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NEWPORT BEACH ECONOMIC DASHBOARD: June 1, 2023

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JUNE 01, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY NEWPORT BEACH HOTELS (MAY 21 - 27, 2023)

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

70.7%

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ALL HOTELS (OPEN & CLOSED HOTELS)

64.0%

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

20.1%

ORANGE COUNTY UNEMPLOYMENT ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE

3.0%

(APRIL 2023)

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

+6.0%

2023 vs. 2022

(APRIL 2023 vs. APRIL 2022)

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$323.41

# OF HOTEL ROOMS OPEN FOR BOOKING:

TRANSPORTATION 2023 VS. 2022

2,977

NEWPORT BEACH SHORT-TERM VACATION RENTALS (MAY 21 - 27, 2023)

NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY RATE

41.5%

NEWPORT BEACH SHORT-TERM RENTALS WEEKLY AVERAGE RATE

$476.82

NEWPORT BEACH SHORT-TERM RENTALS MONTHLY % CHANGE IN SUPPLY

.09%

MAY- JUNE 2023

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

ORANGE COUNTY/JOHN WAYNE AIRPORT # OF MONTHLY PASSENGERS

MARCH 2023

994,554

MARCH 2022 +2.9%

916,767

US AUTO MARKET SALES BY MONTH MAY 2023

291,301

MAY 2022

1,130,238


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