NEWPORT BEACH COVID-19 ECONOMIC RECOVERY DASHBOARD: October 28, 2021

OCTOBER 28, 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

(OCTOBER 17-23, 2021)

OPEN HOTELS (ONLY OPEN HOTELS)

61.7%

(AUGUST 2021)

6.0%

(OCTOBER 17-23, 2021)

(AUGUST 2021)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

ALL HOTELS (OPEN & CLOSED HOTELS)

58.3%

+47.8%

(OCTOBER 17-23, 2021)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

+49.2%

(AUGUST 2021 vs. AUGUST 2020)

JOHN WAYNE AIRPORT (SNA)

(AUGUST 2021 vs. AUGUST 2019)

(OCTOBER 17-23) 2021 vs. 2020

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$304.09

(OCTOBER 17-23, 2021)

CLOSED HOTELS:

# OF HOTEL ROOMS OPEN FOR BOOKING:

FASHION ISLAND HOTEL

# OF HOTEL ROOMS CLOSED:

3,056 295

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

-117.6%

(AUGUST 2021 vs. AUGUST 2019)

CALIFORNIA & LA RESTAURANTS (WEEK OF OCTOBER 21-27, 2021) YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

-10.2%

-20.1%

U.S. AUTOMOBILE SALES

(WEEK OF OCTOBER 21-27) 2021 vs. 2020

# OF AUTOMOBILES SOLD YOY % CHANGE

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

(SEPTEMBER 2021 vs. 2020)

+127%

(SEPTEMBER 2021 vs. SEPTEMBER 2020)

81%

80%

(WEEK OF OCTOBER 21-27, 2021)

OCTOBER 28, 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 75 70 65 60 55 50 45 40 35

72.2% 62.9%

60.7%

52.8%

44.3%

44.8%

44.0%

42.8%

7-AUG

14-AUG

21-AUG

28-AUG

62.2%

60.9%

58.1%

44.9% 4-SEP

61.4%

59.8%

56.2%

55.7%

57.3% 11-SEP

42.8%

42.6%

42.1%

43.2%

18-SEP

25-SEP

2-OCT

9-OCT

THIS YEAR

61.7%

45.4% 16-OCT

41.1% 23-OCT

LAST YEAR

NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF SEPTEMBER 26-OCTOBER 23, 2021)

DAILY OCCUPANCY RATE (%)

90.0%

78.9%

80.0%

72.2%

75.8% 70.6%

70.0%

56.1% 51.8% 51.0%

60.0%

72.6% 66.7% 61.2% 57.0% 55.5% 61.0%

64.3% 62.0% 60.2% 49.4% 43.0%

50.0% 43.9%44.2% 40.0%

72.4% 71.7% 61.9% 63.4% 58.0% 56.3% 48.2%

44.5%

30.0% 20.0% 10.0% 0.0%

SEP 26-OCT 2, 2021

OCT 3-9, 2021 SUN

MON

TUE

OCT 10-16, 2021 WED

THU

FRI

OCT 17-23, 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% 71.6%

38.2%

81.8%

76.2%

61.7%

58.1%

44.2%

43.9%

78.7% 67.6%

45.2%

34.3%

67.3%

25.0%

13.5% JAN

FEB

MAR

APR

2021 SOURCE: OCTOBER 26, 2021, STR.COM

MAY

JUN

2020

JUL

2019

AUG

SEP

OCT

NOV

DEC

OCTOBER 28, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD

HOTEL PERFORMANCE

NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE (WEEKS OF AUGUST 7-OCTOBER 23, 2021)

$455

$426

$414

$396

$387

$373

AXIS TITLE

$405

$356

$355

$305

$326 $292

7-AUG

14-AUG

$255

21-AUG

$327

$295

$284

$283

$296

$298

11-SEP

18-SEP

25-SEP

2-OCT

9-OCT

$317

$312

$319

$307

$299

$328

$322

28-AUG

4-SEP

THIS YEAR

$304

$313

$300

16-OCT

23-OCT

LAST YEAR

NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE $362 $354 $375 $370 $400 $361 $337 $318 $290 $339 $325 $324 $324 $300 $317$322 $312 $350 $283 $297 $307 $298 $306 $307$317 $304 $327$312 $323 $304 $282 $296 $307 $282 $288 $280 $300 $278 $250 $200 $150 $100 $50 $0 9/ 19 9/ /2 20 1 9/ /21 21 9/ /2 22 1 9/ /2 23 1 9/ /2 24 1 9/ /2 2 1 9/ 5/ 26 21 9/ /21 27 2 / 9/ 212 28 9/ /2 29 1 9/ /2 30 1 10 /21 /1 10 /21 /2 10 /21 /3 10 /2 /4 1 10 /21 /5 10 /21 /6 10 /21 /7 10 /21 /8 10 /21 / 10 9/2 /1 1 0 10 /2 /1 1 10 1/2 /1 1 10 2/2 /1 1 10 3/2 /1 1 10 4/2 /1 1 10 5/2 /1 1 10 6/2 /1 1 10 7/2 /1 1 10 8/2 /1 1 10 9/ /2 21 10 0/2 /2 1 10 1/2 /2 1 10 2/2 /2 1 3/ 21

AVERAGE DAILY RATE ($)

(SEPTEMBER 19 – OCTOBER 23, 2021)

NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR SEPTEMBER 2021

SOURCE: OCTOBER 13, 2021, STR.COM

$167

SP R PA LM

YL Y EV ER B

IN G S

S H IL L

A RA B

E VI N

AVERAGE DAILY RATE ($)

$639

OCCUPANCY RATE (%)

66%

$178

$336 M O N IC A

$360

52%

61%

SA N TA

$269

52%

A N A H EI M

$154

IR

PO IN T D A N A

D IE G O SA N

76%

BA R

$451

69%

A

$178

67%

JO LL

$243

H U N TI N G TO N

BE A C H T PO R N EW

59%

…

$338

65%

SA N TA

58%

67%

LA

$700 $600 $500 $400 $300 $200 $100 $0

OCCUPANCY RATE (%)

MONTHLY AVERAGE HOTEL RATE ($)

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

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

OCTOBER 28, 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

9/ 30 /2 1 10 /1 /2 10 1 /2 /2 10 1 /3 /2 10 1 /4 /2 1 10 /5 /2 10 1 /6 /2 10 1 /7 /2 10 1 /8 /2 10 1 /9 /2 10 1 /1 0/ 10 21 /1 1/ 10 21 /1 2/ 10 21 /1 3/ 10 21 /1 4/ 10 21 /1 5/ 10 21 /1 6/ 10 21 /1 7/ 10 21 /1 8/ 10 21 /1 9/ 10 21 /2 0/ 21 10 /2 1/ 10 21 /2 2/ 10 21 /2 3/ 10 21 /2 4/ 21 10 /2 5/ 10 21 /2 6/ 10 21 /2 7/ 21

(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%

79%

78%

79%

79%

75%

76%

75% 71%

72%

SEP 8

SEP 15

65%

79%

80%

81%

78%

79%

80%

OCT 13

OCT 20

55% 45% SEP 22 CALIFORNIA

SEP 29

OCT 6 LOS ANGELES

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

923,403 899,186 942,680 918,810 945,962 942,385

MONTHLY PASSENGER TRAFFIC

1,000,000 900,000 800,000 700,000 600,000

819,358 789,523

730,144 890,185

806,386

585,735

764,506

400,000 200,000

195,290

897,873

827,140

891,492

831,522

495,592 385,396

500,000 300,000

859,174

227,402 337,981

100,000

181,486

274,813 239,120 266,986

307,865 277,020

231,033

25,313 82,342

JAN

FEB

MAR

SOURCE: OPENTABLE AND SNA/JWA AIRPORT

APR

MAY 2021

JUN 2020

JUL AUG 2019

SEP

OCT

NOV

DEC

OCTOBER 23, 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)

10.0% 8.0% 6.0% 4.0% 2.0% 0.0%

8.7%

9.3% 9.0% 8.5% 8.3% 8.0% 7.7% 7.6% 7.6% 7.5% 7.5% 7.4% 7.3% 6.5% 6.4% 6.7% 6.6% 6.2% 6.3% 5.8% 6.0%

NOV 2020

DEC 2020

JAN 2021

FEB 2021

MAR 2021

APR 2021

CALIFORNIA

MAY 2021

JUN 2021

JUL 2021

AUG 2021

SEP 2021

ORANGE COUNTY

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

YOY PERCENT CHANGE (%)

AUG SEP 2020 2020

OCT 2020

NOV 2020

DEC 2020

JAN 2021

FEB 2021

MAR 2021

APR 2021

MAY 2021

JUN 2021

JUL 2021

AUG 2021

80.0% 62.6% 47.8% 60.0% 39.1% 46.5% 38.0% 37.5% 27.7% 24.8% 40.0% 27.3% 20.2% 20.0% 0.0% -20.0% -40.0% -28.5% -25.4% -24.0% -33.9% -29.1% -30.2% -34.0% -30.8% -33.9% -31.4% -38.6% -32.3% -38.8% -60.0% -35.4% -36.2% -41.6% CALIFORNIA ORANGE COUNTY

SOURCE: U.S. BUREAU OF LABOR STATISTICS

U.S. AUTOMOBILE SALES BY MONTH

# OF AUTOMOBILES SOLD (MILLIONS)

(AUGUST 2020 – SEPTEMBER 2021 vs. PRIOR YEAR) 2.0 1.5

1.4

1.3 1.3

1.4

1.2

1.5

1.5 1.5

1.2

1.2 1.3

1.4

1.5

1.5

0.9

1.0

1.5 1.1

1.3 1.2

1.2 1.3

1.1

MAY 2021

JUN 2021

JUL 2021

AUG 2021

1.4

1.3

1.3

1.1

0.5

0.5 0.0 SEP 2020

OCT 2020

NOV 2020

DEC 2020

JAN 2021

FEB 2021

MAR 2021

THIS YEAR

APR 2021

LAST YEAR

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SEP 2021

OCT 2021