Gaming & Lodging: Weekly Gaming & Lodging Data Recap in One Place

Research evidence excerpt

Gaming & Lodging: Weekly Gaming & Lodging Data Recap in One Place

Deutsche Bank

Research

North America Industry Date

United States 19 June 2026

Gaming & Lodging

Consumer Industry Update

Weekly Gaming & Lodging Data Recap

in One Place

Steven Pizzella, CFA

Weekly Gaming & Lodging Data Recap Research Analyst

In this note, we aim to provide a summary of the most recent Gaming & Lodging +1-212-250-9817

data and implications for our covered companies, plus some one-off analysis of the

recent trends and market implications. For this edition, we cover: 1) weekly / 2Q26

to date RevPAR trends, our estimates for where 2Q26 Lodging C-Corps domestic

RevPAR is tracking, and an early look at the World Cup impact to RevPAR, 2) May

sports betting data and tracking operator OSB GGR for the 2Q26 to date, 3) May

iCasino data and tracking operator iCasino GGR for the 2Q26 to date, and 4) May

Brick & Mortar data and tracking the casino GGR versus our estimates. Plus more.

Portfolio Managers Summary:

RevPAR: U.S. RevPAR continues to be strong overall, despite elevated gas prices

and geopolitical risks, led by Luxury RevPAR and improving select service chain

scales. Last week, U.S. hotel RevPAR was up 7.0% Y/Y. Rates were up 4.9% Y/Y and

occupancy was up 1.9% Y/Y. Transient RevPAR was up 8.4% (occupancy +70 bps),

while Group RevPAR was up 7.3% (occupancy +2.6%). For the 2Q26 to date, on a

year over year basis, we estimate using our daily RevPAR tracker, RevPAR is up 5.2%

for the U.S. Industry, +8.8% for Luxury, +4.3% for Upper Upscale, +1.6% for

Economy, and +5.1% for the Top 25 Markets. By operator, we estimate Lodging

C-Corps 2Q26 system-wide RevPAR is tracking as follows:

n HLT: +2.9% (+2.8% last week) vs. Consensus +2.4%

n MAR: +2.8% (+2.8% last week) vs. Consensus +2.2%