Consumer Financial StrainIncreasing evidence of financially stretched consumers, coupled with higher labor costs, could weigh on earnings power over the near term.
Portfolio PerformanceThe company could see relative underperformance in the group demand segment as portfolio-wide pace is flat for 2026, versus peers pacing up mid-to-high-single digits.
Valuation ChallengesAn increasingly tepid RevPAR environment, potential for continued pullback in consumer travel, and challenging transaction environment are likely to weigh on valuation.