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

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AUGUST 19, 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

(AUGUST 9-15, 2020)

ALL HOTELS (OPEN & CLOSED)

(JUNE 2020)

13.7%

42.6%

(JUNE 2020)

(AUGUST 9-15, 2020)

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

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

-28.1%

32.6%

(JUNE 2020 vs. JUNE 2019)

(AUGUST 9-15, 2020)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE ALL HOTELS

-47.1%

NEWPORT BEACH REAL ESTATE (JULY 2020)

(AUGUST 9-15) 2020 vs. 2019

NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

(JULY 2020 vs. JULY 2019)

(AUGUST 9-15, 2020)

INT’L VISA SPENDING IN NEWPORT BEACH

$286.35

CLOSED HOTELS: RENAISSANCE HOTEL NEWPORT BEACH FASHION ISLAND HOTEL

# OF HOTEL ROOMS OPEN FOR BOOKING:

2,612

# OF HOTEL ROOMS CLOSED:

-20.8%

(2ND QUARTER 2020 VS. 2019)

INTERNATIONAL CREDIT CARD SPENDING IN NEWPORT BEACH

-79.9%

739

(2ND QUARTER 2020 VS. 2019)

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 AUGUST 12-18, 2020)

YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

-62.6%

-80.6%

(WEEK OF AUGUST 12-18) 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 AUGUST 12-18, 2020)

-80.2%

53%

34%


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