Track how companies discuss tariffs and trade policies in their earnings calls, and understand their impact across different industries and regions.
The tariff impacts are creating both short- and long-term dislocations in markets.
Given federal deficits, a weakening dollar and our country's trade policies, I expect the trend is towards higher inflation and a steeper yield curve.
we will need to manage that against the backdrop of executive orders, agency rulemakings, tariffs and trade actions.
During the quarter, our team aggressively mobilized to take the actions to navigate the policy environment and minimize the impact of tariffs for 2025 and beyond.
The impact from tariffs in the third quarter was approximately 1.5% of sales with minimal earnings impact.
We're monitoring very closely the impact of tariffs... but we're really getting down into the data to understand what it could mean.
I think as a result, what you're going to see is pretty decent, we think, leisure growth, but comparable business transient growth and then group sort of leading the way.
We're monitoring the environment closely, as macroeconomic and geopolitical uncertainty trend tends to disproportionately affect this aspect of issuance.
there was clearly some pull forward of demand related to the tariffs and all the uncertainty around that.
Based on the current schedule of expected tariffs, we now anticipate a full year headwind of approximately $100 million.