NEWPORT BEACH COVID-19 ECONOMIC RECOVERY DASHBOARD: JANUARY 6, 2022

JANUARY 06, 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

(DECEMBER 26, 2021 – JANUARY 1, 2022)

(NOVEMBER 2021)

OPEN HOTELS (ONLY OPEN HOTELS)

49.8%

4.1%

(DECEMBER 26, 2021 – JANUARY 1, 2022)

(NOVEMBER 2021)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

ALL HOTELS (OPEN & CLOSED HOTELS)

47.1%

+28.2%

(DECEMBER 26, 2021 – JANUARY 1, 2022)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

+60.3%

(DECEMBER 26, 2021 – JANUARY 1, 2022) 2021 vs. 2020

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$440.80

(DECEMBER 26, 2021 – JANUARY 1, 2022)

(NOVEMBER 2021 vs. NOVEMBER 2020)

JOHN WAYNE AIRPORT (SNA) (OCTOBER 2021 vs. OCTOBER 2019)

ORANGE COUNTY/JOHN WAYNE AIRPORT

MONTHLY # OF NOTE: COMPARING LASTPASSENGERS GOOD YEAR (2019) CURRENT YEAR (2021) OCTWITH 2019 OCT 2021

897,873

873,422 NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021)

CLOSED HOTELS: FASHION ISLAND HOTEL

# OF HOTEL ROOMS OPEN FOR BOOKING:

3,056 # OF HOTEL ROOMS CLOSED:

295

CALIFORNIA & LA RESTAURANTS (WEEK OF DECEMBER 30, 2021 – JANUARY 5, 2022)

YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

- 16.9% U.S. TOTAL AUTOMOBILE SALES

-39.6%

(WEEK OF DECEMBER 30, 2021–JANUARY 5, 2022) 2021 vs. 2020

(DECEMBER 2020 vs. DECEMBER 2021) U.S. MARKET AUTO SALES BY MONTH DEC 2020 DEC 2021

1,597,958

1,032,349

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

78%

75%

(WEEK OF DECEMBER 30, 2021–JANUARY 5, 2022)

JANUARY 06, 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)

61.8%

61.7%

59.8%

65

60.0%

57.9%

55.9%

53.2%

50.9%

48.8%

55

45.9%

40.6%

45 45.4%

35

41.4%

45.5% 36.9%

34.9%

25

35.1%

34.1%

21.1% 26.8%

15 16-OCT

23-OCT

49.8%

30-OCT

6-NOV

13-NOV

20-NOV

27-NOV

THIS YEAR

4-DEC

11-DEC

31.1%

23.9%

23.3%

18-DEC

25-DEC

1-JAN

LAST YEAR

NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF DECEMBER 5, 2021 – JANUARY 1, 2022)

DAILY OCCUPANCY RATE (%)

90.0% 80.0%

68.3% 67.2% 66.5% 66.4% 61.0%

70.0% 60.0% 50.0% 40.0%

51.6% 39.1%

62.1% 56.6% 57.2% 51.6% 54.2% 47.2% 43.5%

46.8% 43.7% 36.5% 36.1% 45.2% 36.5% 39.2%

52.1% 56.8% 48.4% 52.0% 48.2% 48.0% 43.2%

30.0% 20.0% 10.0% 0.0% DEC 5-11, 2021

DEC 12-18, 2021 SUN

MON

TUE

DEC 19-25, 2021 WED

THU

FRI

DEC 26, 2021-JAN 1, 2022

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%

75.5%

74.9% 29.6%

20.0%

38.5%

52.6%

47.7%

30.0%

0.0% JAN

FEB

MAR

27.6% 13.5% APR 2021

SOURCE: JANUARY 06, 2022, STR.COM

71.8%

MAY

81.2% 62.6%

37.3%

JUN 2020

85.9% 71.6%

38.2%

JUL 2019

81.8%

76.2%

78.7%

61.7%

58.1%

59.8%

44.2%

43.9%

45.2%

AUG

SEP

67.6% 53.4%

34.3% OCT

67.3%

NOV

25.0% DEC

JANUARY 06, 2022 WEEKLY REPORT

NEWPORT BEACH & COMPANY

COVID-19 ECONOMIC RECOVERY DASHBOARD

HOTEL PERFORMANCE

NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE

AVERAGE WEEKLY RATE ($)

(WEEKS OF OCTOBER 16 - DECEMBER 18, 2021)

$440.60

415 395 375 355 335 315 295 275 255 235

$378.82 $361.35 $312.21

$304.17 $276.45

$312.85

$299.55

$286.71 $285.37

16-OCT

23-OCT

30-OCT

6-NOV

13-NOV

$284.97

$319.90

$294.12 $288.82

$277.20

$262.17

$312.29

$294.47

$306.98 $305.11 $291.00

20-NOV

27-NOV

THIS YEAR

4-DEC

$301.32

$310.72

$279.37

11-DEC

18-DEC

25-DEC

1-JAN

LAST YEAR

NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (DECEMBER 05, 2021 – JANUARY 01, 2022)

AVERAGE DAILY RATE ($)

$600 $500 $400 $300

$271

$269

$276

$282

$269

$301

$368

$315 $273

$301

$284

$299

$340 $301

$352

$336 $314 $313

$377

$422

$392

$478 $467 $476 $458 $416 $411 $370

$200 $100 12 /5 /2 12 1 /6 /2 12 1 /7 /2 12 1 /8 /2 12 1 /9 / 12 21 /1 0/ 12 21 /1 1/ 12 21 /1 2/ 12 21 /1 3/ 12 21 /1 4/ 12 21 /1 5/ 12 21 /1 6/ 12 21 /1 7/ 12 21 /1 8/ 12 21 /1 9/ 12 21 /2 0/ 12 21 /2 1/ 12 21 /2 2/ 12 21 /2 3/ 12 21 /2 4/ 12 21 /2 5/ 12 21 /2 6/ 12 21 /2 7/ 12 21 /2 8/ 12 21 /2 9/ 12 21 /3 0/ 12 21 /3 1/ 21 1/ 1/ 22

$0

NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR SEPTEMBER 2021 (AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR NOVEMBER 2021)

MONTHLY AVERAGE HOTEL RATE ($)

$600 $500

53%

59%

67%

63%

67%

57%

72%

69%

66%

70%

49%

$400 $300

OCCUPANCY RATE (%)

$700

$200 $100 $0

80% 60% 40% 20%

$312

$206

$167

$371

$148

$249

$282

$652

$202

$199

$337

NEWPORT BEA CH

HUNTINGTON BEA CH

SA N DIEGO

DA NA POINT

IRVINE

LA JOLLA

SA NTA BARBARA

BEVERYLY HILLS

PALM SPRINGS

ANAHEIM

SA NTA MONICA

AVERAGE DAILY RATE ($) SOURCE: JANUARY 06, 2022, STR.COM

OCCUPANCY RATE (%)

0%

JANUARY 06, 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 12 /8 12 /22 /9 12 /21 /1 12 0/2 /1 1 12 1/2 /1 1 12 2/2 /1 1 12 3/2 /1 1 12 4/2 /1 1 12 5/2 /1 1 12 6/2 /1 1 12 7/2 /1 1 12 8/2 /1 1 12 9/2 /2 1 12 0/2 /2 1 12 1/2 /2 1 12 2/2 /2 1 12 3/2 /2 1 12 4/2 /2 1 12 5/2 /2 1 12 6/2 /2 1 12 7/2 /2 1 12 8/2 /2 1 12 9/2 /3 1 12 0/2 /3 1 1/ 1/2 1/ 1 2 1/ 2 2/ 2 1/ 2 3/ 2 1/ 2 4/ 2 1/ 2 5/ 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 85%

82%

PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK

84% 75%

83%

82%

81%

82%

85% 85%

79%

65%

77%

78%

75%

75%

DEC 29

JAN 5

66%

55% 45% NOV 24

DEC 1

DEC 8

DEC 15

CALI FORNI A

DEC 22 LOS ANGELES

ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2021, 2020 & 2019)

923,403

MONTHLY PASSENGER TRAFFIC

1,000,000 900,000 800,000 700,000

819,358

899,186

789,523

945,962 890,185

831,522

783,737

239,120

266,986

274,813

JUL

AUG

SEP

897,873

827,140

891,492

873,422

495,592 385,396

400,000 300,000

942,385 859,174

585,735

764,506

500,000

918,810 730,144

806,386

600,000

942,680

195,290

227,402

200,000

337,981

100,000

181,486 25,313

82,342

APR

MAY 2021

307,865

277,020

231,033

JAN

FEB

SOURCE: OPENTABLE AND SNA/JWA AIRPORT

MAR

JUN 2020

2019

OCT

NOV

DEC

JANUARY 06, 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%

9.3%

9.0% 7.4%

DEC 2020

8.5% 7.3%

8.3%

6.7%

JAN 2021

8.0% 6.4%

FEB 2021

7.7% 6.2%

MAR 2021

5.8%

APR 2021

7.6% 6.5%

MAY 2021

CALIFORNIA

7.6%

JUN 2021

7.5% 6.3%

JUL 2021

7.5% 6.0%

AUG 2021

7.3%

5.0%

SEP 2021

6.9%

4.7%

4.1%

OCT 2021

NOV 2021

OCT 2021

NOV 2021

ORANGE COUNTY

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

(CALIFORNIA vs. ORANGE COUNTY)

DEC 2020 80.0% 60.0% 40.0% 20.0% 0.0% -20.0% -40.0% -60.0%

JAN 2021

FEB 2021

MAR 2021

APR 2021

MAY 2021

JUN 2021

62.6% 38.0% 37.5% 27.3%

JUL 2021

AUG 2021

SEP 2021

47.8% 46.5% 44.1% 39.1% 37.0% 28.8% 27.7% 25.1% 24.8% 22.2% 20.2% 20.2%

-33.9% -29.1% -34.0% -38.6% -38.8% -32.3% -35.4% -41.6% CALIFORNIA

ORANGE CO UNTY

SOURCE: U.S. BUREAU OF LABOR STATISTICS

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

1.2 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

JUN 2021

JUL 2021

1.1

1.4

1.3 1.1

1.0

1.3 0.9

1.2

1.5 1.0

0.5

0.5 0.0 DEC 2020

JAN 2021

FEB 2021

MAR 2021

APR 2021

MAY 2021 THIS YEAR

AUG 2021

SEP 2021

LAST YEAR

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