NEWPORT BEACH & COMPANY: COVID-19 ECONOMIC RECOVERY DASHBOARD: NOVEMBER 18, 2020

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NOVEMBER 18, 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 8-14, 2020)

OPEN HOTELS (ONLY OPEN HOTELS)

36.5%

(SEPTEMBER 2020)

9.0%

(NOVEMBER 8-14, 2020)

(SEPTEMBER 2020)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

ALL HOTELS (OPEN & CLOSED HOTELS)

28.5%

-29.3%

(NOVEMBER 8-14, 2020)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

-49.5%

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$311.64

(NOVEMBER 8-14, 2020) # OF HOTEL ROOMS OPEN FOR BOOKING:

FASHION ISLAND HOTEL

NEWPORT BEACH REAL ESTATE (OCTOBER 2020)

(NOVEMBER 8-14) 2020 vs. 2019

CLOSED HOTELS: RENAISSANCE HOTEL NEWPORT BEACH

(SEPTEMBER 2020 vs. SEPTEMBER 2019)

2,612

# OF HOTEL ROOMS CLOSED:

739

U.S. AUTOMOBILE SALES (OCTOBER 2020 vs. 2019)

# OF AUTOMOBILES SOLD YOY % CHANGE

-64%

(OCTOBER 2020 vs. OCTOBER 2019)

JOHN WAYNE AIRPORT (SNA) (SEPTEMBER 2020)

NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE

-28.0%

(OCTOBER 2020 vs. OCTOBER 2019)

U.S. VISA SPENDING IN NEWPORT BEACH (3RD QUARTER 2020 VS. 2019)

DOMESTIC U.S. CREDIT CARD SPENDING IN NEWPORT BEACH

-15.6%

(3RD QUARTER 2020 VS. 2019)

CALIFORNIA & LA RESTAURANTS (WEEK OF NOVEMBER 11-17, 2020) YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

-45.5%

-65.5%

(WEEK OF NOVEMBER 11-170) 2020 vs. 2019

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

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

(SEPTEMBER 2020 vs. SEPTEMBER 2019)

(WEEK OF NOVEMBER 11-17, 2020)

-68%

69%

48%


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