NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD: JANUARY 20, 2021

JANUARY 20, 2021 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

(JANUARY 10-16, 2021)

OPEN HOTELS (ONLY OPEN HOTELS)

24.1%

(NOVEMBER 2020)

6.4%

(JANUARY 10-16, 2021)

(NOVEMBER 2020)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

ALL HOTELS (OPEN & CLOSED HOTELS)

27.9%

-19.7%

(JANUARY 10-16, 2021)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

-70.6%

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$272.23

(JANUARY 10-16, 2021)

# OF HOTEL ROOMS OPEN FOR BOOKING:

FASHION ISLAND HOTEL

NEWPORT BEACH REAL ESTATE (DECEMBER 2020)

(JANUARY 10-16) 2021 vs. 2020

CLOSED HOTELS: RENAISSANCE HOTEL NEWPORT BEACH

(NOVEMBER 2020 vs. NOVEMBER 2019)

2,612

# OF HOTEL ROOMS CLOSED:

739

U.S. AUTOMOBILE SALES

(DECEMBER 2020 vs. 2019) # OF AUTOMOBILES SOLD YOY % CHANGE

100%

(DECEMBER 2020 vs. DECEMBER 2019)

JOHN WAYNE AIRPORT (SNA) (NOVEMBER 2020)

NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE

-20.0%

(DECEMBER 2020 vs. DECE,BER 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 JANUARY 13-19, 2021)

YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

-92.8%

-99.9%

(WEEK OF JANUARY 13-19) 2021 vs. 2020

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

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

(NOVEMBER 2020 vs. NOVEMBER 2019)

(WEEK OF JANUARY 7-13, 2021)

-64%

8%

0%

JANUARY 20, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD

HOTEL PERFORMANCE

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)

(2020 vs. 2019)

82.9%

85

69.8%

75

61.6%

63.1%

45

34.5%

36.5%

33.7%

35

20.5%

23.4%

22.8%

12-DEC

19-DEC

26-DEC

34.8% 26.3%

25

58.0%

57.1%

50.0%

45.0%

81.9%

CHRISTMAS & NYE WEEK

66.2%

63.0%

65 55

78.5%

THANKSGIVING WEEKEND

72.3%

30.7% 20.9%

24.1%

9-JAN

16-JAN

15 31-OCT

7-NOV

14-NOV

21-NOV

28-NOV

5-DEC

THIS YEAR

2-JAN

LAST YEAR

NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY WEEK (WEEKS OF DECEMBER 20, 2020 – JANUARY 16, 2021)

DAILY OCCUPANCY RATE (%)

80.0%

CHRISTMAS & NEW YEAR’S HOLIDAY WEEK

70.0% 60.0%

47.0%

50.0% 40.0% 30.0% 20.0%

46.4% 27.1% 23.4% 25.7% 23.0%

23.5% 29.1% 21.3% 19.1% 24.9% 20.6% 21.2%

37.4% 31.5%

32.0% 24.3%

18.1% 17.5% 18.6% 16.6% 19.0%

32.9% 17.9% 17.6% 19.8% 16.5% 17.3%

10.0% 0.0%

DECEMBER 20-26, 2020

DEC 27 - JAN 2, 2021 SUN

MON

TUE

JANUARY 3-9, 2021

WED

THU

FRI

JANUARY 10-16, 2021

SAT

NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES

IN G S PA LM

YL Y EV ER

SP R

H IL L

A RA

OCCUPANCY RATE (%)

$77

$214 M O N IC A

$127

19%

SA N TA

$436

22%

A N A H EI M

28%

S

$204

B

JO LL

E VI N IR

PO IN T D A N A

D IE G O SA N

AVERAGE DAILY RATE ($) SOURCE: JANUARY 20, 2021, STR.COM

$153

B

$102

A

$260

LA

$100

…

$145

H U N TI N G TO N

BE A C H T PO R N EW

22%

19%

17%

29%

BA R

25%

$299

32%

27%

SA N TA

33%

$500 $400 $300 $200 $100 $0

OCCUPANCY RATE (%)

MONTHLY AVERAGE DAILY RATE ($)

(MONTHLY AVERAGE DAILY RATE & OCCUPANCY RATE FOR DECEMBER 2020)

40% 30% 20% 10% 0%

JANUARY 20, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD

HOTEL PERFORMANCE

NEWPORT BEACH HOTELS ROOMS AVAILABLE FOR BOOKING (ROOMS SUPPLY)

% CHANGE ROOMS AVAILABLE

(PERCENT CHANGE 2020 vs. 2019)

0.0% -5.0% -10.0% -15.0% -20.0% -25.0%

DEC 13-19

DEC 20-26

DEC 27 - JAN 2

JAN 3-9

JAN 10-16

-22.1%

-22.1%

-22.1%

-22.1%

-22.1%

NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE AVERAGE WEEKLY RATE ($)

(WEEKS OF OCTOBER 31, 2020 – JANUARY 16, 2021) THANKSGIVING WEEKEND

355 335

$326

$312

315 $282

295

$293

CHRISTMAS & NYE WEEK

$302

$310

$299

$287

$283

275 255

$278

$272

235

$239

215

$240

$229

$224

14-NOV

21-NOV

195 31-OCT

7-NOV

28-NOV

$227

$232

5-DEC

12-DEC

$318 $274

$272

$241

$244

9-JAN

16-JAN

$290

$219 19-DEC

THIS YEAR

26-DEC

2-JAN

LAST YEAR

NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (DECEMBER 13, 2020 – JANUARY 16, 2021)

$400

CHRISTMAS & NEW YEAR’S WEEK

$350 $336 $333 $318 $316 $316 $312 $310 $308 $303 $305 $295 $310 $294 $298 $305 $294 $299 $299 $288 $279 $278 $300 $270 $267 $285 $266 $262 $277 $259 $263 $273 $253 $246 $256 $247 $250

AVERAGE DAILY RATE ($)

$350

$200 $150 $100 $50

12 /1 12 3/2 /1 0 15 4/2 /1 0 12 5/2 /1 0 12 6/2 /1 0 12 7/2 /1 0 12 8/2 /1 0 12 9/2 /2 0 12 0/2 /2 0 12 1/2 /2 0 12 2/2 /2 0 12 3/2 /2 0 12 4/2 /2 0 12 5/2 /2 0 12 6/2 /2 0 12 7/2 /2 0 12 8/2 /2 0 12 9/2 /3 0 12 0/2 /3 0 1/ 2 1/ 0 1/ 1/ 21 2/ 1/ 21 3/ 1/ 21 4/ 1/ 21 5/ 1/ 21 6/ 1/ 21 7/ 1/ 21 8/ 1/ 21 9 1/ /21 10 / 1/ 21 11 1/ /21 12 1/ /21 13 1/ /21 14 1/ /21 15 1/ /21 16 /2 1

$0

SOURCE: JANUARY 20, 2021, STR.COM

JANUARY 20, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD

RESTAURANT & AIRPORT METRICS CALIFORNIA & LA DAILY SEATED DINERS FROM ONLINE, PHONE OR WALK-IN

% CHANGE IN WEEKLY SEATED DINERS

0

26-OCT 28-OCT 30-OCT 1-NOV 3-NOV 5-NOV 7-NOV 9-NOV 11-NOV 13-NOV 15-NOV 17-NOV 19-NOV 21-NOV 23-NOV 25-NOV 27-NOV 29-NOV 1-DEC 3-DEC 5-DEC 7-DEC 10-DEC 12-DEC 14-DEC 16-DEC 18-DEC 20-DEC 22-DEC 24-DEC 26-DEC 28-DEC 30-DEC 1-JAN 3-JAN 5-JAN 7-JAN 9-JAN 11-JAN 13-JAN 15-JAN 17-JAN 19-JAN

(YEAR OVER YEAR PERCENT CHANGE 2020 vs. 2019)

-10 -20 -30 -40 -50 -60 -70 -80 -90 -100 CALIFORNIA RESTAURANTS

% OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK

LOS ANGELES RESTAURANTS

# OF MONTHLY AIRPORT PASSENGERS (% CHANGE 2020 vs. 2019) 0%

70% 69% 60%

48%

50%

67% 59% 48%

48%

40% 30%

24% 18% 17%

20%

12%

10%

0%

0% NOV 11

NOV 18

0%

0%

NOV DEC DEC 25 2 9 CALI FORNI A

8%

0% 0%

0%

DEC DEC DEC 16 23 30 LOS ANGELES

JAN 6

0%

9% 0%

# OF MONTHLY PASSENGERS (YOY % CHANGE)

PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK

80%

-20% -40%

-63% -80%

-54% -71% -70% -75% -81% -79% -81% -82% -87% -87% -87% -92% -92% -96% -96% -98%

-80% -91%

-100%

-97% -120% JOHN WAYNE AIRPORT

JAN 13

SOURCE: OPENTABLE AND SNA/JWA, LAX & LGB AIRPORTS

-55% -66% -64% -68% -72% -75%

-60%

MAR

APR

MAY

JUNE

LAX JULY

AUG

LONG BEACH AIRPORT SEP

OCT

NOV

JANUARY 20, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD CREDIT CARD SPENDING IN NEWPORT BEACH INT’L VISA CREDIT CARD SPENDING IN NEWPORT BEACH

U.S. VISA CREDIT CARD SPENDING IN NEWPORT BEACH

(2020 vs. 2019)

(2020 vs. 2019)

$20,000,000 $18,000,000 $16,000,000 $13,809,783

(2ND QUARTER 2020 vs. 2019)

$350,000,000

$340,002,302

$300,000,000

$294,119,639

$325,722,868

$17,811,034

$3.5 $3.0 $2.5

$250,000,000

$2.0

$12,000,000

$200,000,000

$1.5

$10,000,000

$150,000,000

$8,000,000 $6,000,000 $4,000,000

$4.0

$2,768,760

$1.0

$142,280,805

$0.5 $0.0

$100,000,000

$3,329, 834

$50,000,000

R

$2,000,000

L ES OD TA GI N H UR G EA A N D LT T EP H S C AR A A TM P RE FO EN P A O T S RE D L Q & TOR U G IC E R K ET RO S -S A CE ER IL R Y VI G A O U C TO OD E R M S ES TA OTI EL UR VE EC AN TR TS O N IC S

$14,000,000

INT’L VISA CREDIT CARD SPENDING IN NEWPORT BEACH BY CATEGORY

$0

$0

2ND QUARTER 2019

3RD QUARTER

2ND 3RD QUARTER QUARTER

2020

2019

20202

Q2 2019

Q2 2020

U.S. VISA CREDIT CARD SPENDING FROM EACH METRO AREA SPENT IN NEWPORT BEACH SPENDING IN MILLIONS USD ($)

(2ND & 3RD QUARTERS 2020 vs. 2019) $15.0 $10.0 $5.0 $0.0

$9.8

$11.9 $9.0

$3.3 SAN FRANCISCO

$9.5 $10.5 $9.2 $4.1

SAN DIEGO

$8.5 $7.6 $5.7 $2.2

$5.0 $5.9 $5.1 $2.2

$7.2 $4.3 $1.5 $2.9

PHOENIX

LAS VEGAS

NEW YORK CITY

Q2 2019

Q2 2020

$3.4 $3.6 $0.9 $2.0

$2.7 $3.1 $0.7 $1.8

$2.6 $2.7 $0.8 $2.2

SEATTLE

DENVER

SACRAMENTO

Q3 2019

Q3 2020

EXCLUDES LA, RIVERSIDE & ORANGE COUNITES

INT’L VISA CREDIT CARD SPENDING FROM EACH COUNTRY SPENT IN NEWPORT BEACH SPENDING IN MILLIONS USD ($)

(2ND QUARTER 2020 vs. 2019) $5.0

$4.4

$4.0 $3.0 $2.0

$1.7

$1.0 $0.0

$2.2

$0.3 CHINA

CANADA

$0.8

$0.1

U.K.

$0.7

$0.0

SAUDI ARABIA

Q2 2019 SOURCE: VISAVUE, VISA INTERNATIONAL

$0.5

$0.0

UNITED ARAB EMIRATES

Q2 2020

$0.5

$0.1

JAPAN

$0.4

$0.0

SOUTH K OREA

$0.4

$0.0

AUSTRALIA

JANUARY 20, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD

REAL ESTATE METRICS

NEWPORT BEACH TOTAL NUMBER OF ACTIVE REAL ESTATE LISTINGS (YEAR-OVER-YEAR PERCENT CHANGE 2020 vs. 2019)

JAN

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

0.0% YOY % CHANGE IN ACTIVE LISTINGS

-5.0% -10.0%

-4.0%

-5.6%

-15.0% -20.0%

-18.0%

-25.0%

-20.8% -25.3%

-30.0%

-26.9%

-20.0%

-28.0%

-30.7%

-35.0%

-22.9%

-24.1% -33.8%

-40.0%

NEWPORT BEACH REAL ESTATE LISTINGS AVERAGE NUMBER OF DAYS TO SELL (YEAR-OVER-YEAR PERCENT CHANGE 2020 vs. 2019)

YOY % CHANGE IN AVERAGE # OF DAYS TO SELL

JAN 80.0%

FEB

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

-27.5%

-29.3%

65.0%

60.0% 40.0%

38.5%

31.6%

11.8%

10.6%

20.0% 0.0%

-1.4%

-20.0%

-6.9%

-15.1%

-11.6% -23.9%

-40.0%

NEWPORT BEACH REAL ESTATE AVERAGE LIST PRICE

(YEAR-OVER-YEAR AVERAGE LIST PRICE 2020 vs. 2019) $4.5 AVERAGE LIST PRICE (IN MILLIONS $)

$4.0 $3.5

$3.6 $3.4

$3.0

$3.5 $3.2

$3.0 $2.9

$3.1 $2.8

$3.5 $3.5

$3.6

$3.6

$3.6

$3.6

$3.2

$3.1

$3.1

$4.1

$3.7 $3.7

$2.8

$3.2 $3.2

$3.5

$2.5 $2.0 $1.5 $1.0 $0.5 $0.0

JAN

FEB

MARCH

APRIL

MAY

JUNE

2019 SOURCE: REAL ESTATE ADVERTISING SERVICE: MLS.COM

2020

JULY

AUG

SEPT

OCT

NOV

DEC

JANUARY 20, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD

UNEMPLOYMENT & AUTOMOBILE METRICS

2020 ORANGE COUNTY UNEMPLOYMENT RATE BY MONTH PERCENTAGE RATE (%)

(CALIFORNIA vs. ORANGE COUNTY)

20.0% 15.0% 10.0% 5.0%

5.5% 3.9% 3.9% 3.7% 2.8% 2.9%

16.4% 16.4% 14.7%14.9% 13.8% 13.6% 13.5% 12.4% 11.2% 11.1% 9.5% 9.0% 9.3% 8.2% 7.5% 6.4%

0.0%

JAN

FEB

MAR

APR

MAY

JUN

CALIFORNIA

JUL

AUG

SEP

OCT

NOV

ORANGE COUNTY

2020 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE (CALIFORNIA vs. ORANGE COUNTY)

YOY PERCENT CHANGE (%)

JAN 10.0% 1.7%2.1% 0.0%

FEB

MAR

APR

MAY

JUN

JULY

AUG

SEP

OCT

NOV

1.5%2.2%

-10.0%

-3.3%-4.7%

-20.0%

-19.7% -24.0% -24.0% -25.4% -28.5% -29.8%-30.5% -29.4% -31.6% -30.8% -30.7% -32.4%

-30.0% -40.0% -50.0%

-46.4% -45.3% -47.1% -44.3% CALIFORNIA ORANGE COUNTY

SOURCE: U.S. BUREAU OF LABOR STATISTICS

U.S. AUTOMOBILE SALES BY MONTH # OF AUTOMOBILES SOLD (MILLIONS)

(2020 vs. 2019)

2.0 1.5

1.2 1.2

0.9

1.0

1.6

1.5

1.4 1.3

0.5

1.3

1.2

1.2

1.6

1.4

1.5 1.3

1.3

1.4

1.3

1.3

1.4

1.5

1.5 1.5

1.2

0.6

0.0 JAN

FEB

MAR

APR

MAY

JUN 2020

JUL

AUG

SEP

OCT

2019

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