NEWPORT BEACH COVID-19 ECONOMIC RECOVERY DASHBOARD: April 7, 2021

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APRIL 7, 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

(MARCH 28 – APRIL 3, 2021)

OPEN HOTELS (ONLY OPEN HOTELS)

54.2%

(JANUARY 2021)

7.4%

(MARCH 28 – APRIL 3, 2021)

(JANUARY 2021)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

ALL HOTELS (OPEN & CLOSED HOTELS)

51.3%

-42.4%

(MARCH 28 – APRIL 3, 2021)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

+497.4%

(JANUARY 2021 vs. JANUARY 2020)

NEWPORT BEACH REAL ESTATE (FEBRUARY 2021)

(MARCH 28 – APRIL 3) 2021 vs. 2020

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$307.81

(MARCH 28 – APRIL 3, 2021)

CLOSED HOTELS:

# OF HOTEL ROOMS OPEN FOR BOOKING:

FASHION ISLAND HOTEL

# OF HOTEL ROOMS CLOSED:

3,056 295

U.S. AUTOMOBILE SALES (FEBRUARY 2021 vs. 2020)

# OF AUTOMOBILES SOLD YOY % CHANGE

-65%

(FEBRUARY 2021 vs. FEBRUARY 2020)

JOHN WAYNE AIRPORT (SNA) (JANUARY 2021)

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 MARCH 31-APRIL 6, 2021) YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

-20.3%

-56.4%

(WEEK OF MARCH 31-APRIL 6) 2021 vs. 2020

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

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

(JANUARY 2021 vs. JANUARY 2020)

(WEEK OF MARCH 31-APRIL 6, 2021)

-75.8%

68%

55%


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