U.S. Theme Parks: Clouds & Crowds: Theme Park Weather Supportive in June

研报英文原文证据摘录

U.S. Theme Parks: Clouds & Crowds: Theme Park Weather Supportive in June

Equity Research

8 July 2026

U.S. Theme Parks

Clouds & Crowds: Theme Park

Weather Supportive in June

June weather positive for FUN, attendance likely solid for 2Q U.S. Gaming, Leisure & Lodging

(same-store); weather for PRKS was more mixed. July 4th POSITIVE

heat-wave likely weighs on 3QTD read. U.S. Gaming, Leisure & Lodging

Brandt Montour, CFA

+1 212 526 9947

June weather was favorable for FUN against an easy weather comp last year, while PRKS brandt.montour@barclays.com

weather appeared broadly neutral y/y. For FUN, the improvement was led by continued BCI, US

strength in SoCal and the Midwest, partially offset by pockets of less favorable weather in Texas. William Wei

This weather correlated with strong 3P visitation data, and collectively/conservatively points +1 212 526 7591

to June attendance growth in the HSD (against really poor June weather last year) and 2Q yangjing.wei@barclays.com

attendance growth overall in the MSD+ y/y (same-store), as compared to our +4-5% pro BCI, US

forma estimate. However, the weather during the July 4th long weekend was less favorable, Elizabeth Heffern

mainly driven by extreme heat across much of the Eastern and Midwestern U.S. and heavy +1 212 526 3592

rainfall in the Northeast and Mid-Atlantic toward the end of the long weekend, likely weighing elizabeth.heffern@barclays.com

on FUN's 3QTD attendance read when it reports. BCI, US

Kristi Martiko, CFA

Looking back at May, Placer.ai same-store visitation for FUN, excluding sold parks, was flat to up

+1 212 526 7672

slightly (before adding back Placer's negative bias), with softer visitation over Memorial Day kristi.martiko@barclays.com

weekend offset by stronger visitation in the final week of the month.