NEWPORT BEACH COVID-19 ECONOMIC RECOVERY DASHBOARD: DECEMBER 15, 2021

DECEMBER 15, 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

(DECEMBER 5-11, 2021)

(OCTOBER 2021)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

(DECEMBER 5-11, 2021)

60.0%

ALL HOTELS (OPEN & CLOSED HOTELS)

56.7%

(OCTOBER 2021)

4.7%

+37.0%

(DECEMBER 5-11, 2021)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

+184.4%

(DECEMBER 5-11, 2021) 2021 vs. 2020

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$284.03

(DECEMBER 5-11, 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 8-14, 2021)

YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

- 16.7%

-24.8%

(WEEK OF DECEMBER 8-14, 2021) 2021 vs. 2020

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

82%

82%

(WEEK OF DECEMBER 8-14, 2021)

DECEMBER 15, 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)

62.2%

65

56.2%

61.4%

59.8%

61.8%

61.7%

50.9%

48.8%

55

60.0%

57.9%

56.0%

45.9%

45 42.8%

35

42.1%

45.4%

43.2%

41.4%

45.5% 35.0%

25

36.9%

34.1%

35.1% 26.8%

15 25-SEP

2-OCT

9-OCT

16-OCT 23-OCT 30-OCT 6-NOV 13-NOV 20-NOV 27-NOV 4-DEC THIS YEAR

21.1% 11-DEC

LAST YEAR

NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF NOVEMBER 14 – DECEMBER 11, 2021)

DAILY OCCUPANCY RATE (%)

90.0% 67.2% 68.3% 66.5% 66.4% 61.0%

80.0%

63.5% 61.1% 66.8% 65.2% 63.2% 55.9% 60.4% 60.0% 52.8% 49.7% 51.1% 45.4% 40.9% 50.0% 46.0% 39.2% 40.0% 70.0%

30.0%

50.9% 59.8% 50.0% 54.3%

43.1% 34.5% 28.7%

51.6% 39.1%

20.0% 10.0% 0.0% NOV 14-20, 2021

NOV 21-27, 2021 SUN

MON

TUE

NOV 28-DEC 4, 2021 WED

THU

FRI

DEC 5-11, 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 15, 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 15, 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 25-DECEMBER 11, 2021)

415 395 375 355 335 315 295 275 255 235

$378.82 $326.64 $328.07

$283.21

$317.04 $312.21

$295.54 $297.59

$312.85

$306.98 $305.11

$304.17 $299.55 $262.17

25-SEP

2-OCT

9-OCT

$291.00

$276.45

$319.90

$292.78

$294.12 $288.82

$286.71 $285.37 $277.20

16-OCT 23-OCT 30-OCT 6-NOV 13-NOV 20-NOV 27-NOV 4-DEC THIS YEAR

$284.03

11-DEC

LAST YEAR

NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE

21 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 /2 1 12 /2 /2 1 12 /3 /2 12 1 /4 /2 1 12 /5 /2 1 12 /6 /2 1 12 /7 /2 12 1 /8 /2 1 12 /9 / 2 12 /1 1 0/ 12 21 /1 1/ 21

21

/1

11

11

/1

7/

21

6/

11

/1

/1

11

11

/1

5/

21

$419$416$404 $450 $362 $360 $400 $346 $300 $324 $316 $329$312 $284 $269 $350 $284 $282 $301 $309 $302 $289 $274 $283 $275 $276 $271 $269 $266 $275 $300 $265 $250 $200 $150 $100 $50 $0 4/

AVERAGE DAILY RATE ($)

(NOVEMBER 14- DECEMBER 11, 2021)

NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR SEPTEMBER 2021

SOURCE: DECEMBER 15, 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 15, 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 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 / 12 21 /8 12 /22 /9 12 /23 /1 0 12 /2 /1 4 1 12 /25 /1 2 12 /2 /1 6 3 12 /2 /1 7 4/ 28

% 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

% OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK

85% 75%

82%

81%

82%

81%

OCT 27

NOV 3

82%

83%

82%

78%

79%

NOV 10

NOV 17

84%

83%

82%

81%

82%

DEC 1

DEC 8

65% 55% 45%

CALIFORNIA

NOV 24 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 15, 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

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