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FEBRUARY 11, 2021 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

(JANUARY 31 - FEBRUARY 6, 2021)

OPEN HOTELS (ONLY OPEN HOTELS)

21.9%

(DECEMBER 2020)

7.4%

(JANUARY 31 – FEBRUARY 6, 2021)

(DECEMBER 2020)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

ALL HOTELS (OPEN & CLOSED HOTELS)

19.6%

-26.3%

(JANUARY 31 – FEBRUARY 6, 2021)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

-71.4%

(DECEMBER 2020 vs. DECEMBER 2019)

NEWPORT BEACH REAL ESTATE (DECEMBER 2020)

(JANUARY 31 – FEBRUARY 6) 2021 vs. 2020

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$265.93

(JANUARY 31 – FEBRUARY 6, 2021)

CLOSED HOTELS:

# OF HOTEL ROOMS OPEN FOR BOOKING:

FASHION ISLAND HOTEL

# OF HOTEL ROOMS CLOSED:

3,056 295

U.S. AUTOMOBILE SALES

(DECEMBER 2020 vs. 2019) # OF AUTOMOBILES SOLD YOY % CHANGE

100%

(DECEMBER 2020 vs. DECEMBER 2019)

JOHN WAYNE AIRPORT (SNA) (DECEMBER 2020)

NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE

-20.0%

(DECEMBER 2020 vs. DECE,BER 2019)

U.S. VISA SPENDING IN NEWPORT BEACH (3RD QUARTER 2020 VS. 2019)

DOMESTIC U.S. CREDIT CARD SPENDING IN NEWPORT BEACH

-15.6%

(3RD QUARTER 2020 VS. 2019)

CALIFORNIA & LA RESTAURANTS (WEEK OF FEBRUARY 4-10, 2021) YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

-64.6%

-79.6%

(WEEK OF FEBRUARY 4-10) 2021 vs. 2020

ORANGE COUNTY/ JOHN WAYNE AIRPORT MONTHLY # OF PASSENGERS YOY % CHANGE

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

(DECEMBER 2020 vs. DECEMBER 2019)

(WEEK OF FEBRUARY 4-10, 2021)

-74%

26%

30%

FEBRUARY 11, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD

HOTEL PERFORMANCE

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)

(2020 vs. 2019/2021 vs. 2020)

THANKSGIVING WEEKEND

85 75

66.2%

63.2%

81.9%

CHRISTMAS & NYE WEEK

78.5% 61.6%

63.1%

21.1%

23.9%

23.3%

12-DEC

19-DEC

26-DEC

73.9%

74.4%

76.6%

21.3%

21.9 %

30-JAN

6-FEB

58.1%

57.2%

50.2%

55 45

34.0%

35.1% 26.7%

31.1% 21.4%

24.6%

24.2%

16-JAN

23-JAN

15 21-NOV

28-NOV

5-DEC

2-JAN

9-JAN

THIS YEAR

LAST YEAR

NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY WEEK (WEEKS OF JANUARY 10 – FEBRUARY 6, 2021)

DAILY OCCUPANCY RATE (%)

80.0% 70.0% 60.0% 50.0%

46.4%

40.0% 30.0% 20.0%

32.9%

32.9% 19.8%

25.1%

19.3% 18.7% 26.2% 18.5% 18.6%

17.9% 17.6% 16.5% 17.3%

34.6%

31.5% 18.2% 18.0% 17.9% 17.9% 17.3%

34.0% 28.3% 18.8% 18.2% 20.0% 18.2% 15.5%

10.0% 0.0%

JANUARY 10-16, 2021

JANUARY 17-23, 2021 SUN

MON

TUE

JANUARY 24-30, 2021

WED

THU

FRI

JAN 31-FEB 6, 2021

SAT

NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES

IN G S PA LM

YL Y EV ER

SP R

H IL L

A RA

OCCUPANCY RATE (%)

$77

$214 M O N IC A

$127

19%

SA N TA

$436

22%

A N A H EI M

28%

$204

JO LL

E VI N IR

PO IN T D A N A

D IE G O SA N

AVERAGE DAILY RATE ($) SOURCE: FEBRUARY 11, 2021, STR.COM

$153

$102

$260

$100

…

$145

H U N TI N G TO N

BE A C H T PO R N EW

22%

19%

17%

29%

BA R

25%

$299

32%

27%

SA N TA

33%

$500 $400 $300 $200 $100 $0

OCCUPANCY RATE (%)

MONTHLY AVERAGE DAILY RATE ($)

(MONTHLY AVERAGE DAILY RATE & OCCUPANCY RATE FOR DECEMBER 2020)

40% 30% 20% 10% 0%

FEBRUARY 11, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD

HOTEL PERFORMANCE

NEWPORT BEACH HOTELS ROOMS AVAILABLE FOR BOOKING (ROOMS SUPPLY) (PERCENT CHANGE 2021 vs. 2020)

% CHANGE ROOMS AVAILABLE

JAN 3-9 0.0% -5.0% -10.0% -15.0% -20.0% -25.0%

JAN 10-16

JAN 17-23

JAN 24-30

JAN 31 - FEB 6

-8.8%

-22.1%

NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE

AVERAGE WEEKLY RATE ($)

(WEEKS OF NOVEMBER 21, 2020 – FEBRUARY 6, 2021) 335

THANKSGIVING WEEKEND

CHRISTMAS & NYE WEEK

$320

315

$295

295

$277

$289

$301 $279

275 255

$311

$275

$269

$287

235 215

$222

$225

$230

5-DEC

12-DEC

195 21-NOV

28-NOV

$266

$239

$265

$264

$242

$241

16-JAN

23-JAN

$263

$249

$266

$239

$218 19-DEC

26-DEC

2-JAN

THIS YEAR

9-JAN

30-JAN

6-FEB

LAST YEAR

NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (JANUARY 3 – FEBRUARY 6, 2021)

AVERAGE DAILY RATE ($)

$350

$295 $305 $295 $278$277 $287 $286 $263 $288 $279 $300 $270 $276 $285 $273 $281 $266 $248 $260 $259 $273 $263 $264 $270 $265 $252 $246 $267 $248 $253 $253 $247 $245 $249 $241 $250 $233 $200 $150 $100 $50

1/ 3/ 1/ 21 4/ 1/ 21 5/ 1/ 21 6/ 1/ 21 7/ 1/ 21 8/ 1/ 21 9 1/ /21 10 / 1/ 21 11 1/ /21 12 1/ /21 13 1/ /21 14 1/ /21 15 1/ /21 16 1/ /21 17 1/ /21 18 1/ /21 19 1/ /21 20 1/ /21 21 1/ /21 22 1/ /21 23 1/ /21 24 1/ /21 25 1/ /21 26 1/ /21 27 1/ /21 28 1/ /21 29 1/ /21 30 1/ /21 31 / 2/ 21 1/ 2/ 21 2/ 2/ 21 3/ 2/ 21 4/ 2/ 21 5/ 2/ 21 6/ 21

SOURCE: FEBRUARY 11, 2021, STR.COM

FEBRUARY 11, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD

RESTAURANT & AIRPORT METRICS CALIFORNIA & LA DAILY SEATED DINERS FROM ONLINE, PHONE OR WALK-IN 16-NOV 18-NOV 20-NOV 22-NOV 24-NOV 26-NOV 28-NOV 30-NOV 2-DEC 4-DEC 6-DEC 8-DEC 11-DEC 13-DEC 15-DEC 17-DEC 19-DEC 21-DEC 23-DEC 25-DEC 27-DEC 29-DEC 31-DEC 2-JAN 4-JAN 6-JAN 8-JAN 10-JAN 12-JAN 14-JAN 16-JAN 18-JAN 20-JAN 22-JAN 24-JAN 26-JAN 28-JAN 30-JAN 1-FEB 4-FEB 6-FEB 8-FEB 10-FEB

(YEAR-OVER-YEAR PERCENT CHANGE 2020 vs. 2019)

% CHANGE IN WEEKLY SEATED DINERS

0 -10 -20 -30 -40 -50 -60 -70 -80 -90 -100

CALIFORNIA RESTAURANTS

% OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK

LOS ANGELES RESTAURANTS

# OF MONTHLY AIRPORT PASSENGERS (% CHANGE 2020 vs. 2019) 0%

56%

60% 50%

-10%

48%

-20%

38%

40%

31% 30%

30%

24% 18%

20%

17%

18% 12% 8%

10% 0%

0% DEC 2

DEC 9

DEC DEC DEC 16 23 30 CALI FORNI A

JAN 6

9% 0%

11%

# OF MONTHLY PASSENGERS (YOY % CHANGE)

PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK

52%

-30% -40% -50% -60%

-80%

-72%

-75%

FEB 3

FEB 10

SOURCE: OPENTABLE AND SNA/JWA, LAX & LGB AIRPORTS

-70% -71% -74% -75%

-74%

-79%

-82%

-90%

JAN JAN JAN 13 20 27 LOS ANGELES

-64% -66% -68%

-70%

-81% -92%

-87%

-81% -82% -85%

-100% JOHN WAYNE AIRPORT JU LY

AUG

LAX SEP

OC T

LONG BEAC H AIRPORT NOV

DEC

FEBRUARY 11, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD CREDIT CARD SPENDING IN NEWPORT BEACH INT’L VISA CREDIT CARD SPENDING IN NEWPORT BEACH

U.S. VISA CREDIT CARD SPENDING IN NEWPORT BEACH

(2020 vs. 2019)

$20,000,000 $18,000,000 $16,000,000 $13,809,783

(2ND QUARTER 2020 vs. 2019)

$350,000,000

$340,002,302

$300,000,000

$294,119,639

$325,722,868

$17,811,034

$3.5 $3.0 $2.5

$250,000,000

$2.0

$12,000,000

$200,000,000

$1.5

$10,000,000

$150,000,000

$8,000,000 $6,000,000 $4,000,000

$4.0

$2,768,760

$1.0

$142,280,805

$0.5 $0.0

$100,000,000

$3,329, 834

$50,000,000

$2,000,000

L ES OD TA GI N H UR G EA A N D LT T EP H S C AR A A TM P RE FO EN P A O T S RE D L Q & TOR U G IC E R K ET RO S -S A CE ER IL R Y VI G A O U C TO OD E R M S ES TA OTI EL UR VE EC AN TR TS O N IC S

$14,000,000

INT’L VISA CREDIT CARD SPENDING IN NEWPORT BEACH BY CATEGORY

2ND QUARTER 2019

3RD QUARTER

2ND 3RD QUARTER QUARTER

2020

2019

20202

Q2 2019

Q2 2020

U.S. VISA CREDIT CARD SPENDING FROM EACH METRO AREA SPENT IN NEWPORT BEACH SPENDING IN MILLIONS USD ($)

(2ND & 3RD QUARTERS 2020 vs. 2019) $15.0 $10.0 $5.0 $0.0

$9.8

$11.9 $9.0

$3.3 SAN FRANCISCO

$9.5 $10.5 $9.2 $4.1

SAN DIEGO

$8.5 $7.6 $5.7 $2.2

$5.0 $5.9 $5.1 $2.2

$7.2 $4.3 $1.5 $2.9

PHOENIX

LAS VEGAS

NEW YORK CITY

Q2 2019

Q2 2020

$3.4 $3.6 $0.9 $2.0

$2.7 $3.1 $0.7 $1.8

$2.6 $2.7 $0.8 $2.2

SEATTLE

DENVER

SACRAMENTO

Q3 2019

Q3 2020

EXCLUDES LA, RIVERSIDE & ORANGE COUNITES

INT’L VISA CREDIT CARD SPENDING FROM EACH COUNTRY SPENT IN NEWPORT BEACH SPENDING IN MILLIONS USD ($)

(2ND QUARTER 2020 vs. 2019) $5.0

$4.4

$4.0 $3.0 $2.0

$1.7

$1.0 $0.0

$2.2

$0.3 CHINA

CANADA

$0.8

$0.1

U.K.

$0.7

$0.0

SAUDI ARABIA

Q2 2019 SOURCE: VISAVUE, VISA INTERNATIONAL

$0.5

$0.0

UNITED ARAB EMIRATES

Q2 2020

$0.5

$0.1

JAPAN

$0.4

$0.0

SOUTH K OREA

$0.4

$0.0

AUSTRALIA

FEBRUARY 11, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD

REAL ESTATE METRICS

NEWPORT BEACH TOTAL NUMBER OF ACTIVE REAL ESTATE LISTINGS (YEAR-OVER-YEAR PERCENT CHANGE 2020 vs. 2019)

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

0.0% YOY % CHANGE IN ACTIVE LISTINGS

-5.0% -10.0%

-4.0%

-5.6%

-15.0% -20.0%

-18.0%

-25.0%

-20.8% -25.3%

-30.0%

-26.9%

-20.0%

-28.0%

-30.7%

-35.0%

-22.9%

-24.1% -33.8%

-40.0%

NEWPORT BEACH REAL ESTATE LISTINGS AVERAGE NUMBER OF DAYS TO SELL (YEAR-OVER-YEAR PERCENT CHANGE 2020 vs. 2019)

YOY % CHANGE IN AVERAGE # OF DAYS TO SELL

JAN 80.0%

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

-27.5%

-29.3%

65.0%

60.0% 40.0%

38.5%

31.6%

11.8%

10.6%

20.0% 0.0%

-1.4%

-20.0%

-6.9%

-15.1%

-11.6% -23.9%

-40.0%

NEWPORT BEACH REAL ESTATE AVERAGE LIST PRICE

(YEAR-OVER-YEAR AVERAGE LIST PRICE 2020 vs. 2019) $4.5 AVERAGE LIST PRICE (IN MILLIONS $)

$4.0 $3.5

$3.6 $3.4

$3.0

$3.5 $3.2

$3.0 $2.9

$3.1 $2.8

$3.5 $3.5

$3.6

$3.2

$3.1

$4.1

$3.7 $3.7

$2.8

$3.2 $3.2

$3.5

$2.5 $2.0 $1.5 $1.0 $0.5 $0.0

JAN

FEB

MARCH

APRIL

MAY

JUNE

2019 SOURCE: REAL ESTATE ADVERTISING SERVICE: MLS.COM

2020

JULY

AUG

SEPT

OCT

NOV

DEC

FEBRUARY 11, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD

UNEMPLOYMENT & AUTOMOBILE METRICS

2020 ORANGE COUNTY UNEMPLOYMENT RATE BY MONTH PERCENTAGE RATE (%)

(CALIFORNIA vs. ORANGE COUNTY)

20.0% 15.0% 10.0% 5.0%

5.5% 3.9% 3.9% 3.7% 2.8% 2.9%

16.4% 16.4% 14.9% 14.7% 13.6% 13.5% 13.8% 12.4%11.2% 11.1% 9.5% 9.0% 9.0% 9.3% 8.2% 7.4% 7.5% 6.4%

0.0%

JAN

FEB

MAR

APR

MAY

JUN

CALIFORNIA

JUL

AUG

SEP

OCT

NOV

DEC

ORANGE COUNTY

2020 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE (CALIFORNIA vs. ORANGE COUNTY)

YOY PERCENT CHANGE (%)

JAN 10.0% 1.7%2.1% 0.0%

FEB

MAR

APR

MAY

JUN

JULY

AUG

SEP

OCT

NOV

DEC

1.5%2.2%

-10.0%

-3.3%-4.7%

-20.0%

-19.7% -24.0% -24.0% -26.3% -25.4% -29.8%-30.5% -30.8% -28.5% -29.8% -29.4% -31.6% -30.7% -32.4% -45.3% -46.4% -47.1% -44.3% CALIFORNIA ORANGE COUNTY

-30.0% -40.0% -50.0%

SOURCE: U.S. BUREAU OF LABOR STATISTICS

U.S. AUTOMOBILE SALES BY MONTH # OF AUTOMOBILES SOLD (MILLIONS)

(2020 vs. 2019)

2.0 1.5

1.2 1.2

0.9

1.0

1.6

1.5

1.4 1.3

0.5

1.3

1.2

1.6

1.4

1.5 1.3

1.3

1.4

1.3

1.4

1.5

1.5 1.5

1.2

0.6

0.0 JAN

FEB

MAR

APR

MAY

JUN 2020

JUL

AUG

SEP

OCT

2019

NOV

DEC