Newport Beach & Company's Weekly Insight: March 22, 2024

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WEEKLY INSIGHTS

Hotel & Short-Term Rentals

MARCH 22, 2024

78.3%

Executive Summary

3,285 # ROOMS OPEN FOR BOOKING

50.3%

OCCUPANCY RATE +12.4% OCCUPANCY RATE CHANGE $358
AVERAGE DAILY RATE
HOTELS
WEEKLY INSIGHTS | HOTEL & SHORT-TERM RENTALS SOURCE: STR, KEY DATA DASHBOARD
SHORT-TERM RENTALS
OCCUPANCY
-1.4% OCCUPANCY RATE CHANGE $515
RATE
AVERAGE DAILY RATE
MARCH 10 - 16, 2024

Hotel Performance: Occupancy

WEEKLY INSIGHTS | HOTEL PERFORMANCE SOURCE: STR
WEEKLY OCCUPANCY (%) OCCUPANCY BY DAY OF THE WEEK (%) MARCH 10 - 16, 2024 65% 68% 67% 65% 65% 64% 75% 70% 60% 60% 60% 62% 61% 67% 67% 78% JAN 27 FEB 3 FEB 10 FEB 17 FEB 24 MAR 2 MAR 9 MAR 16 2023 2024 52% 73% 90% 96% 87% 76% 74% SUN MON TUE WED THU FRI SAT
WEEKLY INSIGHTS | HOTEL PERFORMANCE SOURCE: STR
WEEKLY ADR ($) ADR BY DAY OF THE WEEK ($) MARCH 10 - 16, 2024 $309 $297 $310 $312 $311 $300 $329 $341 $305 $299 $311 $321 $296 $321 $315 $358 JAN 27 FEB 3 FEB 10 FEB 17 FEB 24 MAR 2 MAR 9 MAR 16 2023 2024 $326 $350 $369 $383 $362 $358 $339 SUN MON TUE WED THU FRI SAT
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 (%) MARCH 10 - 16, 2024 26% 28% 29% 36% 39% 29% 39% 51% 27% 24% 26% 32% 34% 26% 32% 50% JAN 27 FEB 3 FEB 10 FEB 17 FEB 24 MAR 2 MAR 9 MAR 16 2023 2024 46% 50% 53% 54% 55% 51% 45% SUN MON TUE WED THU FRI SAT

Short-Term Rental Performance:

Average Daily Rate (ADR)

WEEKLY INSIGHTS | SHORT-TERM RENTAL PERFORMANCE SOURCE: KEY DATA DASHBOARD
WEEKLY ADR ($) ADR BY DAY OF THE WEEK ($) MARCH 10 - 16, 2024 $371 $375 $380 $400 $411 $408 $466 $496 $373 $380 $388 $415 $436 $424 $483 $515 JAN 27 FEB 3 FEB 10 FEB 17 FEB 24 MAR 2 MAR 9 MAR 16 2023 2024 $519 $512 $517 $520 $521 $514 $499 SUN MON TUE WED THU FRI SAT

Visitation Metrics

MARCH 10 - 16, 2024

OVERNIGHT VISITATION FROM TOP 10 ORIGIN MARKETS

Los Angeles CA

Phoenix AZ

San Diego CA

Las Vegas NV

San Francisco-Oakland-San Jose CA

Sacramento-Stockton-Modesto CA

Salt Lake City UT

Palm Springs CA

Denver CO

New York NY

19.0% 9.3% 7.6% 5.4% 5.1% 4.2% 3.8% 2.8% 2.6% 2.3%
WEEKLY INSIGHTS | GEOLOCATION DATA SOURCE: ZARTICO
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