NEWPORT BEACH COVID-19 ECONOMIC RECOVERY DASHBOARD: May 13, 2022

MAY 13, 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

(MAY 1-7, 2022)

(MARCH 2022)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

(MAY 1-7, 2022)

60.2%

ALL HOTELS (OPEN & CLOSED HOTELS)

56.9%

(MARCH 2022)

4.9%

+28.4%

(MAY 1-7, 2022)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

+32.8%

JOHN WAYNE AIRPORT (SNA) (MARCH 2022 vs. MARCH 2021)

(MAY 1-7, 2022) 2022 vs. 2021

ORANGE COUNTY/JOHN WAYNE AIRPORT

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$330.95

(MAY 1-7, 2022)

MONTHLY # OF PASSENGERS NOTE: COMPARING LAST GOOD YEAR (2019) WITH CURRENT YEAR (2021) MAR 2021 MAR 2022

385,396

916,767

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

CLOSED HOTELS:

# OF HOTEL ROOMS OPEN FOR BOOKING:

PENDRY NEWPORT BEACH

# OF HOTEL ROOMS CLOSED:

3,056 295

U.S. TOTAL AUTOMOBILE SALES (APRIL 2021 vs. APRIL 2022)

U.S. MARKET AUTO SALES BY MONTH APR 2021 APR 2022

1,493,938

(MARCH 2022 vs. MARCH 2021)

643,491

CALIFORNIA & LA RESTAURANTS (WEEK OF MAY 5 - 11, 2022)

YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

0.99%

-8.46%

(WEEK OF MAY 5 - 11, 2022) 2021 vs. 2020

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

92%

88%

(WEEK OF MAY 1 - 7, 2022)

MAY 13, 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)

75 70 65 60 55 50 45 40 35 30 25

68.3% 54.7%

56.6%

66.7%

64.0%

62.3%

59.2%

56.5%

54.3%

33.2%

30.9%

30.8%

33.9%

38.22%

61.7%

60.8%

42.8%

44.5%

65.3% 60.2%

53.3%

42.6%

19-FEB 26-FEB 5-MAR 12-MAR 19-MAR 26-MAR 2-APR 9-APR THIS YEAR LAST YEAR

44.4%

45.3%

16-APR 23-APR 30-APR 7-MAY

NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF APRIL 10 – MAY 7, 2022)

DAILY OCCUPANCY RATE (%)

90.0%

71.0% 70.1% 65.3% 70.0% 61.3%

59.6% 68.6% 66.1% 60.5% 66.1% 60.4%

80.0% 70.0%

60.0% 50.4%

50.1%

49.2%

50.0%

70.0% 67.8% 73.3% 67.3% 66.3% 62.5%

64.1% 64.8% 63.9% 63.5% 59.9% 55.7% 49.3%

38.6%

40.0% 30.0% 20.0% 10.0% 0.0% APR 10-16, 2022

APR 17-23, 2022 SUN

MON

TUE

APR 24-30, 2022 WED

THU

FRI

MAY 1-7, 2022

SAT

NEWPORT BEACH HOTELS AVERAGE MONTHLY OCCUPANCY RATE (YEAR-OVER-YEAR COMPARISON FOR 2022, 2021 & 2020)

MONTHLY AVERAGE DAILY RATE ($)

100.0% 80.0% 60.0% 40.0% 20.0%

69.1%

79.8% 52.7%

38.5%

37.5%

22.7%

63.60%

29.6%

30.0%

0.0% JAN

FEB

47.7%

MAR

52.6%

27.6% 13.5% APR 2022

MAY

62.6%

37.3%

JUN 2021

SOURCE: MAY 13, 2022, STR.COM: MONTHLY DATA THROUGH MARCH 2022

71.6%

38.2%

JUL 2020

61.7%

58.1%

59.8%

44.2%

43.9%

45.2%

AUG

SEP

OCT

53.4%

34.3% NOV

51.1%

25.0% DEC

MAY 13, 2022 WEEKLY REPORT

NEWPORT BEACH & COMPANY

COVID-19 ECONOMIC RECOVERY DASHBOARD

HOTEL PERFORMANCE

NEWPORT BEACH HOTELS AVERAGE WEEKLY RATE AVERAGE WEEKLY RATE ($)

(WEEKS OF FEBRUARY 19, 2021 – MAY 7, 2022)

395

$369.30

375 355

$334.10

$309.93 $313.70 $312.46

335 315

$315.15

295

$333.92 $339.28 $329.60 $306.73

$307.90

275 255

$274.37 $268.24 $274.78 $265.65 $263.03

235

$318.76

$330.95

$316.96 $287.13 $290.00

$288.79

$284.94 $267.72

19-FEB 26-FEB 5-MAR 12-MAR 19-MAR 26-MAR 2-APR THIS YEAR

9-APR 16-APR 23-APR 30-APR 7-MAY

LAST YEAR

NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (APRIL 10 – MAY 7, 2022)

2

4/

15

/2

14

4/

/ 4/ 22 16 / 4/ 22 17 / 4/ 22 18 / 4/ 22 19 / 4/ 22 20 / 4/ 22 21 / 4/ 22 22 / 4/ 22 23 / 4/ 22 24 / 4/ 22 25 / 4/ 22 26 / 4/ 22 27 / 4/ 22 28 / 4/ 22 29 / 4/ 22 30 /2 5/ 2 1/ 2 5/ 2 2/ 2 5/ 2 3/ 2 5/ 2 4/ 2 5/ 2 5/ 2 5/ 2 6/ 2 5/ 2 7/ 22

2

2

/2

4/

13

2

4/

12

/2

/2

11

10

4/

4/

/2

2

AVERAGE DAILY RATE ($)

[

$357 $354 $341 $370 $400 $348 $335 $351 $341 $347 $326 $335 $334 $330 $326 $300 $324 $319 $317 $314 $314$307$319 $350 $325 $323 $318 $296$310 $305 $300 $250 $200 $150 $100 $50 $0

NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR FEBRUARY 2022 $800

64%

$600

73%

77%

$247

$190

63%

73%

77%

76%

$172

$266

$289

68%

77%

75%

$263

$224

82%

AVERAGE DAILY RATE ($)

SOURCE: MAY 13, 2022, STR.COM: MONTHLY DATA THROUGH MARCH 2022

N IC A

$389

N TA

M O

H EI M SA

P

A LM

SP

R

H YL Y ER EV B

OCCUPANCY RATE (%)

A N A

IN G S

IL L

RA

S

$703

BA A R B

SA

N TA

IN E V

JO LL LA

A D A N

IR

PO IN T

O D IE G N

TI N G H U N

EA C H B T O R

$404

N E

W P

TO N …

$325

$0

SA

$200

A

$400

OCCUPANCY RATE (%)

MONTHLY AVERAGE HOTEL RATE ($)

(AVERAGE MONTHLY HOTEL RATE & MONTHLY OCCUPANCY RATE FOR MARCH 2022)

100% 80% 60% 40% 20% 0%

MAY 13, 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 4/ 17 / 4/ 22 18 / 4/ 22 19 / 4/ 22 20 / 4/ 22 21 / 4/ 22 22 / 4/ 22 23 / 4/ 22 24 / 4/ 22 25 / 4/ 22 26 / 4/ 22 27 / 4/ 22 28 / 4/ 22 29 / 4/ 22 30 / 5/ 22 1/ 2 5/ 2 2/ 2 5/ 2 3/ 2 5/ 2 4/ 2 5/ 2 5/ 2 5/ 2 6/ 2 5/ 2 7/ 2 5/ 2 8/ 2 5/ 2 9/ 2 5/ 2 10 / 5/ 22 11 /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

115% 95% 75%

93%

93%

91%

92%

95%

92%

92%

89%

90%

87%

87%

88%

89%

88%

MAR 30

APR 6

APR 13

APR 20

APR 27

MAY 4

MAY 11

55% 35%

CALIFORNIA

LOS ANGELES

ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC

MONTHLY PASSENGER TRAFFIC

(2022, 2021 & 2020)

1,000,000 900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 -

916,767

890,185

806,386

730,144

764,506 717,400

495,592

831,522

783,737

873,422 854,393 847,671

585,735

385,396 360,402

181,486

337,981 25,313

195,290 227,402 JAN

FEB

MAR

APR

239,120

266,986 274,813

307,865

277,020 231,033

82,342

MAY 2022

JUN 2021

JUL AUG 2020

SOURCE: OPENTABLE AND SNA/JWA AIRPORT : MONTHLY DATA THROUG MARCH 2022

SEP

OCT

NOV

DEC

MAY 13, 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)

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

8.5%

8.3% 8.0% 7.7% 7.6% 7.6% 7.0% 6.5% 5.3% 6.4% 6.7% 6.4% 6.1% 6.2% 5.8% 5.8% 5.7% 6.3% 6.0% 5.8% 5.0% 4.7% 4.1% 4.2% 3.7% 4.9% 3.7% 3.1%

FEB 2021

MAR 2021

APR 2021

MAY 2021

JUN 2021

JUL 2021

AUG 2021

CALIFORNIA

SEP 2021

OCT 2021

NOV 2021

DEC 2021

JAN 2022

FEB 2022

MAR 2022

ORANGE COUNTY

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

(CALIFORNIA vs. ORANGE COUNTY)

MAR 2021 80.0%

APR 2021

MAY 2021

JUN 2021

JUL 2021

AUG 2021

SEP 2021

OCT 2021

NOV 2021

DEC 2021

JAN 2022

FEB 2022

MAR 2022

59.2% 62.6% 38.7% 45.6% 39.1% 46.5% 47.8% 38.8% 38.0% 37.5% 41.1% 43.5% 23.4% 35.6% 32.2% 30.5% 28.4% 30.4% 33.4% 27.3% 20.2% 24.8% 24.6% 22.8%

60.0% 40.0% 20.0% 0.0% -20.0%

-40.0% -29.1% -32.3%

CALIFORNIA

ORANGE COUNTY

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

U.S. AUTOMOBILE SALES BY MONTH

# OF AUTOMOBILES SOLD (MILLIONS)

(DECEMBER 2020 – DECEMBER 2021 vs. PRIOR YEAR) 2 1.5

1.5 1.1

1.3 1.2

1.1

1.3

1.1

1

1.3

1.4 1.0

1.5

1.3 1.0

1.0

1.2

1.0

0.5

0.5

1.3

1.2

1.5

1.5

1.2

0.5

0.5

0 MAY

JUN

JUL

AUG

SEP

OCT 2022

NOV 2021

DEC

JAN

FEB

2020

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APR