JUNE 9, 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
ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE
(MAY 29 – JUNE 4, 2022)
(APRIL 2022)
OPEN HOTELS (ONLY OPEN HOTELS)
58.2%
2.7%
(MAY 29 – JUNE 4, 2022)
(APRIL 2022)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
ALL HOTELS (OPEN & CLOSED HOTELS)
55.0%
+31.7%
(MAY 29 – JUNE 4, 2022)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
+2.3%
(APRIL 2022 vs. APRIL 2021)
JOHN WAYNE AIRPORT (SNA) (APRIL 2022 vs. APRIL 2021)
(MAY 29 – JUNE 4, 2022) 2022 vs. 2021
ORANGE COUNTY/JOHN WAYNE AIRPORT
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$366.94
MONTHLY # OF NOTE: COMPARING LASTPASSENGERS GOOD YEAR (2019) WITH CURRENT YEAR (2021) APR 2021 APR 2022
495,592
(MAY 29 – JUNE 4, 2022)
958,826
NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021)
CLOSED HOTELS:
PENDRY NEWPORT BEACH
# OF HOTEL ROOMS OPEN FOR BOOKING:
3,056 # OF HOTEL ROOMS CLOSED:
295
CALIFORNIA & LA RESTAURANTS (WEEK OF JUNE 2 -8, 2022)
YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
-7.32% U.S. TOTAL AUTOMOBILE SALES (APRIL 2021 vs. APRIL 2022)
U.S. MARKET AUTO SALES BY MONTH APR 2021 APR 2022
1,493,938
643,491
-21.10%
(WEEK OF JUNE 2 - 8, 2022) 2021 vs. 2020
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
91%
(WEEK OF JUNE 2 - 8, 2022)
87%
JUNE 9, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)
(2022 vs. 2021)
75 70 65 60 55 50 45 40 35 30
66.7 %
64.0 %
62.3 %
59.1 %
54.3 %
19-MAR
26-MAR
60.8 %
65.3 % 60.2 %
53.3 %
42.6 %
38.2 %
61.7 %
2-APR
9-APR
61.0 %
65.2 % 58.4 %
55.1 %
55.0 %
21-MAY
28-MAY
58.2 % 56.9 %
50.2 % 45.3 %
42.7 %
44.5 %
16-APR
23-APR 30-APR 7-MAY 14-MAY THIS YEAR LAST YEAR
44.4 %
4-JUN
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF MAY 8 – JUNE 4, 2022)
DAILY OCCUPANCY RATE (%)
90.0% 80.0% 70.0%
55.0%
60.0% 50.0% 40.0%
69.7% 69.4% 74.4% 68.5% 67.6% 61.4%
67.3% 72.0% 65.2% 66.4% 63.4%
45.4%
37.8%
79.6% 61.5% 55.5% 62.4% 55.5% 46.7% 47.4%
72.1% 68.2% 54.4% 53.1% 45.9% 42.2%
71.4%
30.0% 20.0% 10.0% 0.0% MAY 8-14, 2022
MAY 15-21, 2022 SUN
MON
TUE
MAY 22-28, 2022 WED
THU
FRI
MAY. 29 - JUN 4, 2022
SAT
NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR-OVER-YEAR COMPARISON FOR 2022, 2021 & 2020)
MONTHLY AVERAGE DAILY RATE ($)
100.0% 80.0%
69.1%
20.0%
63.60% 52.7%
60.0% 40.0%
79.8% 62.5%
52.6%
62.6%
71.6%
47.7% 29.6%
30.0%
0.0% JAN
58.1%
59.8%
44.2%
43.9%
45.2%
53.4%
51.1%
38.5%
37.5%
22.7%
61.7%
FEB
MAR
27.6% 13.5% APR 2022
SOURCE: JUNE 9, 2022, STR.COM: MONTHLY DATA THROUGH APRIL 2022
MAY
37.3%
JUN 2021
38.2%
JUL 2020
AUG
SEP
34.3% OCT
NOV
25.0% DEC
JUNE 9, 2022 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE AVERAGE WEEKLY RATE ($)
(WEEKS OF MARCH 19, 2021 – JUNE 4, 2022)
400
$369.30
380
$366.94
360
$333.92
$315.15
340
$339.28
$329.60
$306.73
320 300
$307.90
280 260
$274.78
240
$318.76
$331.17
$326.39
$343.88
$316.96
$288.79
$287.13
$290.00
$296.71
$284.94
$276.42
$280.88
14-MAY
21-MAY
$267.72
19-MAR 26-MAR
$340.40
2-APR
9-APR
16-APR
23-APR
30-APR
THIS YEAR
7-MAY
28-MAY
$303.06
4-JUN
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (MAY 8 – JUNE 4, 2022) [
AVERAGE DAILY RATE ($)
$500 $400 $300
$348 $315 $304 $322 $308 $293
$369
$378 $392 $326 $356 $306 $299 $310 $314 $316
$292
$301
$304
$390
$436
$410
$397 $389 $329 $330 $331 $340
$200 $100
5/ 8/ 22 5/ 9/ 2 5/ 2 10 /2 5/ 2 11 /2 5/ 2 12 /2 5/ 2 13 /2 5/ 2 14 /2 5/ 2 15 /2 5/ 2 16 /2 5/ 2 17 /2 5/ 2 18 /2 5/ 2 19 /2 5/ 2 20 /2 5/ 2 21 /2 5/ 2 22 /2 5/ 2 23 /2 5/ 2 24 /2 5/ 2 25 /2 5/ 2 26 /2 5/ 2 27 /2 5/ 2 28 /2 5/ 2 29 /2 5/ 2 30 /2 5/ 2 31 /2 2 6/ 1/ 22 6/ 2/ 22 6/ 3/ 22 6/ 4/ 22
$0
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR FEBRUARY 2022 $800 $700 $600 $500 $400 $300 $200 $100 $0
62% 76%
80% 66%
63%
72%
79%
80%
75%
78%
83%
$332
$267
$198
$390
$171
$285
$335
$714
$310
$221
$418
NEWPORT BEA CH
HUNTINGTON BEA CH
SA N DIEGO
DA NA POINT
IRVINE
LA JOLLA
SA NTA BARBARA
BEVERLY HILLS
PALM SPRINGS
ANAHEIM
SA NTA MONICA
AVERAGE DAILY RATE ($) SOURCE: JUNE 9, 2022, STR.COM: MONTHLY DATA THROUGH APRIL 2022
OCCUPANCY RATE (%)
OCCUPANCY RATE (%)
MONTHLY AVERAGE HOTEL RATE ($)
(AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR APRIL 2022)
100% 80% 60% 40% 20% 0%
JUNE 9, 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 5/ 15 /2 5/ 2 16 /2 5/ 2 17 /2 5/ 2 18 /2 5/ 2 19 /2 5/ 2 20 /2 5/ 2 21 /2 5/ 2 22 /2 5/ 2 23 /2 5/ 2 24 /2 5/ 2 25 /2 5/ 2 26 /2 5/ 2 27 /2 5/ 2 28 /2 5/ 2 29 /2 5/ 2 30 /2 5/ 2 31 /2 6/ 2 1/ 22 6/ 2/ 22 6/ 3/ 22 6/ 4/ 22 6/ 5/ 22 6/ 6/ 22 6/ 7/ 22 6/ 8/ 22
% 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 105%
95%
92%
PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK
95% 85% 75%
88%
89%
APR 27
MAY 4
91%
88% 85%
87%
MAY 11
MAY 18
91%
87%
86% 84%
83%
MAY 25
JUN 1
87%
65% 55% 45% 35% CALI FORNI A
JUN 8
LOS ANGELES
ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2022, 2021 & 2020)
MONTHLY PASSENGER TRAFFIC
1,200,000 1,000,000
916,767 806,386
800,000
717,400
400,000
890,185 730,144
764,506 495,592
600,000
227,402
JAN
FEB
783,737
873,422
854,393
847,671
385,396
337,981 195,290
831,522
585,735
360,402
200,000 -
958,826
MAR
25,313 APR
82,342
MAY 2022
SOURCE: OPENTABLE AND SNA/JWA AIRPORT : MONTHLY DATA THROUG APRIL 2022
181,486
JUN 2021
239,120
JUL
266,986
AUG 2020
274,813
SEP
307,865
OCT
277,020
NOV
231,033
DEC
JUNE 9, 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%
8.3% 8.0% 7.7% 6.4% 6.2%
MAR 2021
APR 2021
5.8%
7.6% 7.6% 6.5%
MAY 2021
JUN 2021
7.0% 6.4% 6.1% 5.8% 5.8% 6.3% 6.0% 5.0% 4.7% 4.1%
JUL 2021
AUG 2021
SEP 2021
CALIFORNIA
OCT 2021
NOV 2021
5.7% 3.7%
DEC 2021
5.3% 4.9% 4.6% 4.2% 3.7% 3.1% 2.7%
JAN 2022
FEB 2022
MAR 2022
APR 2022
ORANGE COUNTY
2020-2021 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE YOY PERCENT CHANGE (%)
(CALIFORNIA vs. ORANGE COUNTY)
APR 2021 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0%
MAY 2021
JUN 2021
JUL 2021
AUG 2021
SEP 2021
OCT 2021
NOV 2021
DEC 2021
JAN 2022
62.6% 38.0%
59.2% 39.1%
37.5%
27.3%
46.5%
47.8%
35.6% 20.2%
24.8%
38.8% 30.4%
CALIFORNIA
38.7% 43.5% 23.4% 33.4%
FEB 2022
MAR 2022
45.6% 32.2%
41.1% 28.4%
30.5% 24.6% 22.8%
APR 2022
31.7% 21.4%
ORANGE CO UNTY
SOURCE: U.S. BUREAU OF LABOR STATISTICS : MONTHLY DATA THROUGH APRIL
U.S. AUTOMOBILE SALES BY MONTH
# OF AUTOMOBILES SOLD (MILLIONS)
(DECEMBER 2020 – DECEMBER 2021 VS. PRIOR YEAR) 2 1.5
1.3 1.2
1.1
1.3
1.3 1.1
1
1.4 1.0
1.5
1.3 1.0
1.0
1.2
1.0
0.5
0.5
1.3
1.2
1.5
1.5
1.5
1.2 0.6
0.5
0.4
0 JUN
JUL
AUG
SEP
OCT
NOV 2022
DEC 2021
JAN
FEB
2020
NEWPORT BEACH & COMPANY 1600 NEWPORT CENTER DRIVE, SUITE 120 NEWPORT BEACH, CA 92660 INFO@VISITNEWPORTBEACH.COM 800-94-COAST © 2021. NEWPORT BEACH & COMPANY
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