NEWPORT BEACH ECONOMIC DASHBOARD: January 15, 2024

JANUARY 15, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY (DECEMBER 31 – JANUARY 6)

SOURCE: STR, KEY DATA DASHBOARD

JANUARY 15, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY VISITATION METRICS (DECEMBER 31 – JANUARY 6)

OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS Los Angeles CA

24.7%

San Diego CA

9.0%

Phoenix AZ

8.6%

San Francisco-Oakland-San Jose CA

6.3%

Las Vegas NV

4.7%

Palm Springs CA

3.7%

Sacramento-Stockton-Modesto CA

3.5%

SOURCE: ZARTICO

Dallas-Ft. Worth TX

2.2%

Seattle-Tacoma WA

2.2%

Bakersfield CA

2.0%

JANUARY 15, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY (NOVEMBER 4 – JANUARY 6)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY (%)

61%

72%

72%

68%

68%

74% 62% 66%

56%

61%

50%

57%

57% 56%

52%

43%

42%

47%

40%

NOV 4

NOV 11

NOV 18

NOV 25

DEC 2 2022

DEC 9

DEC 16

DEC 23

DEC 30

JAN 6

2023

DEC 17 - DEC 23

DEC 24 - DEC 30

DEC 31 - JAN 6

42.8%

39.9%

41.2%

38.8%

35.2%

36.1%

66.9%

60.7%

62.3%

62.0%

58.3%

53.6%

49.5%

51.8%

51.9%

45.2%

39.9%

37.3%

41.6%

40.5%

38.5%

DEC 10 - DEC 16

SOURCE: STR

63.8%

64.5%

66.8%

67.6%

65.5%

56.5%

42.1%

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

JANUARY 15, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR (NOVEMBER 4 – JANUARY 6)

NEWPORT BEACH HOTELS WEEKLY ADR ($) $396 $375 $353 $352

$320 $313

$305

$315

$309

$306

$306

NOV 4

NOV 11

NOV 18

NOV 25

DEC 2

DEC 9 2022

$335

$306 $301

$291

$330

$320

$294

$293

DEC 16

DEC 23

$299

DEC 30

JAN 6

2023

DEC 10 - DEC 16

SOURCE: STR

DEC 17 - DEC 23

DEC 24 - DEC 30

DEC 31 - JAN 6

$297

$292

$292

$303

$321

$349

$406

$372

$349

$330

$324

$317

$319

$328

$311

$303

$298

$282

$279

$282

$284

$318

$331

$288

$300

$281

$269

$252

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

JANUARY 15, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR (NOVEMBER 4 – JANUARY 6)

NEWPORT BEACH HOTELS WEEKLY REVPAR ($)

$224 $188

$224

$224

$220 $199

$217

$209

$176

$203

$165

$173

$162

$191

$147

$179

$142

$123

NOV 4

NOV 11

NOV 18

NOV 25

DEC 2 2022

DEC 9

DEC 16

$120

DEC 23

DEC 30

JAN 6

2023

DEC 10 - DEC 16

SOURCE: STR

DEC 17 - DEC 23

DEC 24 - DEC 30

DEC 31 - JAN 6

$127

$116

$121

$118

$113

$126

$272

$226

$217

$205

$189

$170

$158

$170

$161

$137

$119

$105

$116

$114

$109

$203

$213

$193

$203

$184

$152

$106

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

JANUARY 15, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS WEEKLY (NOVEMBER 4 – JANUARY 6) NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS WEEKLY OCCUPANCY (%) 72%

74% 68% 61%

57%

57%

56% 50% 42% 45%

30%

NOV 4

32%

31%

NOV 11

NOV 18

22%

NOV 25

DEC 2 HOTEL

26%

25%

DEC 9

DEC 16

43% 47% 34%

30%

DEC 23

DEC 30

JAN 6

SHORT-TERM RENTAL

NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS WEEKLY ADR ($) $579

$622

$495

$494 $438

$432

$459

$444 $405

$414

$352 $305

$313

$306

NOV 4

NOV 11

NOV 18

$291

NOV 25

DEC 2 HOTEL

$301

$294

$293

DEC 9 DEC 16 SHORT-TERM RENTAL

DEC 23

$335

$330

DEC 30

JAN 6

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

$270

$224

$224 $209

$173

$162

NOV 4

$140

NOV 11

$144

$142 $123

NOV 18

NOV 25

$98

$104

$104

DEC 2

DEC 9

DEC 16

HOTEL SOURCE: STR, KEY DATA DASHBOARD

$170 $150

$176 $133

$191

$179

SHORT-TERM RENTAL

DEC 23

DEC 30

JAN 6

JANUARY 15, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS (NOVEMBER 4 – JANUARY 6)

NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY (%)

38% 33%

46%

47%

45%

45%

31%

30%

32%

30%

34%

33% 24%

25%

30%

DEC 16

DEC 23

32%

26% 22%

NOV 4

NOV 11

NOV 18

NOV 25

DEC 2 2022

DEC 9

DEC 30

JAN 6

2023

DEC 10 - DEC 16

SOURCE: KEY DATA DASHBOARD

DEC 17 - DEC 23

DEC 24 - DEC 30

DEC 31 - JAN 6

$434

$439

$447

$475

$517

$549

$568

$573

$581

$586

$578

$585

$575

$575

$555

$531

$504

$470

$460

$440

$449

$448

$440

$421

$394

$383

$386

$390

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

JANUARY 15, 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