Newport Beach & Company's Weekly Insight April 19, 2024

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APRIL 19, 2024

Hotel & Short-Term Rentals WEEKLY INSIGHTS
63.1% OCCUPANCY RATE -4.6% OCCUPANCY RATE CHANGE $312 AVERAGE DAILY RATE 3,285 # ROOMS OPEN FOR BOOKING HOTELS SHORT-TERM RENTALS WEEKLY INSIGHTS | HOTEL & SHORT-TERM RENTALS SOURCE: STR, KEY DATA DASHBOARD 29.3% OCCUPANCY RATE -18.2% OCCUPANCY RATE CHANGE $469 AVERAGE DAILY RATE
APRIL 7 – 13, 2024
Executive Summary

Hotel Performance: Occupancy

WEEKLY INSIGHTS | HOTEL PERFORMANCE SOURCE: STR
WEEKLY OCCUPANCY (%) OCCUPANCY BY DAY OF THE WEEK (%) APRIL 7 - 13, 2024 65% 64% 75% 70% 60% 62% 59% 66% 61% 67% 67% 78% 71% 59% 56% 63% FEB 24 MAR 2 MAR 9 MAR 16 MAR 23 MAR 30 APR 6 APR 13 2023 2024 41% 61% 68% 72% 70% 65% 64% SUN MON TUE WED THU FRI SAT
WEEKLY INSIGHTS | HOTEL PERFORMANCE SOURCE: STR
WEEKLY ADR ($) ADR BY DAY OF THE WEEK ($) $311 $300 $329 $341 $319 $320 $325 $324 $296 $321 $315 $358 $322 $325 $315 $312 FEB 24 MAR 2 MAR 9 MAR 16 MAR 23 MAR 30 APR 6 APR 13 2023 2024 $302 $304 $313 $312 $310 $328 $313 SUN MON TUE WED THU FRI SAT APRIL 7 - 13, 2024
Hotel Performance: Average Daily Rate (ADR)

Short-Term Rental Performance: Occupancy

WEEKLY INSIGHTS | SHORT-TERM RENTAL PERFORMANCE SOURCE: KEY DATA DASHBOARD
WEEKLY OCCUPANCY (%) OCCUPANCY BY DAY OF THE WEEK (%) 39% 29% 39% 51% 39% 39% 47% 36% 34% 26% 32% 50% 39% 44% 46% 29% FEB 24 MAR 2 MAR 9 MAR 16 MAR 23 MAR 30 APR 6 APR 13 2023 2024 25% 23% 25% 26% 31% 38% 37% SUN MON TUE WED THU FRI SAT APRIL 7 - 13, 2024
WEEKLY INSIGHTS | SHORT-TERM RENTAL PERFORMANCE SOURCE: KEY DATA DASHBOARD
WEEKLY ADR ($) ADR BY DAY OF THE WEEK ($) $411 $408 $466 $496 $478 $477 $515 $476 $436 $424 $483 $515 $498 $523 $530 $469 FEB 24 MAR 2 MAR 9 MAR 16 MAR 23 MAR 30 APR 6 APR 13 2023 2024 $471 $478 $475 $468 $464 $467 $460 SUN MON TUE WED THU FRI SAT APRIL 7 - 13, 2024
Short-Term Rental Performance: Average Daily Rate (ADR)

Visitation Metrics

APRIL 7 - 13, 2024

OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS

Las Vegas NV

Phoenix AZ

Palm Springs CA

Salt Lake City UT

Sacramento-Stockton-Modesto CA

Denver CO

Fresno-Visalia CA

27.2% 8.6% 8.6% 6.7% 6.4% 4.1% 3.3% 3.2% 2.5%2.0% Los
San
Angeles CA
Diego CA San Francisco-Oakland-San Jose CA
ZARTICO
WEEKLY INSIGHTS | GEOLOCATION DATA SOURCE:
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