NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD: OCTOBER 14, 2020

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OCTOBER 14, 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

(OCTOBER 4-10, 2020)

OPEN HOTELS (ONLY OPEN HOTELS)

42.9%

(AUGUST 2020)

9.9%

(OCTOBER 4-10, 2020)

(AUGUST 2020)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

ALL HOTELS (OPEN & CLOSED HOTELS)

33.4%

-32.6%

(OCTOBER 4-10, 2020)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

-43.2%

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$302.95

(OCTOBER 4-10, 2020)

RENAISSANCE HOTEL NEWPORT BEACH FASHION ISLAND HOTEL

NEWPORT BEACH REAL ESTATE (AUGUST 2020)

(OCTOBER 4-10) 2020 vs. 2019

CLOSED HOTELS:

(AUGUST 2020 vs. AUGUST 2019)

# OF HOTEL ROOMS OPEN FOR BOOKING:

2,612

# OF HOTEL ROOMS CLOSED:

739

NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE

-24.1%

(AUGUST 2020 vs. AUGUST 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.

CALIFORNIA & LA RESTAURANTS (WEEK OF OCTOBER 7-13, 2020)

JOHN WAYNE AIRPORT (SNA) (AUGUST 2020)

YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

-42.1%

-68.3%

(WEEK OF OCTOBER 7-13) 2020 vs. 2019

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

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

(AUGUST 2020 vs. AUGUST 2019)

(WEEK OF OCTOBER 7-13, 2020)

-71.7%

68%

45%


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