NEWPORT BEACH COVID-19 ECONOMIC RECOVERY DASHBOARD: NOVEMBER 24, 2021

NOVEMBER 24, 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

(NOVEMBER 14-20, 2021)

OPEN HOTELS (ONLY OPEN HOTELS)

57.9%

(SEPTEMBER 2021)

5.0%

(NOVEMBER 14-20, 2021)

(SEPTEMBER 2021)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

ALL HOTELS (OPEN & CLOSED HOTELS)

54.7%

+47.8%

(NOVEMBER 14-20, 2021)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

+70.0%

(AUGUST 2021 vs. AUGUST 2020)

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

(NOVEMBER 14-20) 2021 vs. 2020

ORANGE COUNTY/JOHN WAYNE AIRPORT

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$290.72

(NOVEMBER 14-20, 2021)

CLOSED HOTELS:

# OF HOTEL ROOMS OPEN FOR BOOKING:

FASHION ISLAND HOTEL

# OF HOTEL ROOMS CLOSED:

3,056 295

NOTE: MONTHLY COMPARING # OF LAST PASSENGERS GOOD YEAR (2019) WITH CURRENT YEAR (2021) SEP 2019 SEP 2021

859,174

NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021)

CALIFORNIA & LA RESTAURANTS (WEEK OF NOVEMBER 17-23, 2021)

YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

+0.07%

U.S. TOTAL AUTOMOBILE SALES

(OCTOBER 2020 vs. OCTOBER 2021) U.S. MARKET AUTO SALES BY MONTH OCT 2020 OCT 2021

1,398,735

589,743

783,747

-16.0%

(WEEK OF NOVEMBER 17-23) 2021 vs. 2020

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

83%

79%

(WEEK OF NOVEMBER 11-17, 2021)

NOVEMBER 24, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD

HOTEL PERFORMANCE

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE (2021 vs. 2020)

WEEKLY OCCUPANCY RATE (%)

70 65 60 55 50 45 40 35 30

60.8% 52.8%

44.9%

62.2%

61.4% 56.25

55.7%

61.8%

61.7%

59.8%

55.9% 48.8%

47.6% 42.8%

42.6%

45.4%

43.1%

42.1%

45.5%

41.3%

34.9% 4-SEP

57.1%

11-SEP

18-SEP 25-SEP

2-OCT

9-OCT

36.9%

34.1%

16-OCT 23-OCT 30-OCT 6-NOV 13-NOV 20-NOV

THIS YEAR

LAST YEAR

NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF OCTOBER 24, 2021 – NOVEMBER 20, 2021)

DAILY OCCUPANCY RATE (%)

90.0% 80.0% 70.0% 60.0% 50.0%

70.8%

61.9% 59.6% 60.4% 58.3% 57.6% 48.8%

57.6%

47.1% 50.1% 44.4% 39.7% 31.9%

44.9%

40.0%

75.7% 75.2% 69.5% 63.1% 59.9% 52.6%

66.8% 65.2% 60.4% 61.1% 55.9% 49.7% 46.0%

36.7%

30.0% 20.0% 10.0% 0.0%

OCT 24-30, 2021

OCT 31-NOV 6, 2021 SUN

MON

TUE

WED

NOV 7-13, 2021 THU

FRI

NOV 14-20, 2021

SAT

NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE MONTHLY AVERAGE DAILY RATE ($)

(YEAR-OVER-YEAR COMPARISON FOR 2021, 2020 & 2019)

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: NOVEMBER 24, 2021, STR.COM

MAY

JUN

2020

JUL

2019

AUG

SEP

OCT

NOV

DEC

NOVEMBER 24, 2021 WEEKLY REPORT

NEWPORT BEACH & COMPANY COVID-19 ECONOMIC RECOVERY DASHBOARD

HOTEL PERFORMANCE

NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE (WEEKS OF SEPTEMBER 4-NOVEMBER 20, 2021)

AVERAGE WEEKLY RATE ($)

$395

$372.72

$375

$355.61

$355

$322.46 $326.64 $328.07 $317.04

$335

$312.21

$295

$319.09

$262.17

$312.85 $294.85

$275

$255

$284.38 $283.21

$305.30 $283.75

$304.17

$315

$299.55

$295.54 $297.59

$286.71 $305.11 $276.45

$235

4-SEP

11-SEP

18-SEP 25-SEP

2-OCT

9-OCT

$290.72

$277.20

16-OCT 23-OCT 30-OCT 6-NOV 13-NOV 20-NOV

THIS YEAR

LAST YEAR

NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE $327 $299 $308 $316 $329 $303 $296$299 $350 $278 $284 $305 $270 $282 $268 $272 $301 $262 $284 $274 $254 $292 $275 $273 $267 $300 $263 $262 $254 $265 $250 $200 $150 $100 $50 $0 10 /2 4 10 /21 /2 5 10 /21 /2 6 10 /21 /2 7 10 /21 /2 8 10 /21 /2 9 10 /21 /3 0 10 /21 /3 1/ 2 11 1 /1 /2 11 1 /2 /2 11 1 /3 / 11 21 /4 /2 11 1 /5 /2 11 1 /6 /2 11 1 /7 / 11 21 /8 /2 11 1 /9 / 11 21 /1 0/ 11 21 /1 1/ 11 21 /1 2/ 11 21 /1 3/ 11 21 /1 4/ 11 21 /1 5/ 11 21 /1 6/ 11 21 /1 7/ 11 21 /1 8/ 11 21 /1 9 11 /21 /2 0/ 21

AVERAGE DAILY RATE ($)

(OCTOBER 24 – NOVEMBER 20, 2021)

NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR SEPTEMBER 2021

SOURCE: NOVEMBER 24, 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%

NOVEMBER 24, 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

10 /2 8 10 /21 /2 9 10 /21 /3 0 10 /21 /3 1 11 /21 /1 /2 11 1 /2 /2 11 1 /3 /2 11 1 /4 /2 1 11 /5 /2 11 1 /6 /2 11 1 /7 /2 11 1 /8 /2 1 11 /9 /2 11 1 /1 0/ 11 21 /1 1/ 11 21 /1 2/ 11 21 /1 3/ 11 21 /1 4/ 11 21 /1 5/ 11 21 /1 6/ 11 21 /1 7/ 11 21 /1 8/ 11 21 /1 9/ 11 21 /2 0 11 /21 /2 1/ 11 21 /2 2 11 /21 /2 3/ 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% 75%

79%

80%

81%

78%

79%

80%

OCT 6

OCT 13

82%

81%

82%

81%

82%

83%

78%

79%

NOV 10

NOV 17

65% 55% 45%

OCT 20

OCT 27

CALIFORNIA

NOV 3 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

400,000 195,290

227,402

200,000

897,873

827,140

891,492

831,522 783,737

495,592 385,396

500,000 300,000

859,174

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

NOVEMBER 24, 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%

9.3% 9.0% 8.5% 8.3% 8.0% 7.7% 7.6% 7.6% 7.5% 7.5% 7.3% 7.4% 7.3% 6.5% 6.4% 6.7% 6.6% 6.2% 6.3% 5.8% 6.0% 5.0%

8.7%

NOV 2020

DEC 2020

JAN 2021

FEB 2021

MAR 2021

APR 2021

CALIFORNIA

MAY 2021

JUN 2021

JUL 2021

AUG 2021

SEP 2021

OCT 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% -28.5% -25.4% -24.0% -33.9% -29.1% -40.0% -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

1.1

0.9

1.0

1.5

1.3 1.2

1.2 1.3

1.1

1.4

1.3

0.5

0.5

1.3

1.1 0.5

0.0 SEP 2020

OCT 2020

NOV 2020

DEC 2020

JAN 2021

FEB 2021

MAR 2021

THIS YEAR

APR 2021

MAY 2021

JUN 2021

JUL 2021

AUG 2021

LAST YEAR

NEWPORT BEACH & COMPANY 1600 NEWPORT CENTER DRIVE, SUITE 120 NEWPORT BEACH, CA 92660 INFO@VISITNEWPORTBEACH.COM 800-94-COAST © 2021. NEWPORT BEACH & COMPANY

SEP 2021

OCT 2021