NEWPORT BEACH ECONOMIC DASHBOARD: December 11, 2023

DECEMBER 11, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY (NOVEMBER 26 – DECEMBER 2)

SOURCE: STR, KEY DATA DASHBOARD

DECEMBER 11, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY VISITATION METRICS (NOVEMBER 26 – DECEMBER 2)

OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS Los Angeles CA

17.0%

San Diego CA

9.3%

San Francisco-Oakland-San Jose CA

8.9%

Phoenix AZ

7.4%

Las Vegas NV

5.1%

Sacramento-Stockton-Modesto CA

4.4%

Salt Lake City UT

SOURCE: ZARTICO

2.9%

Palm Springs CA

2.4%

Fresno-Visalia CA

2.2%

Dallas-Ft. Worth TX

2.1%

DECEMBER 11, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY (SEPTEMBER 30 – DECEMBER 2)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY (%)

76%

76%

75% 70%

72%

68%

68%

74%

71% 67%

65%

72% 61%

65%

56% 57%

50% 52% 47%

SEP 30

OCT 7

OCT 14

OCT 21

OCT 28 2022

NOV 4

NOV 11

NOV 18

NOV 25

DEC 2

2023

NOV 5 - NOV 11

SOURCE: STR

NOV 12 - NOV 18

NOV 19 - NOV 25

NOV 26 - DEC 2

70.7%

63.5%

67.09%

61.9%

53.3%

43.0%

30.2%

48.0%

63.0%

62.4%

52.5%

42.0%

40.4%

41.1%

79.4%

72.5%

63.9%

78.6%

75.4%

61.6%

46.9%

78.4%

75.8%

64.1%

76.0%

80.4%

68.3%

57.8%

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

DECEMBER 11, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR (SEPTEMBER 30 – DECEMBER 2)

NEWPORT BEACH HOTELS WEEKLY ADR ($) $375 $351

$347 $332

$328

$330

$319 $312

$313

$305

$315

$309

$306

$324

$320

$352

$320

$306 $291

SEP 30

OCT 7

OCT 14

OCT 21

OCT 28 2022

NOV 4

NOV 11

NOV 18

NOV 25

DEC 2

2023

NOV 5 - NOV 11

SOURCE: STR

NOV 12 - NOV 18

NOV 19 - NOV 25

NOV 26 - DEC 2

$294

$300

$301

$305

$281

$270

$269

$320

$366

$389

$367

$338

$336

$326

$329

$313

$314

$302

$294

$294

$291

$326

$323

$300

$305

$319

$316

$299

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

DECEMBER 11, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR (SEPTEMBER 30 – DECEMBER 2)

NEWPORT BEACH HOTELS WEEKLY REVPAR ($)

$263

$260

$243

$223 $227

$227

$220

$188

$203

$224

$224

$221

$241

$217

$176

$209

$165

$173

SEP 30

OCT 7

OCT 14

OCT 21

OCT 28 2022

$162

NOV 4

NOV 11

NOV 18

NOV 25

DEC 2

2023

NOV 5 - NOV 11

SOURCE: STR

NOV 12 - NOV 18

NOV 19 - NOV 25

NOV 26 - DEC 2

$208

$191

$202

$189

$150

$116

$81

$154

$230

$243

$193 $142

$136

$227

$201

$238

$221

$261

$134

$136

$181

$255

$245 $192

$232

$256

$216

$173

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

DECEMBER 11, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS WEEKLY (SEPTEMBER 30 – DECEMBER 2) NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY OCCUPANCY (%) 76% 67%

71%

75%

72%

70%

68%

57%

56% 50%

45%

41%

49%

45%

41% 35%

SEP 30

OCT 7

OCT 14

OCT 21

OCT 28 HOTEL

30%

32%

31%

NOV 4

NOV 11

NOV 18

$351

SEP 30

$515

OCT 7

DEC 2

$622

$510 $481

$330

NOV 25

SHORT-TERM RENTAL

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

$493

22%

$320

OCT 14

$324

OCT 21

$469

$319

OCT 28 HOTEL

$438

$432

$459

$444

$352 $305

$313

NOV 4 NOV 11 SHORT-TERM RENTAL

$306

NOV 18

$291

NOV 25

DEC 2

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

$260 $232 $220

$251

$243

$224

$221 $227

$202

$209

$173

$197

$162 $176

$165 $133

$140

$144 $98

SEP 30

OCT 7

OCT 14

OCT 21

OCT 28 HOTEL

SOURCE: STR, KEY DATA DASHBOARD

NOV 4

NOV 11

SHORT-TERM RENTAL

NOV 18

NOV 25

DEC 2

DECEMBER 11, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS (SEPTEMBER 30 – DECEMBER 2)

NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY (%) 49%

47% 41%

46% 46%

45%

41%

40%

36%

39%

45%

38% 33%

31%

35% 32%

30%

24%

22%

SEP 30

OCT 7

OCT 14

OCT 21

OCT 28 2022

NOV 4

NOV 11

NOV 18

NOV 25

DEC 2

2023

NOV 5 - NOV 11

SOURCE: KEY DATA DASHBOARD

NOV 12 - NOV 18

NOV 19 - NOV 25

NOV 26 - DEC 2

$443

$437

$428

$406

$407

$420

$548

$627

$650

$647

$648

$645

$592

$525

$502

$477

$448

$429

$440

$430

$437

$454

$454

$440

$415

$404

$406

$424

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

DECEMBER 11, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY COMPETITIVE CITY METRICS AND EVENTS NEWPORT BEACH HOTELS COMPETITIVE CITIES - OCT 2023 $700 $600

80.6%

76.0%

73.4%

71.1%

67.9%

78.7%

70.1%

67.7%

$500

90%

63.0%

59.2%

70%

62.6%

60%

$400 $635

50%

$-

NEWPORT BEACH

HUNTINGTON SAN DIEGO BEACH

DANA POINT

IRVINE

LA JOLLA

SANTA BARBARA

BEVERLY HILLS

PALM SPRINGS

ANAHEIM

$379

$264

40%

$221

$273

$300

$188

$100

$210

$254

$322

$409

$300 $200

80%

30% 20% 10%

SANTA MONICA

0%

SOURCE: STR

SAN DIEGO

SEPTEMBER – DECEMBER 2023

• 11/8 – 12: BAY WINE & FOOD FESTIVAL • 11/3 – 12: FLEET WEEK

SANTA BARBARA

SEPTEMBER – DECEMBER 2023

• 11/5: HALF MARATHON • 11/11: 78 YERS OF DIVING & DISCOVERY GALA

LOS ANGELES

SEPTEMBER – DECEMBER 2023

• 10/01 – 12/31: MADE IN LA ACTS OF LIVING • 11/11 – 01/01: ASTRA LUMINA

LAGUNA BEACH

SEPTEMBER – DECEMBER 2023

• 11/03– 05: LAGUNA ART MUSEUM: ART AND NATURE • 11/08 – 12: COAST FILM FESTIVAL