NEWPORT BEACH ECONOMIC DASHBOARD: December 18, 2023

DECEMBER 18, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY (DECEMBER 3 – DECEMBER 9)

SOURCE: STR, KEY DATA DASHBOARD

DECEMBER 18, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY VISITATION METRICS (DECEMBER 3 – DECEMBER 9)

OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS Los Angeles CA

31.1%

San Diego CA

7.5%

San Francisco-Oakland-San Jose CA

6.3%

Phoenix AZ

6.3%

Las Vegas NV

3.2%

Sacramento-Stockton-Modesto CA

3.0%

Salt Lake City UT

2.9%

Palm Springs CA

2.9%

New York NY

2.6%

Fresno-Visalia CA

2.2%

SOURCE: ZARTICO

DECEMBER 18, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY (OCTOBER 7 – DECEMBER 9)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY (%)

76%

75% 70%

72%

72%

68%

68%

74%

74%

71% 67%

61%

65%

66%

56% 57%

50% 52% 47%

OCT 7

OCT 14

OCT 21

OCT 28

NOV 4 2022

NOV 11

NOV 18

NOV 25

DEC 2

DEC 9

2023

NOV 12 - NOV 18

SOURCE: STR

NOV 19 - NOV 25

NOV 26 - DEC 2

DEC 3 - DEC 9

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%

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%

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

DECEMBER 18, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR (OCTOBER 7 – DECEMBER 9)

NEWPORT BEACH HOTELS WEEKLY ADR ($) $375 $347 $332

$328

$330

$319 $312

$313

$305

$315

$309

$306

$324

$320

$352

$320

$306

$306

$301

$291

OCT 7

OCT 14

OCT 21

OCT 28

NOV 4

NOV 11 2022

NOV 18

NOV 25

DEC 2

DEC 9

2023

NOV 12 - NOV 18

SOURCE: STR

NOV 19 - NOV 25

NOV 26 - DEC 2

DEC 3 - DEC 9

$299

$294

$304

$316

$309

$296

$276

$294

$300

$301

$305

$281

$270

$269

$320

$366

$389

$367

$338

$336

$326

$329

$313

$314

$302

$294

$294

$291

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

DECEMBER 18, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR (OCTOBER 7 – DECEMBER 9)

NEWPORT BEACH HOTELS WEEKLY REVPAR ($)

$263 $243

$223 $227

$220

$224

$224

$221

$241

$188

$203

$217

$224 $176

$209

$173

OCT 7

OCT 14

OCT 21

OCT 28

$203

$165 $162

NOV 4 2022

NOV 11

NOV 18

NOV 25

DEC 2

DEC 9

2023

NOV 12 - NOV 18

SOURCE: STR

NOV 19 - NOV 25

NOV 26 - DEC 2

DEC 3 - DEC 9

$208

$207

$241

$279

$258

$221 $154

$208

$191

$202

$189

$150

$116

$81

$154

$230

$243

$142

$136

$134

$193

$261

$227

$201

$238

$221

$181

$136

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

DECEMBER 18, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS WEEKLY (OCTOBER 7 – DECEMBER 9) NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY OCCUPANCY (%) 71%

67%

75%

72%

70%

74% 68%

57%

56% 50%

49%

45%

45%

41% 35% 30%

OCT 7

OCT 14

OCT 21

OCT 28

NOV 4 HOTEL

32%

31%

NOV 11

NOV 18

22%

NOV 25

DEC 2

26%

DEC 9

SHORT-TERM RENTAL

NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY ADR ($) $622 $515

$510 $481

$469

$438

$432

$459

$444 $405

$330

OCT 7

$320

OCT 14

$324

OCT 21

$319

OCT 28

$352 $305

NOV 4 HOTEL

$313

$306

NOV 11 NOV 18 SHORT-TERM RENTAL

NOV 25

$291

$301

DEC 2

DEC 9

NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY REVPAR ($) $282 $232 $220

$251

$243

$224

$221 $227

$209

$173

$197

$133

OCT 14

OCT 21

OCT 28

NOV 4 HOTEL

SOURCE: STR, KEY DATA DASHBOARD

$162 $176

$165

OCT 7

$224

$140

NOV 11

$144

NOV 18

SHORT-TERM RENTAL

NOV 25

$98

$104

DEC 2

DEC 9

DECEMBER 18, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS (OCTOBER 7 – DECEMBER 9)

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

47%

46% 46%

45%

41% 39%

45%

38%

36% 33%

31%

35%

30%

32%

30%

24% 26% 22%

OCT 7

OCT 14

OCT 21

OCT 28

NOV 4 2022

NOV 11

NOV 18

NOV 25

DEC 2

DEC 9

2023

NOV 12 - NOV 18

SOURCE: KEY DATA DASHBOARD

NOV 19 - NOV 25

NOV 26 - DEC 2

DEC 3 - DEC 9

$413

$405

$399

$404

$400

$398

$413

$443

$437

$428

$406

$407

$420

$548

$627

$650

$647

$648

$645

$592

$525

$502

$477

$448

$429

$440

$430

$437

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

DECEMBER 18, 2023, 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

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