Trepp headquarters in New York

NEW YORK–The overall CMBS delinquency rate has been on a steady decline for several months  — and it is expected this will continue — but individual asset classes have their own story to tell. The hotel sector, for example, has been dealing with both a rapid growth in rooms in recent years and the disrupting effect Airbnb has had on the industry. Neither has had an effect on loan performance to date. Indeed, the delinquency rate for the lodging sector has been consistently lower than the overall CMBS delinquency rate for the last few years, according to Trepp.