NEWPORT BEACH COVID-19 ECONOMIC RECOVERY DASHBOARD: April 14, 2022

APRIL 14, 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 3– APRIL 9, 2022)

(FEBRUARY 2022)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

(MARCH 27 – APRIL 2, 2022)

62.3%

ALL HOTELS (OPEN & CLOSED HOTELS)

58.9%

(APRIL 3– APRIL 9, 2022)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

+16.8%

(APRIL 3– APRIL 9, 2022) 2022vs. 2021

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$331.51

(APRIL 3– APRIL 9, 2022) CLOSED HOTELS:

# OF HOTEL ROOMS OPEN FOR BOOKING:

PENDRY NEWPORT BEACH

# OF HOTEL ROOMS CLOSED:

3,056 295

(FEBRUARY 2022)

5.4%

+32.5%

(FEBRUARY 2022 vs. FEBRUARY 2021)

JOHN WAYNE AIRPORT (SNA)

(FEBRUARY 2022 vs. FEBRUARY 2021) ORANGE COUNTY/JOHN WAYNE AIRPORT

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

227,402

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

CALIFORNIA & LA RESTAURANTS (WEEK OF MARCH 30 – APRIL 5, 2022)

YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

+2.84%

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

1,536,038

1,152,024

717,400

+4.79%

(WEEK OF APRIL 3– APRIL 12, 2022) 2021 vs. 2020

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

100%

90%

(WEEK OF APRIL 3– APRIL 12, 2022)

APRIL 14, 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)

68.2

75 65 55

40.8

46.6

45

36.9

35

24.2

21.3

21.9

22-Jan

29-Jan

5-Feb

54.7

49.2

33.2

30.6

25

56.6

66.7

64.0

56.5

30.8

30.8

42.6

38.2

33.9

59.1

62.3

54.3

53.3

2-Apr

9-Apr

15 12-Feb 19-Feb This Year

26-Feb 5-Mar Last Year

12-Mar

19-Mar

26-Mar

NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF MARCH 19 – APRIL 2, 2022)

DAILY OCCUPANCY RATE (%)

90 .0%

67.4% 68.9% 67.3% 65.7% 68.7% 61.6%

72.9% 69.6% 70.7% 67.8% 65.4% 66.6%

80.0% 70.0%

60.0% 54.2% 50.0%

48.8%

69.2% 59.8% 64.0% 62.3% 55.5% 56.5% 46.6%

73.5% 66.6% 70.8% 64.3% 63.3% 54.2% 43.1%

40.0% 30.0% 20.0% 10.0% 0.0% MAR 13-19, 202 2

MAR 2 0-26, 2 022 SUN

MON

TUE

MAR 2 7-APR 2 , 2022

WED

THU

FR I

APR 3-APR 9, 202 2

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 202 2

MAY

62.6%

37.3%

JUN 202 1

71.6%

38.2%

JUL 202 0

SOURCE: APRIL 6, 2022, STR.COM: MONTHLY DATA THROUGH FEBRUARY

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 14, 2022 WEEKLY REPORT

NEWPORT BEACH & COMPANY

COVID-19 ECONOMIC RECOVERY DASHBOARD

HOTEL PERFORMANCE

NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE (WEEKS OF JANUARY 15, 2021 – APRIL 2, 2022)

385 365 345 325 305 285 265 245 225

$364.45 $335.55 $334.10

$321.20

$315.15

$313.70 $312.46 $309.93

$298.45 $292.15

$331.51

$307.…

$288.79

$316.96

$304.83 $263.99 $263.31 $265.92 22-Jan

29-Jan

5-Feb

$274.78

$265.65 $263.03 $274.37 $268.24

$255.43 12-Feb

19-Feb

26-Feb

5-Mar

This Year

12-Mar

19-Mar

26-Mar

2-Apr

9-Apr

Last Year

NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (FEBRUARY 20 – MARCH 19, 2022)

22

4/

2/

2

22

1/

4/

/2

31 3/

3/

30

/2

2

2

2

/2

/2

29

3/

3/

28

22

2 3/

27

/2

2

/2

26

3/

3/

25

/2

2

2

/2

3/

24

2

3/

23

/2

2

/2

3/

22

21

3/

3/

20

/2

/2

2

2

2 3/

19

/2

2

/2

18

3/

3/

17

/2

2

2 3/

16

/2

2

/2

15 3/

2

3/

14

/2

2

/2

13

3/

3/

12

/2

2

2

/2 11

3/

22

/2

10

3/

9/

22

3/

3/

7/

8/

22

22 3/

3/

6/

AVERAGE DAILY RATE ($)

[

$358 $362 $367 $364 $326 $400 $365 $372 $358 $363 $297 $321 $316 $318 $297 $313 $337 $295 $295 $311 $350 $314 $309 $303 $301 $307 $293 $294 $288 $288 $300 $250 $200 $150 $100 $50 $0

NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR FEBRUARY 2022

$442

N TA SA

A

N A

M O

N IC

A

H EI M

G S

$191

IN LM A P

Y ER EV B

SOURCE: APRIL 6, 2022, STR.COM: MONTHLY DATA THROUGH FEBRUARY 2022

SP

LY

R

A B R A B N TA

OCCUPANCY RATE (%)

73%

68%

$241

H IL LS

R

A

72%

$868

A

$267

JO LL SA

AVERAGE DAILY RATE ($)

60%

68%

$241

LA

IN E V IR

PO N

A

$154

D A

N

D IE

G TO N TI N H U

$353

G O

H C A E B T PO R

$171

IN T

$227 N …

$318

68%

65%

53%

N E

W

66%

64%

53%

SA

$1,000 $800 $600 $400 $200 $0

OCCUPANCY RATE (%)

MONTHLY AVERAGE HOTEL RATE ($)

(AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR DECEMBER 2021)

80% 60% 40% 20% 0%

APRIL 14, 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 3/ /22 21 / 3/ 22 22 / 3/ 22 23 / 3/ 22 24 3/ /22 25 / 3/ 22 26 / 3/ 22 27 / 3/ 22 28 / 3/ 22 29 / 3/ 22 30 3/ /22 31 / 4/ 22 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/ 2 4/ 2 10 / 4/ 22 11 / 4/ 22 12 /2 2

2 3/

20

/2

19

18

3/

3/

% CHANGE IN WEEKLY SEATED DINERS

/2

2

(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% 92%

93%

94%

93%

93%

90%

89%

89%

91%

90%

89%

90%

FEB 23

MAR 2

MAR 9

MAR 16

MAR 23

MAR 30

APR 6

95% 75%

100%

91%

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 2 00,000 100,000 -

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 202 2

JUN 202 1

JUL AUG 202 0

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

SEP

OCT

NOV

DEC

APRIL 14, 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% 5.4% 6.4% 6.7% 6.4% 6.1% 6.2% 5.8% 5.8% 5.8% 6.3% 5.8% 6.0% 5.0% 4.7% 4.1% 4.2% 3.7% 3.7%

FEB 2021

MAR 2021

APR 2021

MAY 2021

JUN 2021

JUL 2021

CALIFORNIA

AUG 2021

SEP 2021

OCT 2021

NOV 2021

DEC 2021

JAN 2022

FEB 2022

ORANGE COUNTY

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

(CALIFORNIA vs. ORANGE COUNTY)

FEB 2021

MAR 2021

APR 2021

MAY 2021

JUN 2021

JUL 2021

AUG 2021

SEP 2021

OCT 2021

NOV 2021

DEC 2021

JAN 2022

FEB 2022

59.2% 80.0% 62.6% 38.7% 46.4% 39.1% 46.5% 47.8% 38.8% 38.0% 37.5% 23.4% 60.0% 43.5% 32.5% 35.6% 30.5% 30.4% 33.4% 27.3% 20.2% 24.8% 24.6% 22.8% 40.0% 20.0% 0.0% -20.0% -40.0% -33.9% -29.1% -60.0% -38.6% -32.3% CALIFOR NIA

ORANGE COUNTY

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

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

0.5

1.3

1.2 0.5

1.5 1.1

0.5

0.0 APR

MAY

JUN

JUL

AUG

SEP 202 2

OCT 202 1

NOV

DEC

JAN

202 0

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