NEWPORT BEACH ECONOMIC DASHBOARD: November 17, 2023

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NOVEMBER 17, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY

NEWPORT BEACH HOTELS (NOVEMBER 05 - NOVEMBER 11, 2023)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS)

71.6%

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ALL HOTELS (OPEN & CLOSED HOTELS)

71.5%

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

5.3%

ORANGE COUNTY UNEMPLOYMENT ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE

3.7%

(SEPTEMBER 2023)

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

+5.5%

2023 vs. 2022

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

(SEPTEMER 2023 vs. SEPTEMBER 2022)

$313.35

# OF HOTEL ROOMS OPEN FOR BOOKING:

TRANSPORTATION 2023 VS. 2022

2,977

NEWPORT BEACH SHORT-TERM VACATION RENTALS (NOVEMBER 05 - NOVEMBER 11, 2023)

NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY RATE

39.5%

NEWPORT BEACH SHORT-TERM RENTALS WEEKLY AVERAGE RATE

$477.93

SOURCE: STR, OCAIR.COM, KEY DATA DASHBOARD , OPENTABLE.COM, BLS.GOV, GOODCARBADCAR.NET

ORANGE COUNTY/JOHN WAYNE AIRPORT # OF MONTHLY PASSENGERS

JUNE 2023

1,059,277

JUNE 2022 +5.4%

1,001,249

US AUTO MARKET SALES BY MONTH OCTOBER 2023

660,569

OCTOBER 2022

1,177,725


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