NOVEMBER 10, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY NEWPORT BEACH HOTELS (OCTOBER 30 – NOVEMBER 05, 2022)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS)
61.2%
ORANGE COUNTY UNEMPLOYMENT ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE
2.7%
(SEPTEMBER 2022)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE ALL HOTELS (OPEN & CLOSED HOTELS)
55.4%
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
+12.9%
(SEPTEMBER 2022 vs. SEPTEMBER 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
+25.4%
2022 vs. 2021
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$310.59
# OF HOTEL ROOMS OPEN FOR BOOKING:
3,056
# OF ANTICIPATED ROOMS:
295
NEWPORT BEACH SHORT-TERM VACATION RENTALS (OCTOBER 30 – NOVEMBER 05, 2022)
NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY RATE
55%
NEWPORT BEACH SHORT-TERM RENTALS WEEKLY AVERAGE RATE
TRANSPORTATION 2021 VS. 2022
ORANGE COUNTY/JOHN WAYNE AIRPORT # OF MONTHLY PASSENGERS
OCTOBER OCTOBER +29.4% 2021 2022
1,014,460
783,737
US AUTO MARKET SALES BY MONTH OCTOBER 2021
OCTOBER 2022 -43.8%
615,330
1,094,817
CALIFORNIA & LA RESTAURANTS YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
+0.9%
-0.14%
(NOVEMBER 2 - 8, 2022) 2022 vs. 2019
$458.54
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
NEWPORT BEACH SHORT-TERM RENTALS MONTHLY % CHANGE IN SUPPLY
(OCTOBER 26 – NOVEMBER 1, 2022)
-1.0%
SEPTEMBER TO OCTOBER 2022
91%
85%