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NEWPORT BEACH ECONOMIC DASHBOARD: APRIL 27, 2023

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APRIL 27, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY NEWPORT BEACH HOTELS (APRIL 16 – APRIL 22, 2023)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS)

72.1%

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ALL HOTELS (OPEN & CLOSED HOTELS)

65.3%

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

17.9%

ORANGE COUNTY UNEMPLOYMENT ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE

3.4%

(FEBRUARY 2023)

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

+6.9%

2023 vs. 2022

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

(MARCH 2023 vs. MARCH 2022)

$320.52

# OF HOTEL ROOMS OPEN FOR BOOKING:

TRANSPORTATION 2023 VS. 2022

2,977

NEWPORT BEACH SHORT-TERM VACATION RENTALS (APRIL 16 – APRIL 22, 2023)

NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY RATE

33.4%

NEWPORT BEACH SHORT-TERM RENTALS WEEKLY AVERAGE RATE

$417.07

NEWPORT BEACH SHORT-TERM RENTALS MONTHLY % CHANGE IN SUPPLY

-.86%

FEBRUARY - MARCH 2023

SOURCE: STR, OCAIR.COM, KEY DATA DASHBOARD , OPENTABLE.COM, BLS.GOV, GOODCARBADCAR.NET

ORANGE COUNTY/JOHN WAYNE AIRPORT # OF MONTHLY PASSENGERS

JANUARY 2023

881,049

JANUARY 2022 +39.8%

630,402

US AUTO MARKET SALES BY MONTH MARCH 2023

MARCH 2022

1,223,301 -4.3% 1,277,156


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