OCTOBER 28, 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
(OCTOBER 17-23, 2021)
OPEN HOTELS (ONLY OPEN HOTELS)
61.7%
(AUGUST 2021)
6.0%
(OCTOBER 17-23, 2021)
(AUGUST 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
ALL HOTELS (OPEN & CLOSED HOTELS)
58.3%
+47.8%
(OCTOBER 17-23, 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
+49.2%
(AUGUST 2021 vs. AUGUST 2020)
JOHN WAYNE AIRPORT (SNA)
(AUGUST 2021 vs. AUGUST 2019)
(OCTOBER 17-23) 2021 vs. 2020
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$304.09
(OCTOBER 17-23, 2021)
CLOSED HOTELS:
# OF HOTEL ROOMS OPEN FOR BOOKING:
FASHION ISLAND HOTEL
# OF HOTEL ROOMS CLOSED:
3,056 295
ORANGE COUNTY/ JOHN WAYNE AIRPORT MONTHLY # OF PASSENGERS YOY % CHANGE
-117.6%
(AUGUST 2021 vs. AUGUST 2019)
CALIFORNIA & LA RESTAURANTS (WEEK OF OCTOBER 21-27, 2021) YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
-10.2%
-20.1%
U.S. AUTOMOBILE SALES
(WEEK OF OCTOBER 21-27) 2021 vs. 2020
# OF AUTOMOBILES SOLD YOY % CHANGE
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
(SEPTEMBER 2021 vs. 2020)
+127%
(SEPTEMBER 2021 vs. SEPTEMBER 2020)
81%
80%
(WEEK OF OCTOBER 21-27, 2021)
OCTOBER 28, 2021 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)
(2021 vs. 2020)
80 75 70 65 60 55 50 45 40 35
72.2% 62.9%
60.7%
52.8%
44.3%
44.8%
44.0%
42.8%
7-AUG
14-AUG
21-AUG
28-AUG
62.2%
60.9%
58.1%
44.9% 4-SEP
61.4%
59.8%
56.2%
55.7%
57.3% 11-SEP
42.8%
42.6%
42.1%
43.2%
18-SEP
25-SEP
2-OCT
9-OCT
THIS YEAR
61.7%
45.4% 16-OCT
41.1% 23-OCT
LAST YEAR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF SEPTEMBER 26-OCTOBER 23, 2021)
DAILY OCCUPANCY RATE (%)
90.0%
78.9%
80.0%
72.2%
75.8% 70.6%
70.0%
56.1% 51.8% 51.0%
60.0%
72.6% 66.7% 61.2% 57.0% 55.5% 61.0%
64.3% 62.0% 60.2% 49.4% 43.0%
50.0% 43.9%44.2% 40.0%
72.4% 71.7% 61.9% 63.4% 58.0% 56.3% 48.2%
44.5%
30.0% 20.0% 10.0% 0.0%
SEP 26-OCT 2, 2021
OCT 3-9, 2021 SUN
MON
TUE
OCT 10-16, 2021 WED
THU
FRI
OCT 17-23, 2021
SAT
NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR-OVER-YEAR COMPARISON FOR 2021, 2020 & 2019)
MONTHLY AVERAGE DAILY RATE ($)
100.0% 80.0% 60.0% 40.0%
69.1% 68.6% 22.7%
79.8%
75.5%
74.9% 29.6%
20.0% 0.0%
78.7%
38.5%
47.7%
30.0%
71.8% 52.6%
27.6%
81.2% 62.6%
37.3%
85.9% 71.6%
38.2%
81.8%
76.2%
61.7%
58.1%
44.2%
43.9%
78.7% 67.6%
45.2%
34.3%
67.3%
25.0%
13.5% JAN
FEB
MAR
APR
2021 SOURCE: OCTOBER 26, 2021, STR.COM
MAY
JUN
2020
JUL
2019
AUG
SEP
OCT
NOV
DEC
OCTOBER 28, 2021 WEEKLY REPORT
NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE (WEEKS OF AUGUST 7-OCTOBER 23, 2021)
$455
$426
$414
$396
$387
$373
AXIS TITLE
$405
$356
$355
$305
$326 $292
7-AUG
14-AUG
$255
21-AUG
$327
$295
$284
$283
$296
$298
11-SEP
18-SEP
25-SEP
2-OCT
9-OCT
$317
$312
$319
$307
$299
$328
$322
28-AUG
4-SEP
THIS YEAR
$304
$313
$300
16-OCT
23-OCT
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE $362 $354 $375 $370 $400 $361 $337 $318 $290 $339 $325 $324 $324 $300 $317$322 $312 $350 $283 $297 $307 $298 $306 $307$317 $304 $327$312 $323 $304 $282 $296 $307 $282 $288 $280 $300 $278 $250 $200 $150 $100 $50 $0 9/ 19 9/ /2 20 1 9/ /21 21 9/ /2 22 1 9/ /2 23 1 9/ /2 24 1 9/ /2 2 1 9/ 5/ 26 21 9/ /21 27 2 / 9/ 212 28 9/ /2 29 1 9/ /2 30 1 10 /21 /1 10 /21 /2 10 /21 /3 10 /2 /4 1 10 /21 /5 10 /21 /6 10 /21 /7 10 /21 /8 10 /21 / 10 9/2 /1 1 0 10 /2 /1 1 10 1/2 /1 1 10 2/2 /1 1 10 3/2 /1 1 10 4/2 /1 1 10 5/2 /1 1 10 6/2 /1 1 10 7/2 /1 1 10 8/2 /1 1 10 9/ /2 21 10 0/2 /2 1 10 1/2 /2 1 10 2/2 /2 1 3/ 21
AVERAGE DAILY RATE ($)
(SEPTEMBER 19 – OCTOBER 23, 2021)
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR SEPTEMBER 2021
SOURCE: OCTOBER 13, 2021, STR.COM
$167
SP R PA LM
YL Y EV ER B
IN G S
S H IL L
A RA B
E VI N
AVERAGE DAILY RATE ($)
$639
OCCUPANCY RATE (%)
66%
$178
$336 M O N IC A
$360
52%
61%
SA N TA
$269
52%
A N A H EI M
$154
IR
PO IN T D A N A
D IE G O SA N
76%
BA R
$451
69%
A
$178
67%
JO LL
$243
H U N TI N G TO N
BE A C H T PO R N EW
59%
…
$338
65%
SA N TA
58%
67%
LA
$700 $600 $500 $400 $300 $200 $100 $0
OCCUPANCY RATE (%)
MONTHLY AVERAGE HOTEL RATE ($)
(AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR SEPTEMBER 2021)
100% 80% 60% 40% 20% 0%
OCTOBER 28, 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
% CHANGE IN WEEKLY SEATED DINERS
9/ 30 /2 1 10 /1 /2 10 1 /2 /2 10 1 /3 /2 10 1 /4 /2 1 10 /5 /2 10 1 /6 /2 10 1 /7 /2 10 1 /8 /2 10 1 /9 /2 10 1 /1 0/ 10 21 /1 1/ 10 21 /1 2/ 10 21 /1 3/ 10 21 /1 4/ 10 21 /1 5/ 10 21 /1 6/ 10 21 /1 7/ 10 21 /1 8/ 10 21 /1 9/ 10 21 /2 0/ 21 10 /2 1/ 10 21 /2 2/ 10 21 /2 3/ 10 21 /2 4/ 21 10 /2 5/ 10 21 /2 6/ 10 21 /2 7/ 21
(YEAR-OVER-YEAR PERCENT CHANGE 2021 vs. 2020)
45 25 5 -15 -35 -55 -75 CALIFORNIA RESTAURANTS
LOS ANGELES RESTAURANTS
% OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK
85%
79%
78%
79%
79%
75%
76%
75% 71%
72%
SEP 8
SEP 15
65%
79%
80%
81%
78%
79%
80%
OCT 13
OCT 20
55% 45% SEP 22 CALIFORNIA
SEP 29
OCT 6 LOS ANGELES
ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2021, 2020 & 2019)
923,403 899,186 942,680 918,810 945,962 942,385
MONTHLY PASSENGER TRAFFIC
1,000,000 900,000 800,000 700,000 600,000
819,358 789,523
730,144 890,185
806,386
585,735
764,506
400,000 200,000
195,290
897,873
827,140
891,492
831,522
495,592 385,396
500,000 300,000
859,174
227,402 337,981
100,000
181,486
274,813 239,120 266,986
307,865 277,020
231,033
25,313 82,342
JAN
FEB
MAR
SOURCE: OPENTABLE AND SNA/JWA AIRPORT
APR
MAY 2021
JUN 2020
JUL AUG 2019
SEP
OCT
NOV
DEC
OCTOBER 23, 2021 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%
8.7%
9.3% 9.0% 8.5% 8.3% 8.0% 7.7% 7.6% 7.6% 7.5% 7.5% 7.4% 7.3% 6.5% 6.4% 6.7% 6.6% 6.2% 6.3% 5.8% 6.0%
NOV 2020
DEC 2020
JAN 2021
FEB 2021
MAR 2021
APR 2021
CALIFORNIA
MAY 2021
JUN 2021
JUL 2021
AUG 2021
SEP 2021
ORANGE COUNTY
2020-2021 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE (CALIFORNIA vs. ORANGE COUNTY)
YOY PERCENT CHANGE (%)
AUG SEP 2020 2020
OCT 2020
NOV 2020
DEC 2020
JAN 2021
FEB 2021
MAR 2021
APR 2021
MAY 2021
JUN 2021
JUL 2021
AUG 2021
80.0% 62.6% 47.8% 60.0% 39.1% 46.5% 38.0% 37.5% 27.7% 24.8% 40.0% 27.3% 20.2% 20.0% 0.0% -20.0% -40.0% -28.5% -25.4% -24.0% -33.9% -29.1% -30.2% -34.0% -30.8% -33.9% -31.4% -38.6% -32.3% -38.8% -60.0% -35.4% -36.2% -41.6% CALIFORNIA ORANGE COUNTY
SOURCE: U.S. BUREAU OF LABOR STATISTICS
U.S. AUTOMOBILE SALES BY MONTH
# OF AUTOMOBILES SOLD (MILLIONS)
(AUGUST 2020 – SEPTEMBER 2021 vs. PRIOR YEAR) 2.0 1.5
1.4
1.3 1.3
1.4
1.2
1.5
1.5 1.5
1.2
1.2 1.3
1.4
1.5
1.5
0.9
1.0
1.5 1.1
1.3 1.2
1.2 1.3
1.1
MAY 2021
JUN 2021
JUL 2021
AUG 2021
1.4
1.3
1.3
1.1
0.5
0.5 0.0 SEP 2020
OCT 2020
NOV 2020
DEC 2020
JAN 2021
FEB 2021
MAR 2021
THIS YEAR
APR 2021
LAST YEAR
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SEP 2021
OCT 2021