DECEMBER 08, 2021 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
(NOVEMBER 28-DECEMBER 4, 2021)
(OCTOBER 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE
(NOVEMBER 28-DECEMBER 4, 2021)
45.9%
ALL HOTELS (OPEN & CLOSED HOTELS)
43.4%
(OCTOBER 2021)
4.7%
+37.0%
(NOVEMBER 28-DECEMBER 4, 2021)
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS
+71.4%
(NOVEMBER 28-DECEMBER 4, 2021) 2021 vs. 2020
NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE
$292.55
(NOVEMBER 28-DECEMBER 4, 2021)
CLOSED HOTELS: FASHION ISLAND HOTEL
JOHN WAYNE AIRPORT (SNA)
(OCTOBER 2021 vs. OCTOBER 2019) ORANGE COUNTY/JOHN WAYNE AIRPORT
MONTHLY # OF PASSENGERS NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021) OCT 2019 OCT 2021
897,873
873,422
NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021)
# OF HOTEL ROOMS OPEN FOR BOOKING:
3,056
# OF HOTEL ROOMS CLOSED:
295
U.S. TOTAL AUTOMOBILE SALES
(NOVEMBER 2020 vs. NOVEMBER 2021) U.S. MARKET AUTO SALES BY MONTH NOV 2020 NOV 2021
1,199,580
(OCTOBER 2021 vs. OCTOBER 2020)
375,391
CALIFORNIA & LA RESTAURANTS (WEEK OF DECEMBER 1-7, 2021)
YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES
- 9.81%
-20.6%
(WEEK OF DECEMBER 1-7, 2021) 2021 vs. 2020
% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES
83%
81%
(WEEK OF DECEMBER 1-7, 2021)
DECEMBER 08, 2021 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE
WEEKLY OCCUPANCY RATE (%)
(2021 vs. 2020)
70 65 60 55 50 45 40 35 30 25 20
60.8%
62.2% 56.2%
61.4%
59.8%
61.8%
61.7% 55.1%
57.9% 50.9%
48.8%
42.8%
42.6%
42.1%
43.1%
45.4%
45.5%
41.3%
36.9%
34.9% 18-SEP 25-SEP
2-OCT
9-OCT
45.1%
34.1%
35.1% 26.8%
16-OCT 23-OCT 30-OCT 6-NOV 13-NOV 20-NOV 27-NOV 4-DEC THIS YEAR LAST YEAR
NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF NOVEMBER 7 – DECEMBER 4, 2021)
DAILY OCCUPANCY RATE (%)
90.0% 75.7% 75.2% 69.5% 63.5% 61.1% 66.8% 63.1% 65.2% 63.2% 59.9% 55.9% 60.4% 52.6% 52.8% 49.7% 51.1% 46.0% 45.4% 40.9% 39.2% 36.7%
80.0% 70.0% 60.0% 50.0% 40.0% 30.0%
50.9% 59.8% 50.0% 54.3%
43.1% 34.5% 28.7%
20.0% 10.0% 0.0% NOV 7-13, 2021
NOV 14-20, 2021 SUN
MON
TUE
NOV 21-27, 2021
WED
THU
FRI
NOV 28-DEC 4, 2021
SAT
NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR-OVER-YEAR COMPARISON FOR 2021, 2020 & 2019)
MONTHLY AVERAGE DAILY RATE ($)
100.0% 80.0% 60.0% 40.0%
69.1% 68.6% 22.7%
79.8%
78.7%
74.9% 29.6%
20.0%
38.5%
75.5% 47.7%
30.0%
0.0% JAN
FEB
MAR
71.8% 52.6%
27.6% 13.5% APR 2021
SOURCE: DECEMBER 08, 2021, STR.COM
81.2%
MAY
62.6%
37.3%
JUN 2020
85.9% 71.6%
38.2%
JUL 2019
81.8%
76.2%
61.7%
58.1%
44.2%
43.9%
AUG
SEP
78.7%
45.2%
OCT
67.6%
34.3% NOV
67.3%
25.0% DEC
DECEMBER 08, 2021 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
HOTEL PERFORMANCE
NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE
AVERAGE WEEKLY RATE ($)
(WEEKS OF SEPTEMBER 18-DECEMBER 4, 2021)
415 395 375 355 335 315 295 275 255 235
$378.82
$322.46 $326.64 $328.07 $317.04 $312.21
$284.38 $283.21
$295.54 $297.59
$312.85
$306.98 $305.11
$304.17 $276.45
$319.90
$299.55
$286.71 $285.37 $262.17
18-SEP 25-SEP
2-OCT
9-OCT
$292.55
$291.00
$277.20
$294.12
16-OCT 23-OCT 30-OCT 6-NOV 13-NOV 20-NOV 27-NOV 4-DEC THIS YEAR
LAST YEAR
NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE
/2 1 /8 /2 1 11 /9 /2 11 /1 1 0/ 11 21 /1 1/ 11 21 /1 2/ 11 21 /1 3/ 11 21 /1 4/ 11 21 /1 5/ 11 21 /1 6/ 11 21 /1 7/ 11 21 /1 8/ 11 21 /1 9 11 /21 /2 0/ 11 21 /2 1 11 /21 /2 2 11 /21 /2 3 11 /21 /2 4 11 /21 /2 5 11 /21 /2 6/ 2 11 /2 1 7/ 2 11 /2 1 8/ 2 11 /2 1 9/ 2 11 /3 1 0/ 2 12 1 /1 / 12 21 /2 / 12 21 /3 / 12 21 /4 /2 1
$419$416$404 $450 $299 $362 $360 $400 $346 $296 $324 $316 $329$312 $278 $284 $350 $268 $302$300 $284 $275 $289 $274 $283$275 $292 $273 $267 $266 $300 $265 $250 $200 $150 $100 $50 $0
11
11
/7
AVERAGE DAILY RATE ($)
(NOVEMBER 7 4- DECEMBER 4, 2021)
NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR SEPTEMBER 2021
SOURCE: DECEMBER 08, 2021, STR.COM
$178
$336
M O
H EI M
N IC A
66%
N TA
SP A LM P
YL Y ER EV B
R
H
BA A R B
OCCUPANCY RATE (%)
A N A
IN G S
S
$167
IL L
RA
A SA
AVERAGE DAILY RATE ($)
$639
61%
SA
$360
52% 52%
N TA
A
$269
D A N
N
D IE G
PO IN T
O
TO N …
$154
JO LL
$451
LA
$178
76%
IN E
$243
TI N G H U N
O R
T
B
EA C H
$338
69%
V
59%
58%
67%
IR
65%
N E
W P
67%
SA
$700 $600 $500 $400 $300 $200 $100 $0
OCCUPANCY RATE (%)
MONTHLY AVERAGE HOTEL RATE ($)
(AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR SEPTEMBER 2021)
100% 80% 60% 40% 20% 0%
DECEMBER 08, 2021 WEEKLY REPORT
NEWPORT BEACH & COMPANY
COVID-19 ECONOMIC RECOVERY DASHBOARD
RESTAURANT & AIRPORT METRICS CALIFORNIA & LA DAILY SEATED DINERS FROM ONLINE, PHONE OR WALK-IN 11 /1 1 11 /21 /1 2 11 /21 /1 3 11 /21 /1 4 11 /21 /1 5 11 /21 /1 6 11 /21 /1 7 11 /21 /1 8 11 /21 /1 9 11 /21 /2 0 11 /2 /2 1 1 11 /21 /2 2 11 /2 /2 1 3 11 /2 /2 1 4 11 /2 /2 1 5 11 /2 /2 1 6 11 /2 /2 1 7 11 /2 /2 1 8 11 /2 /2 1 9 11 /2 /3 1 0 12 /2 /1 1 / 12 21 /2 / 12 21 /3 / 12 21 /4 / 12 21 /5 / 12 21 /6 / 12 21 /7 /2 1
% CHANGE IN WEEKLY SEATED DINERS
(YEAR-OVER-YEAR PERCENT CHANGE 2021 vs. 2020)
45 25 5 -15 -35 -55 -75 CALIFORNIA RESTAURANTS
LOS ANGELES RESTAURANTS
PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK
% OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK 85%
81%
75%
80%
82%
81%
82%
81%
OCT 27
NOV 3
82%
83%
78%
79%
NOV 10
NOV 17
82%
83%
84%
81%
65% 55% 45%
OCT 20
CALIFORNIA
NOV 24
DEC 1
LOS ANGELES
ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2021, 2020 & 2019)
923,403 899,186 942,680 918,810 945,962 942,385
MONTHLY PASSENGER TRAFFIC
1,000,000 900,000 800,000 700,000 600,000
819,358 789,523
730,144 890,185
806,386
585,735
764,506
400,000 195,290
227,402
200,000
831,522 783,737
827,140
891,492
873,422
495,592 385,396
500,000 300,000
859,174 897,873
337,981
100,000
181,486
274,813 239,120 266,986
307,865 277,020
231,033
25,313 82,342
JAN
FEB
MAR
SOURCE: OPENTABLE AND SNA/JWA AIRPORT
APR
MAY 2021
JUN 2020
JUL AUG 2019
SEP
OCT
NOV
DEC
DECEMBER 08, 2021 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%
8.7%
9.3% 9.0% 8.5% 8.3% 8.0% 7.7% 7.6% 7.6% 7.5% 7.5% 7.3% 7.4% 7.3% 6.5% 6.7% 6.4% 6.6% 6.2% 6.3% 5.8% 6.0% 5.0% 4.7%
NOV 2020
DEC 2020
JAN 2021
FEB 2021
MAR 2021
APR 2021
CALIFORNIA
MAY 2021
JUN 2021
JUL 2021
AUG 2021
SEP 2021
OCT 2021
ORANGE COUNTY
2020-2021 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE YOY PERCENT CHANGE (%)
(CALIFORNIA vs. ORANGE COUNTY)
OCT 2020
NOV 2020
DEC 2020
JAN 2021
FEB 2021
MAR 2021
APR 2021
MAY 2021
JUN 2021
JUL 2021
AUG 2021
SEP 2021
OCT 2021
80.0% 62.6% 47.8% 44.1% 60.0% 39.1% 46.5% 38.0% 37.5% 37.0% 27.7% 24.8% 25.1% 40.0% 21.8% 27.3% 20.2% 20.0% 0.0% -20.0% -40.0% -25.4% -24.0% -33.9% -29.1% -30.2% -34.0% -31.4% -38.8% -38.6% -32.3% -60.0% -35.4% -41.6% CALIFORNIA ORANGE COUNTY
SOURCE: U.S. BUREAU OF LABOR STATISTICS
U.S. AUTOMOBILE SALES BY MONTH
# OF AUTOMOBILES SOLD (MILLIONS)
(OCTOBER 2020 – NOVEMBER 2021 vs. PRIOR YEAR) 2.0 1.5
1.3
1.4
1.2
1.5
1.5 1.5
1.2
1.2 1.3
1.4
1.0
1.5
1.5
1.5 1.1
0.9
1.3 1.2
1.2 1.3
1.1
1.4
1.3
0.5
0.5
1.3
1.2
1.1 0.5
0.3
0.0 OCT 2020
NOV 2020
DEC 2020
JAN 2021
FEB 2021
MAR 2021
APR 2021
THIS YEAR
MAY 2021
JUN 2021
JUL 2021
AUG 2021
SEP 2021
LAST YEAR
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OCT 2021
NOV 2021