79.9%9/30/23 87.0% 88.6% September 3-9, 2023 September10-16,2023 September 17-23,2023 September24-30,2023 ■SUN ■ MON ■TUE ■WED ■THU ■FRI ■SAT LAGUNA BEACH HOTELS AVERAGE MONTHLYOCCUPANCYRATE (YEAR-OVER-YEAR COMPARISON FOR 2023, 2022, 2021 & 2020) 79.3% 74.7% 37.3% z Jan Feb Mar Apr May -2023 Jun -2022 Jul Aug Sep Oct Nov Dec 0 -2021 SOURCE: $TR.COM VISITLAGUNA BEACH I BIWEEKLYREPORT 2023 2
LAGUNA
u <t er: Ier: UJ l!) z UJ VI VI � � Iz l: g UJ UJ l!) � z UJ u er: UJ a. u:l� I-0 UJ I� VI C:,: > >VI U <t z l!) <t ....... a. UJ ::::> zu :iu oo VI
DASHBOARD BIWEEKLY INSIGHTS:
ECONOMIC
OCTOBER 9, 2023
COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2023, 2022 & 2021) 1,200,000 1,100,000 1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0 7.5% 6.4% 1.4¾ Jan $4.87 July-24 630,402 195,290 Jan Feb 8.5% 7.9% 6.0% 5.0% 1.7% Feb Mar 1,041,392 1,059,614 944,544 992,569 Mar 1,049,187 1,030,933 831,522 Apr May Jun Jul Aug -2023 -2022 -2021 RATE OF INFLATION BY MONTH YOY COMPARISON (2021-2023) :-100 8.3% 8.6% 8.5% 8.3% .4¾ .4¾ 5.3¾ 5.0% 4.9% 4.2% 4.0% 3.0% 3.2% Apr May Jun Jul Aug -2023 -2022 -2021 1,079,792 1,014,460 873,422 854,393 847,671 783,737 Sep Oct Nov Dec 8.2% 7.7% :-1�:-0% 6.2% .4' Z¾ -:5% Sep Oct Nov Dec
PRICE: NATIONAL AVERAGE VS CALIFORNIA AVERAGE (JULY 24-SEPTEMBER 18, 2023) $4.93 Jul-31 $5.08 $5.00 $3.96 Aug-7 Aug-14 Aug-21 $5.21 • Aug-28 $5.25 • Sep-4 ■ OCCUPANCYRATE(%) e CALIFORNIAGAS PRICE eNATIONAL GAS PRICE $5.35 $5.36 Sep-11 Sep-18 SOURCE: U.S. INFLATION CALCULATOR, SNA/JWA AIRPORT AND U.S. DEPARTMENT OF TRANSPORTATION VISIT LAGUNA BEACH I BIWEEKLY REPORT2023 5
TRANSPORTATION & ECONOMIC METRICS ORANGE
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