MARCH 3, 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 21-27, 2021)
OPEN HOTELS (ONLY OPEN HOTELS)
31.0%
(DECEMBER 2020)
7.4%
(FEBRUARY 21-27, 2021)
(DECEMBER 2020)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
ALL HOTELS (OPEN & CLOSED HOTELS)
28.3%
-26.3%
(FEBRUARY 21-27, 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
-61.6%
(DECEMBER 2020 vs. DECEMBER 2019)
NEWPORT BEACH REAL ESTATE (FEBRUARY 2021)
(FEBRUARY 21-27) 2021 vs. 2020
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$264.14
(FEBRUARY 21-27, 2021)
CLOSED HOTELS:
# OF HOTEL ROOMS OPEN FOR BOOKING:
FASHION ISLAND HOTEL
# OF HOTEL ROOMS CLOSED:
3,056 295
U.S. AUTOMOBILE SALES
(DECEMBER 2020 vs. 2019) # OF AUTOMOBILES SOLD YOY % CHANGE
100%
(DECEMBER 2020 vs. DECEMBER 2019)
JOHN WAYNE AIRPORT (SNA) (DECEMBER 2020)
NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE
-33.2%
(FEBRUARY 2021 vs. FEBRUARY 2020)
U.S. VISA SPENDING IN NEWPORT BEACH (3RD QUARTER 2020 VS. 2019)
DOMESTIC U.S. CREDIT CARD SPENDING IN NEWPORT BEACH
-15.6%
(3RD QUARTER 2020 VS. 2019)
CALIFORNIA & LA RESTAURANTS (WEEK OF FEB 25-MAR 2, 2021)
YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
-52.3%
-72.5%
(WEEK OF FEBRUARY 25-MARCH 2) 2021 vs. 2020
ORANGE COUNTY/ JOHN WAYNE AIRPORT MONTHLY # OF PASSENGERS YOY % CHANGE
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
(DECEMBER 2020 vs. DECEMBER 2019)
(WEEK OF FEBRUARY 17-24, 2021)
-74%
60%
42%
MARCH 3, 2021 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)
(2020 vs. 2019/2021 vs. 2020)
95 85 75 65 55 45 35 25 15
CHRISTMAS & NYE WEEK
78.5%
63.1%
61.6%
88.7%
81.9%
76.6%
74.4%
73.9%
58.1%
57.2$
VALENTINE’S & PRESIDENTS’ DAY WEEKEND
MLK WEEKEND
31.1%
21.1%
23.9%
23.4%
12-DEC
19-DEC
26-DEC
2-JAN
80.8%
76.2%
21.4%
24.6%
24.2%
21.3%
21.9%
9-JAN
16-JAN
23-JAN
30-JAN
6-FEB
THIS YEAR
30.6%
33.2%
31.0%
13-FEB
20-FEB
27-FEB
LAST YEAR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY WEEK (WEEKS OF JANUARY 31 – FEBRUARY 27, 2021) VALENTINE’S DAY & PRESIDENTS’ DAY WEEKEND
DAILY OCCUPANCY RATE (%)
80.0%
69.4%
70.0%
56.1%
60.0%
52.8%
50.0%
30.0%
46.1%
41.2%
40.0%
34.0% 20.0%28.3%
18.2% 18.2% 15.5%
18.8%
20.0%
34.3%
22.7% 19.7% 21.2% 19.3% 20.4%
41.7% 23.2% 27.2% 24.2% 23.5% 24.5%
22.7% 25.4% 25.0% 22.6%
10.0% 0.0%
JAN 31-FEB 6, 2021
FEBRUARY 7-13, 2021 SUN
MON
TUE
FEBRUARY 14-20, 2021
WED
THU
FRI
FEBRUARY 21-27, 2021
SAT
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES 33%
24%
32%
25%
18% $206 M O N IC A
IN G S PA LM
YL Y EV ER
SP R
H IL L
A RA B
OCCUPANCY RATE (%)
$78
SA N TA
$111
A N A H EI M
$443 S
$188
BA R
E VI N IR
PO IN T D A N A
D IE G O SA N
AVERAGE DAILY RATE ($) SOURCE: MARCH 3, 2021, STR.COM
$162
B
$100
A
$250
SA N TA
$100
JO LL
$143
H U N TI N G TO N
BE A C H T PO R N EW
16%
32%
26%
18%
…
$264
30%
29%
LA
$500 $400 $300 $200 $100 $0
OCCUPANCY RATE (%)
MONTHLY AVERAGE DAILY RATE ($)
(MONTHLY AVERAGE DAILY RATE & OCCUPANCY RATE FOR JANUARY 2021)
40% 30% 20% 10% 0%
MARCH 3, 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 24-30 0.0% -5.0% -10.0% -15.0% -20.0% -25.0%
JAN 31 - FEB 6
FEB 7-13
FEB 14-20
FEB 21-27
-8.8%
-8.8%
-8.8%
-8.8%
-22.1%
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE
(WEEKS OF DECEMBER 12, 2020 – FEBRUARY 27, 2021) CHRISTMAS & NYE WEEK
AVERAGE WEEKLY RATE ($)
335
$301
315
$289
295
VALENTINE’S & PRESIDENTS’ DAY WEEKEND
MLK WEEKEND
$311
$279
275
$287
$266
$265
$264
$239
$242
$241
9-JAN
16-JAN
23-JAN
$263
$266
$275
255 235 215
$230
$249
$255
$266
$264
$239
$241
$243
$246
6-FEB
13-FEB
20-FEB
27-FEB
$218
195 12-DEC
19-DEC
26-DEC
2-JAN
THIS YEAR
30-JAN
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (JANUARY 24 – FEBRUARY 27, 2021)
AVERAGE DAILY RATE ($)
$350
$295 $289 $281 $290 $287 $263 $286 $263 $279 $276 $277 $281 $264 $278 $248 $264 $264 $269 $260 $255 $255 $252 $261 $259 $245 $263 $248 $253 $238 $245 $249 $236 $253 $241 $250 $233
$300
$200 $150 $100 $50
1/ 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/ /21 14 2/ /21 15 2/ /21 16 2/ /21 17 2/ /21 18 2/ /21 19 2/ /2 20 1 2/ /21 21 2/ /2 22 1 2/ /2 23 1 2/ /2 24 1 2/ /2 25 1 2/ /2 26 1 2/ /21 27 /2 1
$0
SOURCE: MARCH 3, 2021, STR.COM
MARCH 3, 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 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 17-FEB 19-FEB 21-FEB 23-FEB 25-FEB 27-FEB 1-MAR
(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%
60%
52%
56%
59% 60%
-20%
50% 40%
38%
40%
31% 30% 20%
18%
42%
30%
18%
17% 12%
10%
8% 0%
9%
11%
0%
0%
0%
0%
0%
DEC 16
DEC 23
DEC JAN JAN 30 6 13 CALI FORNI A
JAN 20
-10%
# OF MONTHLY PASSENGERS (YOY % CHANGE)
PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK
70%
-30% -40% -50% -60% -70% -80%
-64% -66% -68% -72% -74% -75%
-90%
0% JAN FEB FEB 27 3 10 LOS ANGELES
FEB 17
FEB 24
SOURCE: OPENTABLE AND SNA/JWA, LAX & LGB AIRPORTS
-70% -71% -74% -75% -79% -82%
-81% -82% -81% -85% -92% -87%
-100% JOHN WAYNE AIRPORT
JULY
AUG
LAX
SEP
OCT
LONG BEAC H AIRPORT
NOV
DEC
MARCH 3, 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
$16,000,000
$340,002,302
$300,000,000
$294,119,639
$13,809,783
$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
(2ND QUARTER 2020 vs. 2019)
$350,000,000
$325,722,868
$17,811,034
$18,000,000
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
$9.8
$11.9 $9.0
$3.3
$9.5 $10.5 $9.2 $4.1
$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
$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
$0.0 SAN FRANCISCO
SAN DIEGO
Q2 2019
Q2 2020
Q3 2019
Q3 2020
EXCLUDES LA, RIVERSIDE & ORANGE COUNITES
INT’L VISA CREDIT CARD SPENDING FROM EACH COUNTRY SPENT IN NEWPORT BEACH SPENDING IN MILLIONS USD ($)
(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
MARCH 3, 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. 2019/2021 vs. 2020)
YOY % CHANGE IN ACTIVE LISTINGS
MAR 2020 0.0% -5.0% -10.0% -15.0% -20.0% -25.0% -30.0% -35.0% -40.0%
APR 2020
MAY 2020
JUN 2020
JUL 2020
-18.0%
-20.8% -25.3% -30.7%
-26.9%
AUG 2020
SEP 2020
OCT 2020
NOV 2020
-22.9%
-24.1%
DEC 2020
-20.0%
-28.0%
JAN 2021
FEB 2021
-24.1% -33.2%
-33.8%
NEWPORT BEACH REAL ESTATE LISTINGS AVERAGE NUMBER OF DAYS TO SELL
YOY % CHANGE IN AVERAGE # OF DAYS TO SELL
(YEAR-OVER-YEAR PERCENT CHANGE 2020 vs. 2019/2021 vs. 2020) MAR 2020
50.0% 40.0% 30.0% 20.0% 10.0% 0.0% -10.0% -20.0% -30.0% -40.0%
APR 2020
MAY 2020
JUN 2020
JUL 2020
AUG 2020
SEP 2020
OCT 2020
NOV 2020
DEC 2020
JAN 2021
-27.5%
-29.3%
-26.3%
FEB 2021
38.5% 11.8%
10.6%
-1.4%
-6.9%
-15.1%
-11.6% -23.9%
-18.3%
NEWPORT BEACH REAL ESTATE AVERAGE LIST PRICE
(YEAR-OVER-YEAR AVERAGE LIST PRICE 2020 vs. 2019/2021 vs. 2020) $4.5 AVERAGE LIST PRICE (IN MILLIONS $)
$4.0 $3.5
$3.6 $3.4
$3.0
$3.5 $3.1 $3.2 $3.0 $2.8 $2.9
$3.5 $3.5
$3.6 $3.6 $3.1 $3.1
$3.7 $3.7 $3.6 $3.2
$4.1 $3.6 $2.8
$3.2 $3.2
$3.7 $3.5 $3.6
$3.8 $3.0
$2.5 $2.0 $1.5 $1.0 $0.5 $0.0 JAN 2020
FEB 2020
MAR 2020
APR 2020
MAY 2020
JUN 2020
2019 SOURCE: REAL ESTATE ADVERTISING SERVICE: MLS.COM
JUL 2020
2020
AUG 2020
SEP 2020
OCT 2020
NOV 2020
DEC 2020
JAN 2021
FEB 2021
MARCH 3, 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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