NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD: SEPTEMBER 10, 2020

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SEPTEMBER 10, 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 30–SEPTEMBER 5, 2020)

OPEN HOTELS (ONLY OPEN HOTELS)

44.5%

(JUNE/JULY 2020)

12.3%

(AUGUST 30-SEPTEMBER 5, 2020)

(JULY 2020)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

ALL HOTELS (OPEN & CLOSED HOTELS)

31.6%

-28.1%

(AUGUST 30-SEPTEMBER 5, 2020)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

-44.1%

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$324.88

(AUGUST 30-SEPTEMBER 5, 2020)

FASHION ISLAND HOTEL

NEWPORT BEACH REAL ESTATE (JULY 2020)

(AUGUST 30-SEPTEMBER 5) 2020 vs. 2019

CLOSED HOTELS: RENAISSANCE HOTEL NEWPORT BEACH

(JUNE 2020 vs. JUNE 2019)

# OF HOTEL ROOMS OPEN FOR BOOKING:

2,612

# OF HOTEL ROOMS CLOSED:

739

NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE

-20.8%

(JULY 2020 vs. JULY 2019)

INT’L VISA SPENDING IN NEWPORT BEACH (2ND QUARTER 2020 VS. 2019)

INTERNATIONAL CREDIT CARD SPENDING IN NEWPORT BEACH

-79.9%

(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) (JULY 2020)

CALIFORNIA & LA RESTAURANTS (WEEK OF SEPTEMBER 2-8, 2020) YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

-43.1%

-69.9%

(WEEK OF SEPTEMBER 2-8) 2020 vs. 2019

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

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

(JULY 2020 vs. JULY 2019)

(WEEK OF SEPTEMBER 2-8, 2020)

-74.7%

61%

40%


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