NEWPORT BEACH COVID-19 ECONOMIC RECOVERY DASHBOARD: MARCH 23, 2022

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MARCH 23, 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

(MARCH 13 - 19, 2022)

OPEN HOTELS (ONLY OPEN HOTELS)

66.7%

(JANUARY 2022)

4.2%

(MARCH 13 - 19, 2022)

(JANUARY 2022)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

ALL HOTELS (OPEN & CLOSED HOTELS)

63.1%

+58.1%

(MARCH 13 - 19, 2022)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

+74.6%

(JANUARY 2022 vs. JANUARY 2021)

JOHN WAYNE AIRPORT (SNA) (JANUARY 2022 vs. JANUARY 2021)

(MARCH 13 - 19, 2022) 2021 vs. 2020

ORANGE COUNTY/JOHN WAYNE AIRPORT

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$364.45

MONTHLY # OF NOTE: COMPARING LASTPASSENGERS GOOD YEAR (2019) WITH CURRENT YEAR (2021) JAN 2021 JAN 2022

195,290

(March 6 – 9, 2022)

630,402

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 WEEK OF MARCH 16 - 22, 2022)

YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

-0.75% U.S. TOTAL AUTOMOBILE SALES (FEBRUARY 2021 vs. FEBRUARY 2022) U.S. MARKET AUTO SALES BY MONTH FEB 2021 FEB 2022

1,256,529

545,124

-9.70%

(WEEK OF MARCH 16 - 22, 2022) 2021 vs. 2020

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

94%

91%

(WEEK OF MARCH 16 - 22, 2022)


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