Regardless of the outcome, the sun will still rise tomorrow/Autos the new pressure point in manufacturing

Well, we made it to November 5th, barely, but we did. And regardless of who wins, the sun will still rise tomorrow, and life, commerce, markets, etc... will continue on whether we like it or not. For those not happy with the result, we'll at least be one day closer to 2028. 

With a bunch more earnings results to go through, here are some. 

From Marriott:

Group revenue continues to lead the growth "Given our industry leading distribution of convention hotels at nearly double the number of rooms of the next closest peer...Group revenues for 2025 were pacing up 7% at the end of the quarter, on a 3% increase in room nights and a 4% increase in average daily rate."

The business transient business "experienced another quarter of growth, with 3rd quarter RevPAR rising 2%. Leisure transient RevPAR was flat to the year ago quarter, while still well above 2019 levels." Hyatt too last week talked about slowing leisure travel. 

Here is what they said on how the election influenced their business. "The election impact on US and Canada RevPAR is forecasted to be around negative 300 bps in November, and negative 100 bps for the quarter, double that of past election cycles, as we have meaningfully lower transient and group room nights on the books for both this week and next."

Internationally, China was where the weakness was "as macroeconomic pressures led to weak domestic leisure demand and restricted pricing power. Severe weather and higher end guests traveling to other regions also impacted the area."

Providing value to customers is not just a winning strategy in the US, it is in China too. From Yum China, "KFC system sales increased 6% y/o/y. Same store sales were at 98% of prior year levels with 1% same store transaction growth. Our strategy to widen the price range and capture lower ticket average delivery orders are yielding results. Entry price combos have driven incremental traffic and delivery sales continue to growth double digits." Also, "Smaller ticket items like coffee and breakfast continue to outperform."