NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD (JULY 29, 2020)

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JULY 29, 2020 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

(JULY 19-25, 2020)

ALL HOTELS (OPEN & CLOSED)

(JUNE 2020)

13.7%

34.8%

(JUNE 2020)

(JULY 19-25, 2020)

OPEN HOTELS (ONLY OPEN HOTELS)

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

(JULY 19-25, 2020)

(JUNE 2020 vs. JUNE 2019)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

-28.1%

31.4%

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE ALL HOTELS

-61.8%

(JULY 19-25) 2020 vs. 2019

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$320.99

RENAISSANCE HOTEL NEWPORT BEACH FASHION ISLAND HOTEL

(JUNE 2020)

NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE

-26.4%

(JUNE 2020 vs. JUNE 2019)

(JULY 19-25, 2020) CLOSED HOTELS:

NEWPORT BEACH REAL ESTATE

# OF HOTEL ROOMS OPEN FOR BOOKING:

2,582

NEWPORT BEACH REAL ESTATE MONTHLY AVERAGE LIST PRICE

$3.6 MILLION (JUNE 2020)

# OF HOTEL ROOMS CLOSED:

737

CALIFORNIA & LA RESTAURANTS (WEEK OF JULY 22-28, 2020)

ORANGE COUNTY/ JOHN WAYNE AIRPORT (JUNE 2020)

YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

-68.8%

-86.5%

(WEEK OF JULY 22-28) 2020 vs. 2019

ORANGE COUNTY/ JOHN WAYNE AIRPORT MONTHLY # OF PASSENGERS % CHANGE

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

(JUNE 2020 vs. JUNE 2019)

(WEEK OF JULY 22-28, 2020)

-80.2%

50%

28%


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