NEWPORT BEACH ECONOMIC DASHBOARD: December 4, 2023

DECEMBER 4, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY EXECUTIVE SUMMARY (NOVEMBER 19 – NOVEMBER 25)

SOURCE: STR, KEY DATA DASHBOARD

DECEMBER 4, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY VISITATION METRICS (NOVEMBER 19 – NOVEMBER 25)

OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS Los Angeles CA

19.1%

San Diego CA

8.4%

San Francisco CA

7.5%

Phoenix AZ

6.9%

Sacramento CA

4.7%

Las Vegas NV

4.6%

Dallas-Ft. Worth TX

3.3%

Palm Springs CA

2.8%

Fresno-Visalia CA

2.6%

Santa Barbara, CA

2.5%

SOURCE: ZARTICO

DECEMBER 4, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: OCCUPANCY (SEPTEMBER 23 – NOVEMBER 25)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY (%) 100% 90% 78%

80%

76%

76%

75% 70%

76%

70%

67%

65%

72%

68%

68%

74%

71%

60%

72% 61%

65%

57%

50%

50% 47%

40% SEP 23

SEP 30

OCT 7

OCT 14

OCT 21

OCT 28

2022

2023

NOV 4

NOV 11

NOV 18

NOV 25

NEWPORT BEACH HOTELS DAILY OCCUPANCY BY DAY OF WEEK (%) 90% 80% 70% 60%

10% 0% OCT 29 - NOV 4

SOURCE: STR

NOV 5 - NOV 11

NOV 12 - NOV 18

NOV 19 - NOV 25

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%

79.8%

63.6%

57.8%

41.5%

40.6%

20%

43.8%

30%

58.3%

40%

69.8%

50%

DECEMBER 4, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: ADR (SEPTEMBER 23 – NOVEMBER 25)

NEWPORT BEACH HOTELS WEEKLY ADR ($) $400 $375

$375

$351

$347

$350

$347 $332

$344

$325

$328

$330

$352

$320

$309

$306

$324

$320

$300

$319 $312

$305

OCT 21

OCT 28

NOV 4

2022

2023

$313

$306

NOV 11

NOV 18

$275 $250 $225 $200 SEP 23

SEP 30

OCT 7

OCT 14

NOV 25

NEWPORT BEACH HOTELS DAILY ADR BY DAY OF WEEK ($) $400 $350

$150 $100 OCT 29 - NOV 4

SOURCE: STR

NOV 5 - NOV 11

NOV 12 - NOV 18

NOV 19 - NOV 25

$320

$389

$366

$338

$336

$326

$329

$313

$314

$302

$294

$294

$291

$326

$323

$300

$305

$319

$316

$299

$338

$324

$304

$278

$268

$267

$200

$322

$250

$367

$300

DECEMBER 4, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY HOTEL PERFORMANCE: REVPAR (SEPTEMBER 23 – NOVEMBER 25)

NEWPORT BEACH HOTELS WEEKLY REVPAR ($)

$350 $300 $267

$250

$263

$260

$264

$243

$223 $227

$200

$241

$227

$220

$224

$224

$221 $188

$203

$217

$209

$176

NOV 18

NOV 25

$173

$150 $100 $50 SEP 23

SEP 30

OCT 7

OCT 14

OCT 21

OCT 28

2022

2023

NOV 4

NOV 11

NEWPORT BEACH HOTELS DAILY REVPAR BY DAY OF WEEK ($) $300 $250

$0 OCT 29 - NOV 4

SOURCE: STR

NOV 5 - NOV 11

NOV 12 - NOV 18

NOV 19 - NOV 25

$154

$230

$243

$193 $142

$136

$227

$201

$238

$221

$261

$134

$136

$181

$255

$245 $192

$232

$256

$216

$226

$193

$173

$134

$109

$50

$117

$100

$162

$150

$270

$200

DECEMBER 4, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY SHORT-TERM RENTALS VS. HOTELS METRICS WEEKLY (SEPTEMBER 23 – NOVEMBER 25) NEWPORT BEACH SHORT-TERM RENTALS VS. HOTELS 2023 WEEKLY OCCUPANCY (%)

90% 80%

78%

76% 67%

70%

71%

75%

72%

70%

68%

57%

60%

50%

50% 40%

42%

41%

45%

49%

45%

41% 35%

30%

30%

32%

31%

NOV 11

NOV 18

20% SEP 23

SEP 30

OCT 7

OCT 14 HOTEL

OCT 21

OCT 28

NOV 4

SHORT-TERM RENTAL

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

$650

$550 $486

$493

$515

$344

$351

$622

$510 $481

$469

$450

$350

NOV 25

$438

$352

$330

$320

OCT 7

OCT 14 OCT 21 OCT 28 NOV 4 HOTEL SHORT-TERM RENTAL

$324

$319

$432

$459

$305

$313

$306

NOV 11

NOV 18

$250 SEP 23

SEP 30

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

$350 $300

$267

$282

$260

$250 $200

NOV 25

$232 $205

$220

$251

$243

$224

$221 $227

$202

$150

$209

$173

$197

$144

$165

$100

$133

$140

NOV 4

NOV 11

$176

$50 SEP 23

SEP 30

OCT 7

OCT 14 HOTEL

SOURCE: STR, KEY DATA DASHBOARD

OCT 21

OCT 28

SHORT-TERM RENTAL

NOV 18

NOV 25

DECEMBER 4, 2023, WEEKLY REPORT

NEWPORT BEACH & COMPANY SHORT-TERM RENTAL METRICS (SEPTEMBER 23 – NOVEMBER 25)

NEWPORT BEACH SHORT-TERM RENTALS WEEKLY OCCUPANCY (%) 70% 60% 50%

49%

47% 42%

41%

40%

46%

46%

45%

41%

40%

39%

45%

38%

36% 33%

31%

35%

30%

32%

30%

20% SEP 23

SEP 30

OCT 7

OCT 14

OCT 21

OCT 28

2022

2023

NOV 4

NOV 11

NOV 18

NOV 25

NEWPORT BEACH SHORT-TERM RENTALS DAILY ADR BY DAY OF WEEK ($) $700 $600 $500

$100 $0 OCT 29 - NOV 4

SOURCE: KEY DATA DASHBOARD

NOV 5 - NOV 11

NOV 12 - NOV 18

NOV 19 - NOV 25

$630

$652

$648

$649

$646

$593

$527

$477

$448

$429

$440

$430

$437

$454

$454

$440

$415

$404

$406

$424

$446

$451

$435

$419

$425

$425

$200

$452

$300

$502

$400

DECEMBER 4, 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

$221 BEVERLY HILLS

PALM SPRINGS

ANAHEIM

$379

$264

40%

$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