NEWPORT BEACH COVID-19 ECONOMIC RECOVERY DASHBOARD: August 18, 2021

AUGUST 18, 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

(AUGUST 8-14, 2021)

OPEN HOTELS (ONLY OPEN HOTELS)

62.7%

(JUNE 2021)

6.4%

(AUGUST 8-14, 2021)

(JUNE 2021)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

ALL HOTELS (OPEN & CLOSED HOTELS)

59.3%

+39.2%

(AUGUST 8-14, 2021)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

+40.2%

(JUNE 2021 vs. JUNE 2020)

NEWPORT BEACH REAL ESTATE (FEBRUARY 2021)

(AUGUST 8-141) 2021 vs. 2020

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$426.55

(AUGUST 8-14, 2021)

CLOSED HOTELS:

# OF HOTEL ROOMS OPEN FOR BOOKING:

FASHION ISLAND HOTEL

# OF HOTEL ROOMS CLOSED:

3,056 295

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

# OF AUTOMOBILES SOLD YOY % CHANGE

+108%

(JUNE 2021 vs. JUNE 2020)

JOHN WAYNE AIRPORT (SNA) (JUNE 2021 vs. JUNE 2019)

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 AUGUST 11-17, 2021)

YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

-15.4%

-29.9%

(WEEK OF AUGUST 11-17) 2021 vs. 2020

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

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

(JUNE 2021 vs. JUNE 2019)

(WEEK OF AUGUST 11, 2021)

-20.5%

76%

69%

AUGUST 18, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD

HOTEL PERFORMANCE

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

(2021 vs. 2020)

80 70 54.9%

60

56.9%

61.1%

50 37.1%

40

33.6%

66.0%

67.6%

44.5%

43.8%

62.6%

75.0%

70.4%

67.9%

72.5%

62.7%

44.1%

44.3%

44.8%

31-JUL

7-AUG

14-AUG

42.5%

38.1%

72.2%

35.8%

36.5%

36.9%

10-JUL

17-JUL

24-JUL

30 29-MAY

5-JUN

12-JUN

19-JUN

26-JUN

3-JUL

THIS YEAR

LAST YEAR

NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF JULY 18 – AUGUST 14, 2021)

81.0% 82.5% 83.8% 76.5% 80.3% 77.4% 71.7% 83.3% 80.9% 75.4% 77.1% 65.3% 74.5% 67.2% 73.3% 72.9% 68.1% 68.3% 69.1% 63.8% 60.6% 58.4% 63.6% 59.8% 61.5% 65.9% 58.4% 56.7%

DAILY OCCUPANCY RATE (%)

90.0% 80.0% 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0%

JUL 18-24, 2021

JUL 25-31, 2021 SUN

MON

TUE

AUG 1-7, 2021 WED

THU

FRI

AUG 8-14, 2021

SAT

NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR-OVER-YEAR COMPARISON FOR 2021, 2020 & 2019)

MONTHLY AVERAGE DAILY RATE ($)

100.0% 80.0% 60.0% 40.0%

69.1% 68.6% 22.7%

79.8%

75.5%

74.9% 29.6%

20.0% 0.0%

78.7%

38.5%

47.7%

30.0%

71.8% 52.6%

27.6%

81.2% 62.6%

37.3%

85.9%

81.8%

71.6%

38.2%

44.2%

76.2%

78.7%

43.9%

45.2%

67.6%

34.3%

67.3%

25.0%

13.5% JAN

FEB

MAR

APR

2021 SOURCE: AUGUST 18, 2021, STR.COM

MAY

JUN

2020

JUL

2019

AUG

SEP

OCT

NOV

DEC

AUGUST 18, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD

HOTEL PERFORMANCE

NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE (WEEKS OF MAY 29 – AUGUST 14, 2021)

$400 $350 $300

AVERAGE WEEKLY RATE ($)

$450 $391 $369 $335

$324 $303

$297

$281

$250

29-MAY

$394

$376

$427

$414

$408

$295

$341

$341

$296

$300

$296

5-JUN

12-JUN

19-JUN

$328

$312

$311

$299

$292

7-AUG

14-AUG

$290 26-JUN

3-JUL

10-JUL

17-JUL

THIS YEAR

24-JUL

31-JUL

LAST YEAR

NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE $438 $459 $414 $431 $444 $454 $384 $433 $371 $431 $424 $406 $387 $446$434 $409 $407 $399 $409 $427 $410 $377 $376 $372 $371 $393 $384 $400 $369 $500

$300 $200 $100 $0 7/ 18 / 7/ 21 19 / 7/ 21 20 / 7/ 21 21 / 7/ 21 22 / 7/ 21 23 / 7/ 21 24 / 7/ 21 25 / 7/ 21 26 / 7/ 21 27 / 7/ 21 28 / 7/ 21 29 / 7/ 21 30 / 7/ 21 31 /2 8/ 1 1/ 2 8/ 1 2/ 2 8/ 1 3/ 2 8/ 1 4/ 2 8/ 1 5/ 2 8/ 1 6/ 2 8/ 1 7/ 2 8/ 1 8/ 2 8/ 1 9/ 8/ 21 10 / 8/ 21 11 / 8/ 21 12 / 8/ 21 13 / 8/ 21 14 /2 1

AVERAGE DAILY RATE ($)

(JULY 18 – AUGUST 14, 2021)

NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR JULY 2021

$800 $600

72%

78%

$397

$323

86%

74% 55%

77%

81%

63%

62%

79%

86%

$202

$400

IN G S

PA LM

YL Y EV ER B

SP R

H IL L

A RA B

OCCUPANCY RATE (%)

M O N IC A

$155

SA N TA

$722 S

$367

BA R

JO LL

E VI N IR

PO IN T

AVERAGE DAILY RATE ($) SOURCE: AUGUST 18 2021, STR.COM

$324 A

$174

SA N TA

$563

D A N A

D IE G O SA N

H U N TI N G TO N

BE A C H T PO R N EW

$209

…

$0

LA

$200

A N A H EI M

$400

OCCUPANCY RATE (%)

MONTHLY AVERAGE HOTEL RATE ($)

(AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR JULY 2021)

100% 80% 60% 40% 20% 0%

AUGUST 18, 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

JU N JU 1 N JU 3 N JU 5 N JU 7 N JU 9 N JU 11 N JU 13 N JU 15 N JU 17 N JU 19 N JU 21 N JU 23 N JU 25 N JU 27 N JU 29 L 1 JU L 3 JU L 5 JU L 7 JU L 9 JU L 1 JU 1 L 1 JU 3 L 1 JU 5 L 1 JU 7 L 1 JU 9 L 2 JU 1 L 2 JU 3 L 2 JU 5 L 2 JU 7 L 2 JU 9 L 3 AU 1 G AU 2 G AU 4 G AU 6 G AU 8 G AU 10 G 12

(YEAR-OVER-YEAR PERCENT CHANGE 2021 vs. 2020)

45 25 5 -15 -35 -55 -75 CALIFORNIA RESTAURANTS

LOS ANGELES RESTAURANTS

% OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK

85% 75%

71%

71%

72%

74%

72%

73%

72%

65%

65%

73%

73%

64%

65%

65% 55%

60%

62%

64% 59%

63%

74%

75%

68%

67%

75%

76%

77%

77%

76%

68%

69%

70%

70%

69%

45% APR 28 MAY 5 MAY 12 MAY 19MAY 26 JUN 2 JUN 9 JUN 16 JUN 23 JUN 30 JUL 7 JUL 14 JUL 21 JUL 28 AUG 4 AUG 11 CALIFORNIA LOS ANGELES

ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2021, 2020 & 2019)

MONTHLY PASSENGER TRAFFIC

1,000,000 800,000

819,358 789,523 806,386 764,506

600,000 400,000

195,290 227,402

200,000

923,403 899,186 942,680 918,810 945,962 942,385 859,174 897,873 827,140 891,492 730,144 495,592 385,396 337,981

25,313

585,735

82,342

181,486

307,865 277,020 239,120 266,986 274,813 231,033

JAN

FEB

MAR

APR

MAY 2021

SOURCE: OPENTABLE AND SNA/JWA AIRPORT

JUN 2020

JUL 2019

AUG

SEP

OCT

NOV

DEC

AUGUST 18, 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)

$20,000,000

(2020 vs. 2019)

$17,811,034

$340,002,302

$300,000,000

$294,119,639

$325,722,868

$16,000,000

(2ND QUARTER 2020 vs. 2019)

$350,000,000

$18,000,000

$3.5

$13,809,783

$2.0

$10,000,000

$200,000,000

$1.5

$8,000,000

$150,000,000

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

$2,768,760

$1.0

$142,280,805

$0.5

$3,329,834

$0.0

$100,000,000

$2,000,000 $0

R

UA RT 3R ER D QU AR TE 4T R H Q UA RT ER

$50,000,000 $0

Q

2ND 3RD QUARTER QUARTER

D 2N

$3.0 $2.5

$250,000,000

$12,000,000

$4.0

2019

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

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

$9.8

$11.9 $9.0

$3.3

$9.5 $10.5 $9.2 $4.1

$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

$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

$0.0 SAN FRANCISCO

SAN DIEGO

Q2 2019

Q2 2020

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

AUGUST 18, 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. 2019/2021 vs. 2020)

YOY % CHANGE IN ACTIVE LISTINGS

MAR 2020 0.0% -5.0% -10.0% -15.0% -20.0% -25.0% -30.0% -35.0% -40.0%

APR 2020

MAY 2020

JUN 2020

JUL 2020

-18.0%

-20.8% -25.3% -30.7%

-26.9%

AUG 2020

SEP 2020

OCT 2020

NOV 2020

-22.9%

-24.1%

DEC 2020

-20.0%

-28.0%

JAN 2021

FEB 2021

-24.1% -33.2%

-33.8%

NEWPORT BEACH REAL ESTATE LISTINGS AVERAGE NUMBER OF DAYS TO SELL

YOY % CHANGE IN AVERAGE # OF DAYS TO SELL

(YEAR-OVER-YEAR PERCENT CHANGE 2020 vs. 2019/2021 vs. 2020) MAR 2020

50.0% 40.0% 30.0% 20.0% 10.0% 0.0% -10.0% -20.0% -30.0% -40.0%

APR 2020

MAY 2020

JUN 2020

JUL 2020

AUG 2020

SEP 2020

OCT 2020

NOV 2020

DEC 2020

JAN 2021

-27.5%

-29.3%

-26.3%

FEB 2021

38.5% 11.8%

10.6%

-1.4%

-6.9%

-15.1%

-11.6% -23.9%

-18.3%

NEWPORT BEACH REAL ESTATE AVERAGE LIST PRICE

(YEAR-OVER-YEAR AVERAGE LIST PRICE 2020 vs. 2019/2021 vs. 2020) $4.5 AVERAGE LIST PRICE (IN MILLIONS $)

$4.0 $3.5

$3.6 $3.4

$3.0

$3.5 $3.1 $3.2 $3.0 $2.8 $2.9

$3.5 $3.5

$3.6 $3.6 $3.1 $3.1

$3.7 $3.7 $3.6 $3.2

$4.1 $3.6 $2.8

$3.2 $3.2

$3.7 $3.5 $3.6

$3.8 $3.0

$2.5 $2.0 $1.5 $1.0 $0.5 $0.0 JAN 2020

FEB 2020

MAR 2020

APR 2020

MAY 2020

JUN 2020

2019 SOURCE: REAL ESTATE ADVERTISING SERVICE: MLS.COM

JUL 2020

2020

AUG 2020

SEP 2020

OCT 2020

NOV 2020

DEC 2020

JAN 2021

FEB 2021

AUGUST 18, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD

UNEMPLOYMENT & AUTOMOBILE METRICS

2020-2021 ORANGE COUNTY UNEMPLOYMENT RATE BY MONTH PERCENTAGE RATE (%)

(CALIFORNIA vs. ORANGE COUNTY)

15.0% 10.0%

12.3% 10.6% 9.8% 9.5% 9.0%

8.2%

8.7%

9.3% 9.0% 8.5% 8.3% 8.0% 7.7% 7.7% 7.4% 6.4% 7.3% 6.4% 6.7% 6.6% 5.8% 6.2%

5.0% 0.0%

AUG 2020

SEP 2020

OCT 2020

NOV 2020

DEC 2020

CALIFORNIA

JAN 2021

FEB 2021

MAR 2021

APR 2021

MAY 2021

JUN 2021

ORANGE COUNTY

2020-2021 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE (CALIFORNIA vs. ORANGE COUNTY)

YOY PERCENT CHANGE (%)

AUG 2020

SEP 2020

OCT 2020

NOV 2020

DEC 2020

JAN 2021

FEB 2021

MAR 2021

APR 2021

MAY 2021

JUN 2021

80.0% 62.6% 60.0% 39.2% 38.0% 37.5% 40.0% 27.3% 20.3% 20.0% 0.0% -20.0% -25.4% -24.0% -40.0% -28.5% -33.9% -29.1% -30.2% -34.0% -31.4% -30.8% -35.4% -33.9% -38.6% -38.8% -32.3% -60.0% -36.2% -41.6% CALIFORNIA ORANGE COUNTY

SOURCE: U.S. BUREAU OF LABOR STATISTICS

U.S. AUTOMOBILE SALES BY MONTH

# OF AUTOMOBILES SOLD (MILLIONS)

(APRIL 2020 - JUNE 2021 vs. PRIOR YEAR) 2.0 1.5 1.0 0.5

1.6 1.3

1.2

1.5 1.2

1.6

1.4 1.3

1.3

1.4

1.3 1.3

1.4

1.2

1.5

1.51.5

1.21.2

1.31.4

1.5

1.5

0.9

0.6

1.5 1.1

1.31.2

MAY 2021

JUN 2021

0.5

0.0 APR 2020

MAY 2020

JUN 2020

JUL 2020

AUG 2020

SEP 2020

OCT 2020

THIS YEAR

NOV 2020

DEC 2020

JAN 2021

FEB 2021

MAR 2021

APR 2021

LAST YEAR

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