NEWPORT BEACH ECONOMIC DASHBOARD: January 1, 2024

JANUARY 1, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY (DECEMBER 17 – DECEMBER 23)

SOURCE: STR, KEY DATA DASHBOARD

JANUARY 1, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY (OCTOBER 21 – DECEMBER 23)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY (%)

75% 70%

72%

72%

68%

68%

74%

74% 61%

65%

66%

56% 57%

62% 61%

50% 52%

42%

47%

OCT 21

OCT 28

NOV 4

NOV 11

NOV 18 2022

NOV 25

DEC 2

DEC 9

DEC 16

DEC 23

2023

NOV 26 - DEC 2

SOURCE: STR

DEC 3 - DEC 9

DEC 10 - DEC 16

DEC 17 - DEC 23

51.8%

45.0%

39.8%

37.2%

41.4%

40.4%

38.5%

63.8%

64.5%

66.8%

67.6%

65.5%

56.5%

42.1%

69.6%

70.3%

79.0%

88.2%

83.5%

74.6%

55.7%

70.7%

63.5%

67.1%

61.9%

53.3%

43.0%

30.2%

NEWPORT BEACH HOTELS DAILY OCCUPANCY BY DAY OF WEEK (%)

JANUARY 1, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR (OCTOBER 21 – DECEMBER 23)

NEWPORT BEACH HOTELS WEEKLY ADR ($) $375 $353 $328

$319

$352

$320

$309

$306

$324 $312

$313

$305

$320

$315

$306

$306

$301

$291

OCT 21

OCT 28

NOV 4

NOV 11

NOV 18 2022

NOV 25

DEC 2

DEC 9

$294

$293

DEC 16

DEC 23

2023

NOV 26 - DEC 2

SOURCE: STR

DEC 3 - DEC 9

DEC 10 - DEC 16

DEC 17 - DEC 23

$312

$304

$299

$283

$280

$283

$284

$318

$331

$288

$300

$281

$269

$252

$299

$294

$304

$316

$309

$296

$276

$294

$300

$301

$305

$281

$270

$269

NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK ($)

JANUARY 1, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR (OCTOBER 21 – DECEMBER 23)

NEWPORT BEACH HOTELS WEEKLY REVPAR ($)

$243

$224

$224

$221

$241

$188

$203

$224 $199

$217

$176

$209

$203

$165

$173

$147

$179

$162

$123

OCT 21

OCT 28

NOV 4

NOV 11

NOV 18 2022

NOV 25

DEC 2

DEC 9

DEC 16

DEC 23

2023

NOV 26 - DEC 2

SOURCE: STR

DEC 3 - DEC 9

DEC 10 - DEC 16

DEC 17 - DEC 23

$161

$137

$119

$105

$116

$114

$109

$203

$213

$193

$203

$184

$152

$106

$208

$207

$241

$279

$258

$221 $154

$208

$191

$202

$189

$150

$116

$81

NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK ($)

JANUARY 1, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS WEEKLY (OCTOBER 21 – DECEMBER 23) NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY OCCUPANCY (%) 75%

72%

70%

74% 68% 61%

57%

56% 50% 42% 45%

41% 35% 30%

OCT 21

OCT 28

NOV 4

32%

31%

NOV 11

NOV 18 HOTEL

22%

NOV 25

DEC 2

26%

25%

DEC 9

DEC 16

30%

DEC 23

SHORT-TERM RENTAL

NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY ADR ($) $622 $481

$493 $469 $438

$324

OCT 21

$319

OCT 28

$432

$459

$444 $405

$414

$291

$301

$294

$293

NOV 25 DEC 2 SHORT-TERM RENTAL

DEC 9

DEC 16

DEC 23

$352 $305

$313

$306

NOV 4

NOV 11

NOV 18 HOTEL

NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY REVPAR ($) $282 $243

$224

$221

$209 $176

$173

$197 $165

$133

OCT 21

$224

OCT 28

NOV 4

$140

NOV 11

$149

$144 $123

NOV 18 HOTEL

SOURCE: STR, KEY DATA DASHBOARD

$179

$162

NOV 25

$98

$104

$104

DEC 2

DEC 9

DEC 16

SHORT-TERM RENTAL

DEC 23

JANUARY 1, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS (OCTOBER 21 – DECEMBER 23)

NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY (%)

46% 41% 36%

39%

45%

38% 33%

33%

31%

35%

30%

32%

30%

24%

25%

30%

DEC 16

DEC 23

26% 22%

OCT 21

OCT 28

NOV 4

NOV 11

NOV 18 2022

NOV 25

DEC 2

DEC 9

2023

NOV 26 - DEC 2

SOURCE: KEY DATA DASHBOARD

DEC 3 - DEC 9

DEC 10 - DEC 16

DEC 17 - DEC 23

$551

$532

$506

$469

$457

$438

$447

$448

$440

$421

$394

$383

$386

$390

$394

$385

$379

$378

$377

$371

$382

$443

$437

$428

$406

$407

$420

$548

NEWPORT BEACH SHORT-TERM RENTALS DAILY ADR BY DAY OF WEEK ($)

JANUARY 1, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY COMPETITIVE CITY METRICS AND EVENTS NEWPORT BEACH HOTELS COMPETITIVE CITIES - NOV 2023 $700

80%

75.0% 69.5%

$600

62.1%

61.5%

64.0%

63.3% 56.2%

$500

63.5%

60.5%

59.5%

63.3%

60% 50%

$400

NEWPORT BEACH

HUNTINGTON SAN DIEGO BEACH

IRVINE

LA JOLLA

SANTA BARBARA

BEVERLY HILLS

PALM SPRINGS

ANAHEIM

$363

$252

$214

$250

$180 DANA POINT

$271

$354 $184

$242

$316

30%

$100 $-

40%

$643

$300 $200

70%

20% 10%

SANTA MONICA

0%

SOURCE: STR

SAN DIEGO

JANUARY 2024

• 1/6: SAN DIEGO BREW FEST • 1/12 – 1/14: SAN DIEGO RODEO AT PETCO PARK • 1/24 – 1/27: FARMERS INSURANCE OPEN AT TORREY PINES GOLF COURSE LOS ANGELES JANUARY 2024

• 1/1: TOURNAMENT OF ROSES PARADE AND ROSE BOWL • 1/1 – 1/31: THE DR. SEUSS EXPERIENCE AT SANTA MONICA PLACE • 1/27: UNCORKED WINE FESTIVAL

SANTA BARBARA JANUARY 2024

• 1/21: RIDE OF THE VALKYRIES: OPERA AT THE SYMPHONY • 1/22: PRETTY WOMAN: THE MUSICAL LAGUNA BEACH JANUARY 2024

• 1/25: LAGUNA BEACH LIVE! BENEFIT CONCERT WITH JOHN JORGENSON QUINTET