NEWPORT BEACH ECONOMIC DASHBOARD: January 8, 2024

JANUARY 8, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY (DECEMBER 24 – DECEMBER 30)

SOURCE: STR, KEY DATA DASHBOARD

JANUARY 8, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY VISITATION METRICS (DECEMBER 24 – DECEMBER 30)

OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS Los Angeles CA

16.8%

San Diego CA

7.4%

Phoenix AZ

7.3%

San Francisco-Oakland-San Jose CA

6.4%

Las Vegas NV

4.7%

Sacramento-Stockton-Modesto CA Salt Lake City UT

3.4%

Dallas-Ft. Worth TX

3.3%

Denver CO New York NY

SOURCE: ZARTICO

4.0%

2.9% 2.4%

JANUARY 8, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY (OCTOBER 28 – DECEMBER 30)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY (%)

70% 61%

65%

72%

72%

68%

68%

74%

62%

66% 56%

57%

57%

61%

50%

56%

52%

42%

47%

OCT 28

NOV 4

NOV 11

NOV 18

NOV 25 2022

DEC 2

DEC 9

DEC 16

DEC 23

DEC 30

2023

DEC 10 - DEC 16

DEC 17 - DEC 23

DEC 24 - DEC 30

60.8%

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%

63.8%

64.5%

66.8%

67.6%

65.5%

56.5%

69.6%

42.1%

DEC 3 - DEC 9

SOURCE: STR

70.3%

79.0%

88.2%

83.5%

74.6%

55.7%

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

JANUARY 8, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR (OCTOBER 28 – DECEMBER 30)

NEWPORT BEACH HOTELS WEEKLY ADR ($) $396 $375 $353 $319

$352

$320

$309

$306 $312

$313

$305

$320

$315

$306

$301

$291

OCT 28

NOV 4

NOV 11

NOV 18

NOV 25 2022

$335

$306

DEC 2

DEC 9

$294

$293

DEC 16

DEC 23

DEC 30

2023

DEC 3 - DEC 9

SOURCE: STR

DEC 10 - DEC 16

DEC 17 - DEC 23

DEC 24 - DEC 30

$372

$350

$330

$324

$317

$319

$328

$311

$303

$298

$282

$279

$282

$284

$318

$331

$288

$300

$281

$269

$252

$299

$294

$304

$316

$309

$296

$276

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

JANUARY 8, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR (OCTOBER 28 – DECEMBER 30)

NEWPORT BEACH HOTELS WEEKLY REVPAR ($)

$224

$221 $188

$203

$224

$224

$220 $199

$217

$209

$176

$203

$165

$173

$191

$147

$179 $162

$123

OCT 28

NOV 4

NOV 11

NOV 18

NOV 25 2022

DEC 2

DEC 9

DEC 16

DEC 23

DEC 30

2023

DEC 10 - DEC 16

DEC 17 - DEC 23

DEC 24 - DEC 30

$226

$218

$205

$189

$170

$158

$170

$161

$137

$119

$105

$116

$114

$109

$203

$213

$193

$203

$184

$152

$208

$106

DEC 3 - DEC 9

SOURCE: STR

$207

$241

$279

$258

$154

$221

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

JANUARY 8, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS WEEKLY (OCTOBER 28 – DECEMBER 30) NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY OCCUPANCY (%) 72%

70%

74% 68% 61%

57%

57%

56% 50%

47%

42% 45% 35% 30%

OCT 28

NOV 4

32%

31%

NOV 11

NOV 18

22%

NOV 25 HOTEL

DEC 2

26%

25%

DEC 9

DEC 16

30%

DEC 23

DEC 30

SHORT-TERM RENTAL

NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY ADR ($) $576

$622 $494 $469 $438

$432

$459

$444 $405

$319

OCT 28

$414

$352 $305

$313

$306

NOV 4

NOV 11

NOV 18

$335 $301

$294

$293

DEC 2 DEC 9 SHORT-TERM RENTAL

DEC 16

DEC 23

$291

NOV 25 HOTEL

DEC 30

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

$224

$221

$224 $209

$173

$133

NOV 4

$140

NOV 11

$162

$150

$144 $123

NOV 18

NOV 25 HOTEL

SOURCE: STR, KEY DATA DASHBOARD

$191

$179

$176

$165

OCT 28

$269

$98

$104

$104

DEC 2

DEC 9

DEC 16

SHORT-TERM RENTAL

DEC 23

DEC 30

JANUARY 8, 2024, WEEKLY REPORT

NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS (OCTOBER 28 – DECEMBER 30)

NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY (%)

47%

46%

36%

45%

45%

38% 33%

33%

31%

35%

30%

32%

30%

24%

25% 26%

25%

DEC 9

DEC 16

30%

22%

OCT 28

NOV 4

NOV 11

NOV 18

NOV 25 2022

DEC 2

DEC 23

DEC 30

2023

DEC 3 - DEC 9

SOURCE: KEY DATA DASHBOARD

DEC 10 - DEC 16

DEC 17 - DEC 23

DEC 24 - DEC 30

$572

$578

$583

$575

$582

$571

$571

$555

$531

$504

$470

$460

$440

$449

$448

$440

$421

$394

$383

$386

$390

$394

$385

$379

$378

$377

$371

$382

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

JANUARY 8, 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