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NEWPORT BEACH ECONOMIC DASHBOARD: August 25, 2023

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AUGUST 25, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY NEWPORT BEACH HOTELS (AUGUST 13 - 19, 2023)

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

71.9%

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ALL HOTELS (OPEN & CLOSED HOTELS)

70.3%

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

8.3%

ORANGE COUNTY UNEMPLOYMENT ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE

3.7% (JUNE 2023)

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

+4.1%

2023 vs. 2022

(JUNE 2023 vs. JUNE 2022)

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$382.55

# OF HOTEL ROOMS OPEN FOR BOOKING:

TRANSPORTATION 2023 VS. 2022

2,977

NEWPORT BEACH SHORT-TERM VACATION RENTALS (AUGUST 13 - 19, 2023)

NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY RATE

51.9%

NEWPORT BEACH SHORT-TERM RENTALS WEEKLY AVERAGE RATE

$595.49

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

ORANGE COUNTY/JOHN WAYNE AIRPORT # OF MONTHLY PASSENGERS

JUNE 2023

1,059,277

JUNE 2022 +5.4%

1,001,249

US AUTO MARKET SALES BY MONTH JULY 2023

711,671

JULY 2022

1,125,419


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