NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD: AUGUST 5, 2020

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AUGUST 5, 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 26-AUG 1, 2020)

ALL HOTELS (OPEN & CLOSED)

(JUNE 2020)

13.7%

42.0%

(JUNE 2020)

(JULY 26-AUGUST 1, 2020)

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

37.9%

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

-28.1%

(JULY 26-AUGUST 1, 2020)

(JUNE 2020 vs. JUNE 2019)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE ALL HOTELS

NEWPORT BEACH REAL ESTATE

-52.7%

(JUNE 2020)

(JULY 26-AUGUST 1) 2020 vs. 2019

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$288.76

(JULY 26-AUGUST 1, 2020) CLOSED HOTELS: RENAISSANCE HOTEL NEWPORT BEACH FASHION ISLAND HOTEL

# OF HOTEL ROOMS OPEN FOR BOOKING:

2,582

# OF HOTEL ROOMS CLOSED:

NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE

-26.4%

(JUNE 2020 vs. JUNE 2019)

NEWPORT BEACH REAL ESTATE MONTHLY AVERAGE LIST PRICE

$3.6 MILLION (JUNE 2020)

737

HOTEL NOTES:

NEWPORT DUNES WATERFRONT RESORT AND SOME SMALL INNS & B&Bs, ARE NOT INCLUDED IN STR’S WEEKLY HOTEL REPORTS—ONLY MONTHLY REPORTS. NEWPORT BEACH & COMPANY IS WORKING ON SOLUTIONS TO ADD UNREPORTED HOTELS TO PROVIDE EVEN MORE PRECISE METRICS.

JOHN WAYNE AIRPORT (SNA) (JUNE 2020)

CALIFORNIA & LA RESTAURANTS

(WEEK OF JULY 29-AUGUST 4, 2020) YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

-65.1%

-84.5%

(WEEK OF JULY 29-AUGUST 4) 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 29-AUGUST 4, 2020)

-80.2%

52%

30%


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