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

研报英文原文证据摘录

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

Deutsche Bank

Research

North America Industry Date

United States 3 July 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

recent trends and market implications. For this edition, we cover: 1) our charts of the

week on World Cup RevPAR trends, select service RevPAR comparisons, and

implied World Cup handle from New York data, 2) weekly / 2Q26 to date RevPAR

trends and our updated estimates for where 2Q26 Lodging C-Corps domestic

RevPAR is tracking, 3) May sports-betting data, tracking operator OSB GGR for the

2Q26 to date, and NY / WV weekly June datapoints, 4) May iCasino data and

tracking operator iCasino GGR for the 2Q26 to date, 5) May Brick & Mortar data and

tracking the casino GGR versus our estimates, 6) May Las Vegas results, and 7) June

Macau GGR and our updated Macau forecasts. Plus more.

Portfolio Managers Summary:

RevPAR: U.S. RevPAR continues to be strong overall, led by Luxury RevPAR,

improving select service chain scales, and demand from the World Cup. Last week,

U.S. hotel RevPAR was up 9.6% Y/Y. Rates were up 9.2% Y/Y and occupancy was

up ~40 bps Y/Y. Transient RevPAR was up 14.6% (occupancy +1.0%), while Group

RevPAR was up 10.2% (occupancy -1.8%). For the 2Q26 to date, on a year over year

basis, we estimate using our daily RevPAR tracker, RevPAR is up 6.2% for the U.S.

Industry, +10.6% for Luxury, +5.8% for Upper Upscale, +1.9% for Economy, and

+6.8% for the Top 25 Markets.