NEWPORT BEACH COVID-19 ECONOMIC RECOVERY DASHBOARD: JANUARY 20, 2022

JANUARY 20, 2022 WEEKLY REPORT

NEWPORT BEACH & COMPANY

COVID-19 ECONOMIC RECOVERY DASHBOARD

EXECUTIVE SUMMARY

NEWPORT BEACH HOTELS

ORANGE COUNTY UNEMPLOYMENT

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE OPEN HOTELS (ONLY OPEN HOTELS)

ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE

(JANUARY 9-15, 2022)

(NOVEMBER 2021)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

(JANUARY 9-15, 2022)

39.0%

ALL HOTELS (OPEN & CLOSED HOTELS)

36.9%

(NOVEMBER 2021)

4.1%

+28.2%

(JANUARY 9-15, 2022)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

+58.8%

(JANUARY 9-15, 2022) 2021 vs. 2020

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$310.84

(JANUARY 9-15, 2022)

CLOSED HOTELS: FASHION ISLAND HOTEL

JOHN WAYNE AIRPORT (SNA)

(OCTOBER 2021 vs. OCTOBER 2019) ORANGE COUNTY/JOHN WAYNE AIRPORT

MONTHLY # OF PASSENGERS NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021) OCT 2019 OCT 2021

897,873

873,422

NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021)

# OF HOTEL ROOMS OPEN FOR BOOKING:

3,056

# OF HOTEL ROOMS CLOSED:

295

U.S. TOTAL AUTOMOBILE SALES

(DECEMBER 2020 vs. DECEMBER 2021) U.S. MARKET AUTO SALES BY MONTH DEC 2020 DEC 2021

1,597,958

(NOVEMBER 2021 vs. NOVEMBER 2020)

1,032,349

CALIFORNIA & LA RESTAURANTS (WEEK OF JANUARY 13-19, 2022)

YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

- 28.9%

-38.5%

(WEEK OF JANUARY 13-19, 2022) 2021 vs. 2020

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

91%

88%

(WEEK OF JANUARY 13-19, 2022)

JANUARY 20, 2022 WEEKLY REPORT

NEWPORT BEACH & COMPANY

COVID-19 ECONOMIC RECOVERY DASHBOARD

HOTEL PERFORMANCE

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE WEEKLY OCCUPANCY RATE (%)

(2022 vs. 2021)

61.8%

65

50.9%

48.8%

55

60%

57.9%

55.9%

53.2%

50.1%

45.9%

40.6%

45

39% 32.1%

45.5%

35

34.9%

25

36.9%

34.1%

35.1%

21.1% 26.8%

15

30-OCT 6-NOV 13-NOV 20-NOV 27-NOV 4-DEC

21.4%

31.1%

23.9%

24.6%

23.3%

11-DEC 18-DEC 25-DEC

1-JAN

8-JAN

15-JAN

THIS YEAR

NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF DECEMBER 19, 2021 – JANUARY 15, 2022)

DAILY OCCUPANCY RATE (%)

90.0% 80.0% 70.0% 60.0% 50.0% 40.0%

52.1% 56.8% 48.4% 52.0% 48.2% 48.0% 43.2%

46.8% 43.7% 36.5% 36.1% 45.2% 36.5% 39.2%

30.0%

35.4% 32.1% 31.5% 31.9% 33.5% 28.5% 32.2%

45.4% 41.6% 40.5% 41.0% 34.7% 40.0% 29.9%

JAN 2-8, 2022

JAN 9-15, 2022

20.0% 10.0% 0.0% DEC 19-25, 2021

DEC 26, 2021-JAN 1, 2022 SUN

MON

TUE

WED

THU

FRI

SAT

NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR-OVER-YEAR COMPARISON FOR 2021, 2020 & 2019)

MONTHLY AVERAGE DAILY RATE ($)

100.0% 80.0% 60.0% 40.0%

69.1% 68.6% 22.7%

79.8%

78.7%

74.9% 29.6%

20.0%

38.5%

75.5% 47.7%

30.0%

0.0% JAN

FEB

MAR

81.2%

71.8% 52.6%

27.6% 13.5% APR 2021

MAY

62.6%

37.3%

JUN 2020

85.9% 71.6%

38.2%

JUL 2019

SOURCE: JANUARY 20, 2022, STR.COM: MONTHLY DATA THROUGH DECEMBER 2021

81.8% 61.7%

44.2%

AUG

76.2%

78.7%

58.1%

59.8%

43.9%

45.2%

SEP

67.6%

67.3%

53.4%

OCT

51.5% 34.3% NOV

25.0% DEC

JANUARY 20, 2022 WEEKLY REPORT

NEWPORT BEACH & COMPANY

COVID-19 ECONOMIC RECOVERY DASHBOARD

HOTEL PERFORMANCE

NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE

AVERAGE WEEKLY RATE ($)

(WEEKS OF OCTOBER 30, 2021 – JANUARY 15, 2022)

485

$448.72

435 $378.82

385 335

$306.98 $285.37 $262.17

285

$286.71 $305.11

$276.45

235

$361.35 $294.47 $312.29 $284.97

$291.00 $319.90 $277.20

$290.86

$310.84

$301.32 $310.72 $294.12 $288.82 $279.37 $265.66 $264.58

30-OCT 6-NOV 13-NOV 20-NOV 27-NOV 4-DEC

11-DEC 18-DEC 25-DEC

THIS YEAR

1-JAN

8-JAN

15-JAN

LAST YEAR

NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (DECEMBER 19, 2021 – JANUARY 15, 2022)

$478 $472 $422 $463 $411 $392 $377 $370 $336 $352 $314$313

$500 $400 $300

$523 $424 $337 $316 $307 $306 $321 $288 $271 $300 $304 $310$295 $303 $274 $270

$200 $100 2 12 /2 1 5/ 2 12 /2 1 6/ 2 12 /2 1 7/ 12 2 /2 1 8/ 2 12 /2 1 9/ 12 2 /3 1 0/ 12 21 /3 1/ 2 1/ 1 1/ 2 1/ 2 2/ 2 1/ 2 3/ 2 1/ 2 4/ 2 1/ 2 5/ 2 1/ 2 6/ 2 1/ 2 7/ 2 1/ 2 8/ 2 1/ 2 9/ 1/ 22 10 /2 1/ 2 11 /2 2 1/ 12 /2 1/ 2 13 /2 2 1/ 14 /2 2 1/ 15 /2 2

21 12

/2

4/

21 12

/2

3/

21

2/

12

/2

1/

12

/2

0/

/2

/1

12

12

21

21

$0 9/

AVERAGE DAILY RATE ($)

$600

NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR DECEMBER 2021 $800

61%

52%

$600

69%

59%

48%

50%

62%

60%

73%

62%

67%

$400

SOURCE: JANUARY 20, 2022, STR.COM

N IC A M O N TA SA

SP A LM P

$343

H EI M

R

H YL Y ER EV B

OCCUPANCY RATE (%)

$217

A N A

IN G S

IL L

RA A R B N TA

$187

S

$670

BA

JO LL SA

AVERAGE DAILY RATE ($)

$268

A

$224

LA

IN E V

D A N

A

$148

IR

PO IN T

O

$372

D IE G N

TI N G H U N

EA C H B T O R

$149

N E

W P

$198 TO N …

$340

$0

SA

$200

OCCUPANCY RATE (%)

MONTHLY AVERAGE HOTEL RATE ($)

(AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR DECEMBER 2021)

80% 60% 40% 20% 0%

JANUARY 20, 2022 WEEKLY REPORT

NEWPORT BEACH & COMPANY

COVID-19 ECONOMIC RECOVERY DASHBOARD

RESTAURANT & AIRPORT METRICS CALIFORNIA & LA DAILY SEATED DINERS FROM ONLINE, PHONE OR WALK-IN 12 /2 12 3/2 /2 1 12 4/2 /2 1 12 5/2 /2 1 12 6/2 /2 1 12 7/2 /2 1 12 8/2 /2 1 12 9/2 /3 1 12 0/2 /3 1 1/ 1/2 1/ 1 2 1/ 2 2/ 1/ 22 3/ 1/ 22 4/ 1/ 22 5/ 1/ 22 6/ 1/ 22 7/ 2 1/ 2 8/ 1/ 22 9/ 1/ 22 10 1/ /22 11 / 1/ 22 12 / 1/ 22 13 / 1/ 22 14 / 1/ 22 15 / 1/ 22 16 / 1/ 22 17 / 1/ 22 18 / 1/ 22 19 /2 2

% CHANGE IN WEEKLY SEATED DINERS

(YEAR-OVER-YEAR PERCENT CHANGE 2022 vs. 2021)

45 25 5 -15 -35 -55 -75 CALIFORNIA RESTAURANTS

LOS ANGELES RESTAURANTS

% OF CALIFORNIA & LA RESTAURANTS OPEN FOR RESERVATIONS BY WEEK PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK

95% 85% 75%

90%

85%

82%

79%

85%

82%

65%

77%

78%

75%

75%

DEC 29

JAN 5

88% 91%

85%

66%

55% 45% 35%

DEC 8

DEC 15

DEC 22 CALIFORNIA

JAN 12

JAN 19

LOS ANGELES

ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2021, 2020 & 2019)

923,403 899,186 942,680 918,810 945,962 942,385

MONTHLY PASSENGER TRAFFIC

1,000,000 900,000 800,000 700,000 600,000

819,358 789,523

730,144 890,185

806,386

585,735

764,506

400,000 195,290

227,402

200,000

831,522 783,737

827,140

891,492

873,422

495,592 385,396

500,000 300,000

859,174 897,873

337,981

100,000

181,486

274,813 239,120 266,986

307,865 277,020

231,033

25,313 82,342

JAN

FEB

MAR

APR

MAY 2021

JUN 2020

JUL AUG 2019

SOURCE: OPENTABLE AND SNA/JWA AIRPORT : MONTHLY DATA THROUGH OCTOBER 2021

SEP

OCT

NOV

DEC

JANUARY 20, 2022 WEEKLY REPORT

NEWPORT BEACH & COMPANY

COVID-19 ECONOMIC RECOVERY DASHBOARD

UNEMPLOYMENT & AUTOMOBILE METRICS

2020-2021 ORANGE COUNTY UNEMPLOYMENT RATE BY MONTH PERCENTAGE RATE (%)

(CALIFORNIA vs. ORANGE COUNTY)

9.3% 9.0% 8.5% 8.3% 8.0% 7.7% 7.6% 7.6% 7.5% 7.5% 7.3% 7.4% 6.9% 7.3% 6.5% 6.7% 6.4% 6.2% 6.3% 5.8% 6.0% 5.0% 4.7% 4.1%

10.0% 8.0% 6.0% 4.0% 2.0% 0.0%

DEC 2020

JAN 2021

FEB 2021

MAR 2021

APR 2021

MAY 2021

CALIFORNIA

JUN 2021

JUL 2021

AUG 2021

SEP 2021

OCT 2021

NOV 2021

ORANGE COUNTY

2020-2021 ORANGE COUNTY MONTHLY NUMBER OF LEISURE & HOSPITALITY EMPLOYEES PERCENT CHANGE YOY PERCENT CHANGE (%)

(CALIFORNIA vs. ORANGE COUNTY)

DEC 2020 80.0% 60.0% 40.0% 20.0% 0.0% -20.0% -40.0% -60.0%

JAN 2021

FEB 2021

MAR 2021

APR 2021

MAY 2021

JUN 2021

JUL 2021

AUG 2021

SEP 2021

OCT 2021

NOV 2021

62.6% 38.0% 37.5% 47.8% 46.5% 39.1% 44.1% 28.8% 37.0% 27.3% 27.7% 25.1% 24.8% 20.2% 22.2% 20.2%

-34.0% -29.1% -33.9% -32.3% -35.4% -38.8% -38.6% -41.6% CALIFORNIA

ORANGE COUNTY

SOURCE: U.S. BUREAU OF LABOR STATISTICS : MONTHLY DATA THROUGH NOVEMBER

U.S. AUTOMOBILE SALES BY MONTH

# OF AUTOMOBILES SOLD (MILLIONS)

(DECEMBER 2020 – DECEMBER 2021 vs. PRIOR YEAR) 2.0 1.5

1.5 1.5 1.2

1.2

1.3

1.4

1.5

1.5

1.5 1.1

0.9

1.0

1.3 1.2

1.2 1.3

1.1

1.4

1.3 1.1

1.5

1.3

1.2

1.0

0.9

1.0

OCT

NOV

DEC

0.5

0.5 0.0 DEC

JAN

FEB

MAR

APR

MAY 2021

JUN

JUL

AUG

SEP

2020

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