NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD: March 3, 2021

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MARCH 3, 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

(FEBRUARY 21-27, 2021)

OPEN HOTELS (ONLY OPEN HOTELS)

31.0%

(DECEMBER 2020)

7.4%

(FEBRUARY 21-27, 2021)

(DECEMBER 2020)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

ALL HOTELS (OPEN & CLOSED HOTELS)

28.3%

-26.3%

(FEBRUARY 21-27, 2021)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

-61.6%

(DECEMBER 2020 vs. DECEMBER 2019)

NEWPORT BEACH REAL ESTATE (FEBRUARY 2021)

(FEBRUARY 21-27) 2021 vs. 2020

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$264.14

(FEBRUARY 21-27, 2021)

CLOSED HOTELS:

# OF HOTEL ROOMS OPEN FOR BOOKING:

FASHION ISLAND HOTEL

# OF HOTEL ROOMS CLOSED:

3,056 295

U.S. AUTOMOBILE SALES

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

100%

(DECEMBER 2020 vs. DECEMBER 2019)

JOHN WAYNE AIRPORT (SNA) (DECEMBER 2020)

NEWPORT BEACH REAL ESTATE MONTHLY # OF LISTINGS % CHANGE

-33.2%

(FEBRUARY 2021 vs. FEBRUARY 2020)

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 FEB 25-MAR 2, 2021)

YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

-52.3%

-72.5%

(WEEK OF FEBRUARY 25-MARCH 2) 2021 vs. 2020

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

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

(DECEMBER 2020 vs. DECEMBER 2019)

(WEEK OF FEBRUARY 17-24, 2021)

-74%

60%

42%


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