NEWPORT BEACH ECONOMIC DASHBOARD: December 25, 2023

DECEMBER 25, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY (DECEMBER 10 – DECEMBER 16)

SOURCE: STR, KEY DATA DASHBOARD

DECEMBER 25, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY VISITATION METRICS (DECEMBER 10 – DECEMBER 16)

OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS Los Angeles CA

18.9%

Phoenix AZ

9.0%

San Diego CA

8.6%

San Francisco-Oakland-San Jose CA

7.7%

Las Vegas NV

5.5%

Sacramento-Stockton-Modesto CA Salt Lake City UT

3.3%

Palm Springs CA

3.3%

Santa Barbara-Santa Maria-San Luis Obispo CA Fresno-Visalia CA

SOURCE: ZARTICO

4.7%

2.5% 2.2%

DECEMBER 25, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY (OCTOBER 14 – DECEMBER 16)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY (%)

76%

75% 70%

72%

72%

68%

68%

74%

74%

71%

61%

65%

56% 57%

62%

66%

61%

50% 52% 47%

OCT 14

OCT 21

OCT 28

NOV 4

NOV 11 2022

NOV 18

NOV 25

DEC 2

DEC 9

DEC 16

2023

NOV 19 - NOV 25

SOURCE: STR

NOV 26 - DEC 2

DEC 3 - DEC 9

DEC 10 - DEC 16

63.8%

64.5%

66.8%

67.6%

65.5%

56.5%

42.1%

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%

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

DECEMBER 25, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR (OCTOBER 14 – DECEMBER 16)

NEWPORT BEACH HOTELS WEEKLY ADR ($) $375 $347 $328

$319 $312

$313

$305

$320

$315

$309

$306

$324

$320

$352

$320

$306

$306

$301

$291

OCT 14

OCT 21

OCT 28

NOV 4

NOV 11 2022

NOV 18

NOV 25

DEC 2

$294

DEC 9

DEC 16

2023

NOV 19 - NOV 25

SOURCE: STR

NOV 26 - DEC 2

DEC 3 - DEC 9

DEC 10 - DEC 16

$318

$331

$288

$300

$281

$269

$252

$299

$294

$304

$316

$309

$296

$276

$294

$300

$301

$305

$281

$270

$269

$320

$366

$389

$367

$338

$336

$326

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

DECEMBER 25, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR (OCTOBER 14 – DECEMBER 16)

NEWPORT BEACH HOTELS WEEKLY REVPAR ($)

$263 $243 $227

$224

$224

$221

$241

$188

$203

$217

$224 $199 $176

$209

$173

OCT 14

OCT 21

OCT 28

$203

$165

$179

$162

NOV 4

NOV 11 2022

NOV 18

NOV 25

DEC 2

DEC 9

DEC 16

2023

NOV 19 - NOV 25

SOURCE: STR

NOV 26 - DEC 2

DEC 3 - DEC 9

DEC 10 - DEC 16

$203

$213

$193

$203

$184

$152

$106

$208

$207

$241

$279

$258

$221 $154

$208

$191

$202

$189

$150

$116

$81

$154

$230

$243

$142

$136

$134

$193

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

DECEMBER 25, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS WEEKLY (OCTOBER 14 – DECEMBER 16) NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY OCCUPANCY (%) 75%

71%

72%

70%

74% 68% 61%

57%

56% 50%

49%

45%

41% 35%

32%

31%

NOV 11

NOV 18

30%

OCT 14

OCT 21

OCT 28

NOV 4

HOTEL

22%

NOV 25

DEC 2

26%

25%

DEC 9

DEC 16

SHORT-TERM RENTAL

NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY ADR ($) $622 $510 $481

$469 $438

$320

OCT 14

$324

OCT 21

$319

OCT 28

$432

$459

$444 $405

$414

$291

$301

$294

DEC 2

DEC 9

DEC 16

$352 $305

$313

NOV 4

NOV 11 HOTEL

$306

NOV 18 NOV 25 SHORT-TERM RENTAL

NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY REVPAR ($) $282 $251

$243

$224

$221 $227

$209

$173

$197

$133

OCT 21

OCT 28

NOV 4

$140

NOV 11 HOTEL

SOURCE: STR, KEY DATA DASHBOARD

$179

$162 $176

$165

OCT 14

$224

$144

NOV 18

NOV 25

SHORT-TERM RENTAL

$98

$104

$104

DEC 2

DEC 9

DEC 16

DECEMBER 25, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS (OCTOBER 14 – DECEMBER 16)

NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY (%) 49% 46% 46%

41% 36%

39%

45%

38% 33%

31%

35%

30%

32%

30%

24%

25% 26%

25%

DEC 9

DEC 16

22%

OCT 14

OCT 21

OCT 28

NOV 4

NOV 11 2022

NOV 18

NOV 25

DEC 2

2023

NOV 19 - NOV 25

SOURCE: KEY DATA DASHBOARD

NOV 26 - DEC 2

DEC 3 - DEC 9

DEC 10 - DEC 16

$448

$440

$421

$394

$383

$386

$390

$394

$385

$379

$378

$377

$371

$382

$443

$437

$428

$406

$407

$420

$548

$627

$650

$647

$648

$645

$592

$525

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

DECEMBER 25, 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