NEWPORT BEACH ECONOMIC DASHBOARD: January 22, 2024

JANUARY 22, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY (JANUARY 7 – JANUARY 13)

SOURCE: STR, KEY DATA DASHBOARD

JANUARY 22, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY VISITATION METRICS (JANUARY 7 - JANUARY 13)

OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS Los Angeles CA

20.9%

San Diego CA

9.3%

Phoenix AZ

7.6%

San Francisco-Oakland-San Jose CA

6.5%

Las Vegas NV

4.8%

Sacramento-Stockton-Modesto CA

3.9%

Fresno-Visalia CA

3.6%

SOURCE: ZARTICO

Palm Springs CA

3.2%

Denver CO

3.0%

Salt Lake City UT

2.9%

JANUARY 22, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY (NOVEMBER 11 – JANUARY 13)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY (%)

72%

72%

68%

68%

74% 62%

62%

66%

56%

57%

61%

50%

56%

52% 47%

55%

43%

42%

40%

NOV 11

NOV 18

NOV 25

DEC 2

DEC 9 2022

DEC 16

DEC 23

DEC 30

JAN 6

JAN 13

2023

DEC 17 - DEC 23

SOURCE: STR

DEC 24 - DEC 30

DEC 31 - JAN 6

JAN 7 - JAN 13

55.6%

77.4%

75.5%

67.8%

54.2%

40.0%

43.1%

40.3%

41.3%

38.8%

35.7%

36.5%

64.8%

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%

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

JANUARY 22, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR (NOVEMBER 11 – JANUARY 13)

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

$320 $313

$320

$315

$309

$335

$306

$294

$306

$301

$291

NOV 11

$330

NOV 18

NOV 25

DEC 2

DEC 9 2022

$294

$293

DEC 16

DEC 23

$299 $283

DEC 30

JAN 6

JAN 13

2023

DEC 17 - DEC 23

SOURCE: STR

DEC 24 - DEC 30

DEC 31 - JAN 6

JAN 7 - JAN 13

$273

$273

$274

$294

$285

$287

$291

$295

$289

$292

$303

$317

$346

$406

$372

$349

$330

$324

$317

$319

$328

$311

$303

$298

$282

$279

$282

$284

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

JANUARY 22, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR (NOVEMBER 11 – JANUARY 13)

NEWPORT BEACH HOTELS WEEKLY REVPAR ($)

$224

$224

$224

$220 $199

$217

$209

$176

$203

$165

$147

$179

$176

$191

$142

$162 $123

NOV 11

NOV 18

NOV 25

DEC 2

DEC 9 2022

DEC 16

$162

$120

DEC 23

DEC 30

JAN 6

JAN 13

2023

DEC 17 - DEC 23

SOURCE: STR

DEC 24 - DEC 30

DEC 31 - JAN 6

JAN 7 - JAN 13

$152

$228

$215

$186

$148

$116

$127

$116

$121

$118

$113

$126

$186

$272

$226

$217

$205

$189

$170

$158

$170

$161

$137

$119

$105

$116

$114

$109

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

JANUARY 22, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS WEEKLY (NOVEMBER 11 – JANUARY 13) NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS WEEKLY OCCUPANCY (%) 74%

72%

68% 62%

61%

57%

56% 50% 42% 45% 32%

31%

NOV 11

NOV 18

22%

NOV 25

DEC 2

26%

25%

DEC 9

DEC 16

HOTEL

43% 47% 33%

30%

DEC 23

DEC 30

JAN 6

23%

JAN 13

SHORT-TERM RENTAL

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

$622

$496

$494 $432

$459

$444 $405

$414

$405

$352 $313

$306

NOV 11

NOV 18

NOV 25

$335 $291

$301

DEC 2

DEC 9 HOTEL

$294

$330

$293

DEC 16 DEC 23 SHORT-TERM RENTAL

$283

DEC 30

JAN 6

JAN 13

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

$270

$224

$224 $209

$162

NOV 11

$165

$150

$176 $140

$191

$179

$144

$176

$142 $123

NOV 18

NOV 25

$98

$104

$104

DEC 2

DEC 9

DEC 16

HOTEL SOURCE: STR, KEY DATA DASHBOARD

$92

DEC 23

SHORT-TERM RENTAL

DEC 30

JAN 6

JAN 13

JANUARY 22, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS (NOVEMBER 11 – JANUARY 13)

NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY (%)

38%

46%

47%

45%

45% 33%

33%

31%

30%

32%

24%

25%

29%

32%

30%

26% 23%

22%

NOV 11

NOV 18

NOV 25

DEC 2

DEC 9 2022

DEC 16

DEC 23

DEC 30

JAN 6

JAN 13

2023

DEC 17 - DEC 23

SOURCE: KEY DATA DASHBOARD

DEC 24 - DEC 30

DEC 31 - JAN 6

JAN 7 - JAN 13

$422

$423

$390

$373

$388

$399

$410

$438

$442

$448

$477

$518

$548

$562

$573

$581

$586

$578

$585

$575

$575

$555

$531

$504

$470

$460

$440

$449

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

JANUARY 22, 2024, WEEKLY REPORT

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

90% 77.0%

$600 $500

62.9%

59.5%

56.9%

56.0%

60.5%

58.4%

58.2%

80% 63.1%

57.3%

55.9%

60%

$400 $638

50%

$300

$-

NEWPORT BEACH

HUNTINGTON SAN DIEGO BEACH

IRVINE

LA JOLLA

SANTA BARBARA

BEVERLY HILLS

PALM SPRINGS

ANAHEIM

$332

$255

$189

$226

$172 DANA POINT

$263

$357 $184

$213

$100

40% 30%

$309

$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