FEBRUARY 17, 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
(FEBRUARY 7-13, 2021)
OPEN HOTELS (ONLY OPEN HOTELS)
30.6%
(DECEMBER 2020)
7.4%
(FEBRUARY 7-13, 2021)
(DECEMBER 2020)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
ALL HOTELS (OPEN & CLOSED HOTELS)
27.9%
-26.3%
(FEBRUARY 7-13, 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
-65.5%
(DECEMBER 2020 vs. DECEMBER 2019)
NEWPORT BEACH REAL ESTATE (DECEMBER 2020)
(FEBRUARY 7-13) 2021 vs. 2020
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$255.64
(FEBRUARY 7-13, 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 9-16, 2021) YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
-57.3%
-73.5%
(WEEK OF FEBRUARY 9-16) 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 17, 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)
95
78.5%
85 66.2%
75 65 55 45 35
CHRISTMAS & NYE WEEK
63.1%
61.6%
76.6%
74.4%
73.9%
VALENTINE’S & PRESIDENTS DAY WEEKEND
58.1%
57.2%
50.2%
88.7%
81.9%
MLK WEEKEND
35.1%
31.1%
26.7%
21.1%
23.9%
23.3%
5-DEC
12-DEC
19-DEC
26-DEC
25
30.6%
21.4%
24.6%
24.2%
21.3%
21.9%
9-JAN
16-JAN
23-JAN
30-JAN
6-FEB
15 28-NOV
2-JAN
THIS YEAR
13-FEB
LAST YEAR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY WEEK (WEEKS OF JANUARY 17 – FEBRUARY 13, 2021)
VALENTINE’S & PRESIDENTS DAY WEEKEND
DAILY OCCUPANCY RATE (%)
80.0% 70.0%
69.4%
MLK WEEKEND
60.0% 50.0% 40.0%
34.6%
32.9%
31.5% 17.9% 18.5% 19.3%26.2% 25.1% 18.2% 18.0% 18.6% 18.7% 17.9% 17.3%
30.0% 20.0%
41.2%
34.0% 28.3%
21.2% 22.7% 19.7% 19.3% 20.4%
18.8% 18.2% 20.0% 18.2% 15.5%
10.0% 0.0%
JANUARY 17-23, 2021
JANUARY 24-30, 2021 SUN
MON
TUE
JAN 31-FEB 6, 2021
WED
THU
FRI
FEBRUARY 7-13, 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%
S
$204
B
JO LL
E VI N IR
PO IN T D A N A
D IE G O SA N
AVERAGE DAILY RATE ($) SOURCE: FEBRUARY 17, 2021, STR.COM
$153
B
$102
A
$260
LA
$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 17, 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 10-16 0.0% -5.0% -10.0% -15.0% -20.0% -25.0%
JAN 17-23
-22.1%
JAN 24-30
-22.1%
JAN 31 - FEB 6
FEB 7-13
-8.8%
-8.8%
-22.1%
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE
(WEEKS OF NOVEMBER 21, 2020 – FEBRUARY 6, 2021) CHRISTMAS & NYE WEEK
$315 $295 $275 $255 $235 $215 $195
AVERAGE WEEKLY RATE ($)
$335
$320 $295
$301
$289
$269
28-NOV
5-DEC
MLK WEEKEND
$311
$279 $275
$225
VALENTINE’S & PRESIDENTS DAY WEEKEND
$230
$287
$266
$265
$264
$239
$242
$241
9-JAN
16-JAN
23-JAN
$266
$263
$249
$256
$239
$241
6-FEB
13-FEB
$218
12-DEC
19-DEC
26-DEC
2-JAN
THIS YEAR
30-JAN
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (JANUARY 10 – FEBRUARY 13, 2021)
AVERAGE DAILY RATE ($)
$350
$295 $295 $278$277 $287 $286 $263 $263 $276 $285 $273 $281 $266 $248 $264 $260 $259 $259 $264 $270 $265 $252 $261 $255 $246 $267 $248 $253 $253 $238 $247 $245 $249 $241 $250 $233
$300
$200 $150 $100 $50
1/ 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/ 2/ 21 7/ 2/ 21 8/ 2/ 21 9 2/ /21 10 2/ /21 11 2/ /21 12 2/ /21 13 /2 1
$0
SOURCE: FEBRUARY 17, 2021, STR.COM
FEBRUARY 17, 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 23-NOV 25-NOV 27-NOV 29-NOV 1-DEC 3-DEC 5-DEC 7-DEC 10-DEC 12-DEC 14-DEC 16-DEC 18-DEC 20-DEC 22-DEC 24-DEC 26-DEC 28-DEC 30-DEC 1-JAN 3-JAN 5-JAN 7-JAN 9-JAN 11-JAN 13-JAN 15-JAN 17-JAN 19-JAN 21-JAN 23-JAN 25-JAN 27-JAN 29-JAN 31-JAN 2-FEB 5-FEB 7-FEB 9-FEB 11-FEB 13-FEB 15-FEB
(YEAR-OVER-YEAR PERCENT CHANGE 2020 vs. 2019/2021 vs. 2020)
% 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%
0%
0%
0%
0%
DEC 2
DEC 9
DEC DEC DEC 16 23 30 CALI FORNI A
JAN 6
0%
9% 0%
11%
# OF MONTHLY PASSENGERS (YOY % CHANGE)
PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK
52%
-30% -40% -50% -60% -70% -80% -90%
0%
JAN JAN JAN 13 20 27 LOS ANGELES
-64% -66% -68% -72% -74% -75%
FEB 3
FEB 10
SOURCE: OPENTABLE AND SNA/JWA, LAX & LGB AIRPORTS
-70% -71% -74% -75% -79% -82%
-81% -82% -81% -85% -92% -87%
-100% JOHN WAYNE AIRPORT JU LY
AUG
LAX SEP
OC T
LONG BEAC H AIRPORT NOV
DEC
FEBRUARY 17, 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)
(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
R
$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
$0
$0
2ND QUARTER 2019
3RD QUARTER
2ND 3RD QUARTER QUARTER
2020
2019
20202
Q2 2019
Q2 2020
U.S. VISA CREDIT CARD SPENDING FROM EACH METRO AREA SPENT IN NEWPORT BEACH SPENDING IN MILLIONS USD ($)
(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 17, 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
$3.6
$3.6
$3.6
$3.2
$3.1
$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 17, 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
1.2
1.6
1.4
1.5 1.3
1.3
1.4
1.3
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
NEWPORT BEACH & COMPANY 1600 NEWPORT CENTER DRIVE, SUITE 120 NEWPORT BEACH, CA 92660 INFO@VISITNEWPORTBEACH.COM 800-94-COAST © 2021. NEWPORT BEACH & COMPANY
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