JANUARY 06, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
EXECUTIVE SUMMARY
NEWPORT BEACH HOTELS
ORANGE COUNTY UNEMPLOYMENT
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE
(DECEMBER 26, 2021 – JANUARY 1, 2022)
(NOVEMBER 2021)
OPEN HOTELS (ONLY OPEN HOTELS)
49.8%
4.1%
(DECEMBER 26, 2021 – JANUARY 1, 2022)
(NOVEMBER 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
ALL HOTELS (OPEN & CLOSED HOTELS)
47.1%
+28.2%
(DECEMBER 26, 2021 – JANUARY 1, 2022)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
+60.3%
(DECEMBER 26, 2021 – JANUARY 1, 2022) 2021 vs. 2020
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$440.80
(DECEMBER 26, 2021 – JANUARY 1, 2022)
(NOVEMBER 2021 vs. NOVEMBER 2020)
JOHN WAYNE AIRPORT (SNA) (OCTOBER 2021 vs. OCTOBER 2019)
ORANGE COUNTY/JOHN WAYNE AIRPORT
MONTHLY # OF NOTE: COMPARING LASTPASSENGERS GOOD YEAR (2019) CURRENT YEAR (2021) OCTWITH 2019 OCT 2021
897,873
873,422 NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021)
CLOSED HOTELS: FASHION ISLAND HOTEL
# OF HOTEL ROOMS OPEN FOR BOOKING:
3,056 # OF HOTEL ROOMS CLOSED:
295
CALIFORNIA & LA RESTAURANTS (WEEK OF DECEMBER 30, 2021 – JANUARY 5, 2022)
YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
- 16.9% U.S. TOTAL AUTOMOBILE SALES
-39.6%
(WEEK OF DECEMBER 30, 2021–JANUARY 5, 2022) 2021 vs. 2020
(DECEMBER 2020 vs. DECEMBER 2021) U.S. MARKET AUTO SALES BY MONTH DEC 2020 DEC 2021
1,597,958
1,032,349
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
78%
75%
(WEEK OF DECEMBER 30, 2021–JANUARY 5, 2022)
JANUARY 06, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)
(2022 vs. 2021)
61.8%
61.7%
59.8%
65
60.0%
57.9%
55.9%
53.2%
50.9%
48.8%
55
45.9%
40.6%
45 45.4%
35
41.4%
45.5% 36.9%
34.9%
25
35.1%
34.1%
21.1% 26.8%
15 16-OCT
23-OCT
49.8%
30-OCT
6-NOV
13-NOV
20-NOV
27-NOV
THIS YEAR
4-DEC
11-DEC
31.1%
23.9%
23.3%
18-DEC
25-DEC
1-JAN
LAST YEAR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF DECEMBER 5, 2021 – JANUARY 1, 2022)
DAILY OCCUPANCY RATE (%)
90.0% 80.0%
68.3% 67.2% 66.5% 66.4% 61.0%
70.0% 60.0% 50.0% 40.0%
51.6% 39.1%
62.1% 56.6% 57.2% 51.6% 54.2% 47.2% 43.5%
46.8% 43.7% 36.5% 36.1% 45.2% 36.5% 39.2%
52.1% 56.8% 48.4% 52.0% 48.2% 48.0% 43.2%
30.0% 20.0% 10.0% 0.0% DEC 5-11, 2021
DEC 12-18, 2021 SUN
MON
TUE
DEC 19-25, 2021 WED
THU
FRI
DEC 26, 2021-JAN 1, 2022
SAT
NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR-OVER-YEAR COMPARISON FOR 2021, 2020 & 2019)
MONTHLY AVERAGE DAILY RATE ($)
100.0% 80.0% 60.0% 40.0%
69.1% 68.6% 22.7%
79.8%
78.7%
75.5%
74.9% 29.6%
20.0%
38.5%
52.6%
47.7%
30.0%
0.0% JAN
FEB
MAR
27.6% 13.5% APR 2021
SOURCE: JANUARY 06, 2022, STR.COM
71.8%
MAY
81.2% 62.6%
37.3%
JUN 2020
85.9% 71.6%
38.2%
JUL 2019
81.8%
76.2%
78.7%
61.7%
58.1%
59.8%
44.2%
43.9%
45.2%
AUG
SEP
67.6% 53.4%
34.3% OCT
67.3%
NOV
25.0% DEC
JANUARY 06, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE
AVERAGE WEEKLY RATE ($)
(WEEKS OF OCTOBER 16 - DECEMBER 18, 2021)
$440.60
415 395 375 355 335 315 295 275 255 235
$378.82 $361.35 $312.21
$304.17 $276.45
$312.85
$299.55
$286.71 $285.37
16-OCT
23-OCT
30-OCT
6-NOV
13-NOV
$284.97
$319.90
$294.12 $288.82
$277.20
$262.17
$312.29
$294.47
$306.98 $305.11 $291.00
20-NOV
27-NOV
THIS YEAR
4-DEC
$301.32
$310.72
$279.37
11-DEC
18-DEC
25-DEC
1-JAN
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (DECEMBER 05, 2021 – JANUARY 01, 2022)
AVERAGE DAILY RATE ($)
$600 $500 $400 $300
$271
$269
$276
$282
$269
$301
$368
$315 $273
$301
$284
$299
$340 $301
$352
$336 $314 $313
$377
$422
$392
$478 $467 $476 $458 $416 $411 $370
$200 $100 12 /5 /2 12 1 /6 /2 12 1 /7 /2 12 1 /8 /2 12 1 /9 / 12 21 /1 0/ 12 21 /1 1/ 12 21 /1 2/ 12 21 /1 3/ 12 21 /1 4/ 12 21 /1 5/ 12 21 /1 6/ 12 21 /1 7/ 12 21 /1 8/ 12 21 /1 9/ 12 21 /2 0/ 12 21 /2 1/ 12 21 /2 2/ 12 21 /2 3/ 12 21 /2 4/ 12 21 /2 5/ 12 21 /2 6/ 12 21 /2 7/ 12 21 /2 8/ 12 21 /2 9/ 12 21 /3 0/ 12 21 /3 1/ 21 1/ 1/ 22
$0
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR SEPTEMBER 2021 (AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR NOVEMBER 2021)
MONTHLY AVERAGE HOTEL RATE ($)
$600 $500
53%
59%
67%
63%
67%
57%
72%
69%
66%
70%
49%
$400 $300
OCCUPANCY RATE (%)
$700
$200 $100 $0
80% 60% 40% 20%
$312
$206
$167
$371
$148
$249
$282
$652
$202
$199
$337
NEWPORT BEA CH
HUNTINGTON BEA CH
SA N DIEGO
DA NA POINT
IRVINE
LA JOLLA
SA NTA BARBARA
BEVERYLY HILLS
PALM SPRINGS
ANAHEIM
SA NTA MONICA
AVERAGE DAILY RATE ($) SOURCE: JANUARY 06, 2022, STR.COM
OCCUPANCY RATE (%)
0%
JANUARY 06, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
RESTAURANT & AIRPORT METRICS CALIFORNIA & LA DAILY SEATED DINERS FROM ONLINE, PHONE OR WALK-IN 12 /8 12 /22 /9 12 /21 /1 12 0/2 /1 1 12 1/2 /1 1 12 2/2 /1 1 12 3/2 /1 1 12 4/2 /1 1 12 5/2 /1 1 12 6/2 /1 1 12 7/2 /1 1 12 8/2 /1 1 12 9/2 /2 1 12 0/2 /2 1 12 1/2 /2 1 12 2/2 /2 1 12 3/2 /2 1 12 4/2 /2 1 12 5/2 /2 1 12 6/2 /2 1 12 7/2 /2 1 12 8/2 /2 1 12 9/2 /3 1 12 0/2 /3 1 1/ 1/2 1/ 1 2 1/ 2 2/ 2 1/ 2 3/ 2 1/ 2 4/ 2 1/ 2 5/ 22
% CHANGE IN WEEKLY SEATED DINERS
(YEAR-OVER-YEAR PERCENT CHANGE 2022 vs. 2021)
45 25 5 -15 -35 -55 -75 CALIFORNIA RESTAURANTS
LOS ANGELES RESTAURANTS
% OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK 85%
82%
PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK
84% 75%
83%
82%
81%
82%
85% 85%
79%
65%
77%
78%
75%
75%
DEC 29
JAN 5
66%
55% 45% NOV 24
DEC 1
DEC 8
DEC 15
CALI FORNI A
DEC 22 LOS ANGELES
ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2021, 2020 & 2019)
923,403
MONTHLY PASSENGER TRAFFIC
1,000,000 900,000 800,000 700,000
819,358
899,186
789,523
945,962 890,185
831,522
783,737
239,120
266,986
274,813
JUL
AUG
SEP
897,873
827,140
891,492
873,422
495,592 385,396
400,000 300,000
942,385 859,174
585,735
764,506
500,000
918,810 730,144
806,386
600,000
942,680
195,290
227,402
200,000
337,981
100,000
181,486 25,313
82,342
APR
MAY 2021
307,865
277,020
231,033
JAN
FEB
SOURCE: OPENTABLE AND SNA/JWA AIRPORT
MAR
JUN 2020
2019
OCT
NOV
DEC
JANUARY 06, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
UNEMPLOYMENT & AUTOMOBILE METRICS 2020-2021 ORANGE COUNTY UNEMPLOYMENT RATE BY MONTH PERCENTAGE RATE (%)
(CALIFORNIA vs. ORANGE COUNTY)
10.0% 8.0% 6.0% 4.0% 2.0% 0.0%
9.3%
9.0% 7.4%
DEC 2020
8.5% 7.3%
8.3%
6.7%
JAN 2021
8.0% 6.4%
FEB 2021
7.7% 6.2%
MAR 2021
5.8%
APR 2021
7.6% 6.5%
MAY 2021
CALIFORNIA
7.6%
JUN 2021
7.5% 6.3%
JUL 2021
7.5% 6.0%
AUG 2021
7.3%
5.0%
SEP 2021
6.9%
4.7%
4.1%
OCT 2021
NOV 2021
OCT 2021
NOV 2021
ORANGE COUNTY
2020-2021 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE YOY PERCENT CHANGE (%)
(CALIFORNIA vs. ORANGE COUNTY)
DEC 2020 80.0% 60.0% 40.0% 20.0% 0.0% -20.0% -40.0% -60.0%
JAN 2021
FEB 2021
MAR 2021
APR 2021
MAY 2021
JUN 2021
62.6% 38.0% 37.5% 27.3%
JUL 2021
AUG 2021
SEP 2021
47.8% 46.5% 44.1% 39.1% 37.0% 28.8% 27.7% 25.1% 24.8% 22.2% 20.2% 20.2%
-33.9% -29.1% -34.0% -38.6% -38.8% -32.3% -35.4% -41.6% CALIFORNIA
ORANGE CO UNTY
SOURCE: U.S. BUREAU OF LABOR STATISTICS
U.S. AUTOMOBILE SALES BY MONTH
# OF AUTOMOBILES SOLD (MILLIONS)
(DECEMBER 2020 – DECEMBER 2021 vs. PRIOR YEAR) 2.0 1.5
1.5 1.5
1.2 1.2
1.3
1.4
1.0
1.5
1.5
1.5 1.1
0.9
1.3 1.2
1.2 1.3
JUN 2021
JUL 2021
1.1
1.4
1.3 1.1
1.0
1.3 0.9
1.2
1.5 1.0
0.5
0.5 0.0 DEC 2020
JAN 2021
FEB 2021
MAR 2021
APR 2021
MAY 2021 THIS YEAR
AUG 2021
SEP 2021
LAST YEAR
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