NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD: NOVEMBER 11, 2020

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NOVEMBER 11, 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

(NOVEMBER 1-7, 2020)

OPEN HOTELS (ONLY OPEN HOTELS)

34.6%

(SEPTEMBER 2020)

9.0%

(NOVEMBER 1-7, 2020)

(SEPTEMBER 2020)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

ALL HOTELS (OPEN & CLOSED HOTELS)

27.0%

-29.3%

(NOVEMBER 1-7, 2020)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

-58.2%

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$293.41

(NOVEMBER 1-7, 2020)

RENAISSANCE HOTEL NEWPORT BEACH

# OF HOTEL ROOMS OPEN FOR BOOKING:

FASHION ISLAND HOTEL

NEWPORT BEACH REAL ESTATE (OCTOBER 2020)

(NOVEMBER 1-7) 2020 vs. 2019

CLOSED HOTELS:

(SEPTEMBER 2020 vs. SEPTEMBER 2019)

2,612

# OF HOTEL ROOMS CLOSED:

739

NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE

-28.0%

(OCTOBER 2020 vs. OCTOBER 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 NOVEMBER 4-10, 2020)

JOHN WAYNE AIRPORT (SNA) (SEPTEMBER 2020)

YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

-49.9%

-69.7%

(WEEK OF NOVEMBER 4-10) 2020 vs. 2019

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

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

(SEPTEMBER 2020 vs. SEPTEMBER 2019)

(WEEK OF NOVEMBER 4-10, 2020)

-68%

69%

46%


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