NEWPORT BEACH COVID-19 ECONOMIC RECOVERY DASHBOARD: June 9, 2022

JUNE 9, 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

ORANGE COUNTY MONTHLY UNEMPLOYMENT RATE

(MAY 29 – JUNE 4, 2022)

(APRIL 2022)

OPEN HOTELS (ONLY OPEN HOTELS)

58.2%

2.7%

(MAY 29 – JUNE 4, 2022)

(APRIL 2022)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE

ORANGE COUNTY MONTHLY # OF HOSPITALITY & TOURISM EMPLOYEES % CHANGE

ALL HOTELS (OPEN & CLOSED HOTELS)

55.0%

+31.7%

(MAY 29 – JUNE 4, 2022)

NEWPORT BEACH HOTELS WEEKLY OCCUPANCY RATE % CHANGE OPEN HOTELS

+2.3%

(APRIL 2022 vs. APRIL 2021)

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

(MAY 29 – JUNE 4, 2022) 2022 vs. 2021

ORANGE COUNTY/JOHN WAYNE AIRPORT

NEWPORT BEACH HOTELS WEEKLY AVERAGE RATE

$366.94

MONTHLY # OF NOTE: COMPARING LASTPASSENGERS GOOD YEAR (2019) WITH CURRENT YEAR (2021) APR 2021 APR 2022

495,592

(MAY 29 – JUNE 4, 2022)

958,826

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

CLOSED HOTELS:

PENDRY NEWPORT BEACH

# OF HOTEL ROOMS OPEN FOR BOOKING:

3,056 # OF HOTEL ROOMS CLOSED:

295

CALIFORNIA & LA RESTAURANTS (WEEK OF JUNE 2 -8, 2022)

YOY % CHANGE IN # OF DINERS CALIFORNIA LOS ANGELES

-7.32% U.S. TOTAL AUTOMOBILE SALES (APRIL 2021 vs. APRIL 2022)

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

1,493,938

643,491

-21.10%

(WEEK OF JUNE 2 - 8, 2022) 2021 vs. 2020

% OF RESTAURANTS OPEN CALIFORNIA LOS ANGELES

91%

(WEEK OF JUNE 2 - 8, 2022)

87%

JUNE 9, 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

66.7 %

64.0 %

62.3 %

59.1 %

54.3 %

19-MAR

26-MAR

60.8 %

65.3 % 60.2 %

53.3 %

42.6 %

38.2 %

61.7 %

2-APR

9-APR

61.0 %

65.2 % 58.4 %

55.1 %

55.0 %

21-MAY

28-MAY

58.2 % 56.9 %

50.2 % 45.3 %

42.7 %

44.5 %

16-APR

23-APR 30-APR 7-MAY 14-MAY THIS YEAR LAST YEAR

44.4 %

4-JUN

NEWPORT BEACH HOTELS DAILY OCCUPANCY RATE BY DAY OF WEEK (WEEKS OF MAY 8 – JUNE 4, 2022)

DAILY OCCUPANCY RATE (%)

90.0% 80.0% 70.0%

55.0%

60.0% 50.0% 40.0%

69.7% 69.4% 74.4% 68.5% 67.6% 61.4%

67.3% 72.0% 65.2% 66.4% 63.4%

45.4%

37.8%

79.6% 61.5% 55.5% 62.4% 55.5% 46.7% 47.4%

72.1% 68.2% 54.4% 53.1% 45.9% 42.2%

71.4%

30.0% 20.0% 10.0% 0.0% MAY 8-14, 2022

MAY 15-21, 2022 SUN

MON

TUE

MAY 22-28, 2022 WED

THU

FRI

MAY. 29 - JUN 4, 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%

69.1%

20.0%

63.60% 52.7%

60.0% 40.0%

79.8% 62.5%

52.6%

62.6%

71.6%

47.7% 29.6%

30.0%

0.0% JAN

58.1%

59.8%

44.2%

43.9%

45.2%

53.4%

51.1%

38.5%

37.5%

22.7%

61.7%

FEB

MAR

27.6% 13.5% APR 2022

SOURCE: JUNE 9, 2022, STR.COM: MONTHLY DATA THROUGH APRIL 2022

MAY

37.3%

JUN 2021

38.2%

JUL 2020

AUG

SEP

34.3% OCT

NOV

25.0% DEC

JUNE 9, 2022 WEEKLY REPORT

NEWPORT BEACH & COMPANY

COVID-19 ECONOMIC RECOVERY DASHBOARD

HOTEL PERFORMANCE

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

(WEEKS OF MARCH 19, 2021 – JUNE 4, 2022)

400

$369.30

380

$366.94

360

$333.92

$315.15

340

$339.28

$329.60

$306.73

320 300

$307.90

280 260

$274.78

240

$318.76

$331.17

$326.39

$343.88

$316.96

$288.79

$287.13

$290.00

$296.71

$284.94

$276.42

$280.88

14-MAY

21-MAY

$267.72

19-MAR 26-MAR

$340.40

2-APR

9-APR

16-APR

23-APR

30-APR

THIS YEAR

7-MAY

28-MAY

$303.06

4-JUN

LAST YEAR

NEWPORT BEACH HOTELS AVERAGE DAILY HOTEL RATE (MAY 8 – JUNE 4, 2022) [

AVERAGE DAILY RATE ($)

$500 $400 $300

$348 $315 $304 $322 $308 $293

$369

$378 $392 $326 $356 $306 $299 $310 $314 $316

$292

$301

$304

$390

$436

$410

$397 $389 $329 $330 $331 $340

$200 $100

5/ 8/ 22 5/ 9/ 2 5/ 2 10 /2 5/ 2 11 /2 5/ 2 12 /2 5/ 2 13 /2 5/ 2 14 /2 5/ 2 15 /2 5/ 2 16 /2 5/ 2 17 /2 5/ 2 18 /2 5/ 2 19 /2 5/ 2 20 /2 5/ 2 21 /2 5/ 2 22 /2 5/ 2 23 /2 5/ 2 24 /2 5/ 2 25 /2 5/ 2 26 /2 5/ 2 27 /2 5/ 2 28 /2 5/ 2 29 /2 5/ 2 30 /2 5/ 2 31 /2 2 6/ 1/ 22 6/ 2/ 22 6/ 3/ 22 6/ 4/ 22

$0

NEWPORT BEACH HOTELS COMPETITIVE SET OF CITIES FOR FEBRUARY 2022 $800 $700 $600 $500 $400 $300 $200 $100 $0

62% 76%

80% 66%

63%

72%

79%

80%

75%

78%

83%

$332

$267

$198

$390

$171

$285

$335

$714

$310

$221

$418

NEWPORT BEA CH

HUNTINGTON BEA CH

SA N DIEGO

DA NA POINT

IRVINE

LA JOLLA

SA NTA BARBARA

BEVERLY HILLS

PALM SPRINGS

ANAHEIM

SA NTA MONICA

AVERAGE DAILY RATE ($) SOURCE: JUNE 9, 2022, STR.COM: MONTHLY DATA THROUGH APRIL 2022

OCCUPANCY RATE (%)

OCCUPANCY RATE (%)

MONTHLY AVERAGE HOTEL RATE ($)

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

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

JUNE 9, 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 5/ 15 /2 5/ 2 16 /2 5/ 2 17 /2 5/ 2 18 /2 5/ 2 19 /2 5/ 2 20 /2 5/ 2 21 /2 5/ 2 22 /2 5/ 2 23 /2 5/ 2 24 /2 5/ 2 25 /2 5/ 2 26 /2 5/ 2 27 /2 5/ 2 28 /2 5/ 2 29 /2 5/ 2 30 /2 5/ 2 31 /2 6/ 2 1/ 22 6/ 2/ 22 6/ 3/ 22 6/ 4/ 22 6/ 5/ 22 6/ 6/ 22 6/ 7/ 22 6/ 8/ 22

% 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 105%

95%

92%

PERCENT (%) OF RESTAURANTS OPEN FOR RESERVATIONS PER WEEK

95% 85% 75%

88%

89%

APR 27

MAY 4

91%

88% 85%

87%

MAY 11

MAY 18

91%

87%

86% 84%

83%

MAY 25

JUN 1

87%

65% 55% 45% 35% CALI FORNI A

JUN 8

LOS ANGELES

ORANGE COUNTY/JOHN WAYNE AIRPORT (SNA) MONTHLY PASSENGER TRAFFIC (2022, 2021 & 2020)

MONTHLY PASSENGER TRAFFIC

1,200,000 1,000,000

916,767 806,386

800,000

717,400

400,000

890,185 730,144

764,506 495,592

600,000

227,402

JAN

FEB

783,737

873,422

854,393

847,671

385,396

337,981 195,290

831,522

585,735

360,402

200,000 -

958,826

MAR

25,313 APR

82,342

MAY 2022

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

181,486

JUN 2021

239,120

JUL

266,986

AUG 2020

274,813

SEP

307,865

OCT

277,020

NOV

231,033

DEC

JUNE 9, 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%

8.3% 8.0% 7.7% 6.4% 6.2%

MAR 2021

APR 2021

5.8%

7.6% 7.6% 6.5%

MAY 2021

JUN 2021

7.0% 6.4% 6.1% 5.8% 5.8% 6.3% 6.0% 5.0% 4.7% 4.1%

JUL 2021

AUG 2021

SEP 2021

CALIFORNIA

OCT 2021

NOV 2021

5.7% 3.7%

DEC 2021

5.3% 4.9% 4.6% 4.2% 3.7% 3.1% 2.7%

JAN 2022

FEB 2022

MAR 2022

APR 2022

ORANGE COUNTY

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

(CALIFORNIA vs. ORANGE COUNTY)

APR 2021 70.0% 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0%

MAY 2021

JUN 2021

JUL 2021

AUG 2021

SEP 2021

OCT 2021

NOV 2021

DEC 2021

JAN 2022

62.6% 38.0%

59.2% 39.1%

37.5%

27.3%

46.5%

47.8%

35.6% 20.2%

24.8%

38.8% 30.4%

CALIFORNIA

38.7% 43.5% 23.4% 33.4%

FEB 2022

MAR 2022

45.6% 32.2%

41.1% 28.4%

30.5% 24.6% 22.8%

APR 2022

31.7% 21.4%

ORANGE CO UNTY

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

U.S. AUTOMOBILE SALES BY MONTH

# OF AUTOMOBILES SOLD (MILLIONS)

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

1.3 1.2

1.1

1.3

1.3 1.1

1

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

1.5

1.2 0.6

0.5

0.4

0 JUN

JUL

AUG

SEP

OCT

NOV 2022

DEC 2021

JAN

FEB

2020

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