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APRIL 27, 2022 WEEKLY REPORT

NEWPORT BEACH & COMPANY

COVID-19 ECONOMIC RECOVERY DASHBOARD

EXECUTIVE SUMMARY

NEWPORT BEACH HOTELS

ORANGE COUNTY UNEMPLOYMENT

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

ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE

(APRIL 17-23, 2022)

(MARCH 2022)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

(APRIL 17-23, 2022)

60.8%

ALL HOTELS (OPEN & CLOSED HOTELS)

57.5%

(MARCH 2022)

4.9%

+28.4%

(APRIL 17-23, 2022)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

+36.5%

JOHN WAYNE AIRPORT (SNA)

(FEBRUARY 2022 vs. FEBRUARY 2021)

(APRIL 17-23, 2022) 2022 vs. 2021

ORANGE COUNTY/JOHN WAYNE AIRPORT

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$328.87

(APRIL 17-23, 2022)

MONTHLY # OF PASSENGERS NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021) FEB 2021 FEB 2022

227,402

717,400

NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021)

CLOSED HOTELS:

# OF HOTEL ROOMS OPEN FOR BOOKING:

PENDRY NEWPORT BEACH

# OF HOTEL ROOMS CLOSED:

3,056 295

U.S. TOTAL AUTOMOBILE SALES (MARCH 2021 vs. MARCH 2022) U.S. MARKET AUTO SALES BY MONTH MAR 2021 MAR 2022

1,536,038

(MARCH 2022 vs. MARCH 2021)

1,152,024

CALIFORNIA & LA RESTAURANTS (WEEK OF APRIL 19 - 26, 2022)

YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

-0.71%

-10.73%

(WEEK OF APRIL 19 - 26, 2022) 2021 vs. 2020

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

92%

87%

(WEEK OF APRIL 19 - 23, 2022)

APRIL 27, 2022 WEEKLY REPORT

NEWPORT BEACH & COMPANY

COVID-19 ECONOMIC RECOVERY DASHBOARD

HOTEL PERFORMANCE

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)

(2022 vs. 2021) 68.3%

70 60 50

46.6%

49.2%

56.6%

54.8%

66.7%

64.1%

54.3%

40 30

59.2%

56.5%

21.9%

20 5-FEB

30.6%

33.2%

30.9%

30.8%

33.9%

12-FEB 19-FEB 26-FEB 5-MAR 12-MAR 19-MAR 26-MAR 2-APR

61.7%

60.8%

42.8%

44.5%

53.3%

42.7%

38.2%

THIS YEAR

62.3%

9-APR

16-APR 23-APR

LAST YEAR

NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF MARCH 27 – APRIL 23, 2022)

DAILY OCCUPANCY RATE (%)

90.0% 70.0% 60.0% 50.0%

73.6% 66.6% 70.9% 64.3% 63.3%

69.2% 59.8% 64.0% 62.3% 55.5% 56.5%

80.0%

54.2%

46.6%

71.0% 70.1% 65.3% 70.0% 61.3%

59.6% 68.6% 66.1% 60.5% 66.1% 60.4% 50.4%

49.2%

43.1%

38.6%

40.0% 30.0% 20.0% 10.0% 0.0% MAR 27-APR 2, 2022

APR 3-9, 2022 SUN

MON

TUE

APR 10-16, 2022 WED

THU

FRI

APR 17-23, 2022

SAT

NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR-OVER-YEAR COMPARISON FOR 2022, 2021 & 2020)

MONTHLY AVERAGE DAILY RATE ($)

100.0% 80.0% 60.0% 40.0% 20.0%

69.1%

79.8% 52.7% 38.5%

37.5%

22.7%

29.6%

30.0%

0.0% JAN

FEB

47.7%

MAR

52.6%

27.6% 13.5% APR 2022

MAY

62.6%

37.3%

JUN 2021

71.6%

38.2%

JUL 2020

SOURCE: APRIL 27, 2022, STR.COM: MONTHLY DATA THROUGH FEBRUARY 2022

61.7%

58.1%

59.8%

44.2%

43.9%

45.2%

AUG

SEP

OCT

53.4%

34.3% NOV

51.1%

25.0% DEC

APRIL 27, 2022 WEEKLY REPORT

NEWPORT BEACH & COMPANY

COVID-19 ECONOMIC RECOVERY DASHBOARD

HOTEL PERFORMANCE

NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE

AVERAGE WEEKLY RATE ($)

(WEEKS OF FEBRUARY 05, 2021 – APRIL 23, 2022)

405 385 365 345 325 305 285 265 245 225

$369.30 $335.55 $334.10

$315.15

$313.70 $312.46 $309.93

$304.83

$292.15 $307.90 $265.92 5-FEB

$255.43

$274.37 $268.24 $274.78 $265.65 $263.03

$333.92 $336.60 $328.87

$316.96 $287.13 $290.00

$288.79

12-FEB 19-FEB 26-FEB 5-MAR 12-MAR 19-MAR 26-MAR 2-APR THIS YEAR

9-APR

16-APR 23-APR

LAST YEAR

NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (MARCH 27 – APRIL 23, 2022)

3/ 27 /2 3/ 22 28 / 3/ 22 29 / 3/ 22 30 / 3/ 22 31 /2 4/ 2 1/ 2 4/ 2 2/ 2 4/ 2 3/ 2 4/ 2 4/ 2 4/ 2 5/ 2 4/ 2 6/ 2 4/ 2 7/ 2 4/ 2 8/ 2 4/ 2 9/ 4/ 22 10 /2 4/ 2 11 / 4/ 22 12 / 4/ 22 13 / 4/ 22 14 / 4/ 22 15 / 4/ 22 16 / 4/ 22 17 / 4/ 22 18 / 4/ 22 19 / 4/ 22 20 / 4/ 22 21 / 4/ 22 22 / 4/ 22 23 /2 2

AVERAGE DAILY RATE ($)

[

$357 $354 $326 $346 $400 $348 $335 $356 $341 $347 $297 $297 $335 $335 $313 $313 $334 $334 $319 $317 $323 $350 $310 $325 $314 $303 $301 $318 $305 $300 $288 $250 $200 $150 $100 $50 $0

NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR FEBRUARY 2022 $800

64%

$600

73%

77%

$247

$190

63%

73%

77%

76%

$172

$266

$289

68%

77%

75%

$263

$224

82%

AVERAGE DAILY RATE ($)

SOURCE: APRIL 27, 2022, STR.COM: MONTHLY DATA THROUGH MARCH 2022

N IC A

$389

N TA

M O

H EI M SA

A LM

H YL Y ER EV B

OCCUPANCY RATE (%)

A N A

IN G S

IL L

$703

BA A R B

N TA

IN E V

JO LL LA

A D A N

PO IN T

O D IE G N

TI N G H U N

EA C H B T O R

$404

N E

W P

TO N …

$325

$200

$400

OCCUPANCY RATE (%)

MONTHLY AVERAGE HOTEL RATE ($)

(AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR MARCH 2022)

100% 80% 60% 40% 20% 0%

APRIL 27, 2022 WEEKLY REPORT

NEWPORT BEACH & COMPANY

COVID-19 ECONOMIC RECOVERY DASHBOARD

RESTAURANT & AIRPORT METRICS CALIFORNIA & LA DAILY SEATED DINERS FROM ONLINE, PHONE OR WALK-IN 4/ 2/ 2 4/ 2 3/ 2 4/ 2 4/ 2 4/ 2 5/ 2 4/ 2 6/ 2 4/ 2 7/ 2 4/ 2 8/ 2 4/ 2 9/ 2 4/ 2 10 / 4/ 22 11 / 4/ 22 12 / 4/ 22 13 / 4/ 22 14 / 4/ 22 15 / 4/ 22 16 / 4/ 22 17 / 4/ 22 18 / 4/ 22 19 / 4/ 22 20 / 4/ 22 21 / 4/ 22 22 / 4/ 22 23 / 4/ 22 24 / 4/ 22 25 / 4/ 22 26 /2 2

% CHANGE IN WEEKLY SEATED DINERS

(YEAR-OVER-YEAR PERCENT CHANGE 2022 vs. 2021)

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

115% 95% 75%

93%

94%

93%

91%

92%

89%

91%

90%

89%

90%

87%

MAR 9

MAR 16

MAR 23

MAR 30

APR 6

APR 13

APR 20

55% 35%

CALIFORNIA

LOS ANGELES

ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC

MONTHLY PASSENGER TRAFFIC

(2022, 2021 & 2020)

1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 -

890,185

806,386

730,144

764,506 717,400

495,592

831,522

783,737

873,422 854,393 847,671

585,735

385,396 360,402

181,486

337,981 25,313

195,290 227,402 JAN

FEB

MAR

APR

239,120

266,986 274,813

307,865

277,020 231,033

82,342

MAY 2022

JUN 2021

JUL AUG 2020

SOURCE: OPENTABLE AND SNA/JWA AIRPORT : MONTHLY DATA THROUG FEBRUARY 2022

SEP

OCT

NOV

DEC

APRIL 27, 2022 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%

8.5%

8.3% 8.0% 7.7% 7.6% 7.6% 7.0% 6.5% 5.3% 6.4% 6.7% 6.4% 6.1% 6.2% 5.8% 5.8% 5.7% 6.3% 6.0% 5.8% 5.0% 4.7% 4.1% 4.2% 3.7% 4.9% 3.7% 3.1%

FEB 2021

MAR 2021

APR 2021

MAY 2021

JUN 2021

JUL 2021

AUG 2021

CALIFORNIA

SEP 2021

OCT 2021

NOV 2021

DEC 2021

JAN 2022

FEB 2022

MAR 2022

ORANGE COUNTY

2020-2021 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE YOY PERCENT CHANGE (%)

(CALIFORNIA vs. ORANGE COUNTY)

MAR 2021 80.0%

APR 2021

MAY 2021

JUN 2021

JUL 2021

AUG 2021

SEP 2021

OCT 2021

NOV 2021

DEC 2021

JAN 2022

FEB 2022

MAR 2022

59.2% 62.6% 38.7% 45.6% 39.1% 46.5% 47.8% 38.8% 38.0% 37.5% 41.1% 43.5% 23.4% 35.6% 32.2% 30.5% 28.4% 30.4% 33.4% 27.3% 20.2% 24.8% 24.6% 22.8%

60.0% 40.0% 20.0% 0.0% -20.0%

-40.0% -29.1% -32.3%

CALIFORNIA

ORANGE COUNTY

SOURCE: U.S. BUREAU OF LABOR STATISTICS : MONTHLY DATA THROUGH MARCH

U.S. AUTOMOBILE SALES BY MONTH

# OF AUTOMOBILES SOLD (MILLIONS)

(DECEMBER 2020 – DECEMBER 2021 vs. PRIOR YEAR) 2.0 1.5

1.5

1.5 1.1

1.0

1.3 1.2

1.1

1.3

1.1

1.4

1.3

1.0

1.5

1.3 1.0

1.0

1.2

1.0

0.5

1.3

1.2 0.5

1.5 1.2

0.5

0.0 APR

MAY

JUN

JUL

AUG

SEP 2022

OCT 2021

NOV

DEC

JAN

2020

FEB

MAR