The transformation $L=TG$ is defined on vectors $x$ with positive coordinates by
$$
\[Lx\](s)=\sum_uq(u|s)\mathrm{e}^{-r(u)}\[Mx\](u),\quad\mbox{where}\
\[Mx\](s)=\prod_ux(u)^{p(u|s)}.
$$
Thus $M$ and $L$ are homogenous and nondecreasing on the positive orthant. This means that one considers vectors $x$ such that $x(s)>0$ for every $s$, that $M(\lambda x)=\lambda Mx$ and $L(\lambda x)=\lambda L(x)$ for every positive scalar $\lambda$, and that $Mx\le M\tilde x$ and $Lx\le L\tilde x$ if $x\le\tilde x$ in the sense that $x(s)\le\tilde x(s)$ for every $s$.

For every vector $x$ with positive coordinates, let $u(x)$ and $\ell(x)$ denote the supremum and the infimum of its coordinates $x(s)$, hence $\ell(x)\le x(s)\le u(x)$ for every $s$.

Since $p$ is a transition kernel, $\displaystyle\sum_up(u|s)=1$ for every $s$ hence $\ell(x)\le\[Mx\](s)\le u(x)$ for every $s$ and $\ell(x)a(s)\le\[Lx\](s)\le u(x)a(s)$ with
$$
a(s)=\sum_uq(u|s)\mathrm{e}^{-r(u)}.
$$
More generally, for every positive $t$,
$$
\ell(x)\ell(a)^{t-1}a(s)\le \[L^tx\](s)\le u(x)u(a)^{t-1}a(s),
$$
hence
$$
\ell(x)\ell(a)^{t}\le \ell(L^tx)\le u(L^tx)\le u(x)u(a)^{t}.
$$
Furthermore, $u(a)\le u(\mathrm{e}^{-r})$ and $\ell(a)\ge\ell(\mathrm{e}^{-r})$. Now everything depends on the hypothesis made on $r$.

If $r(s)>0$ for every $s$ (and I believe this is what the OP wanted to write), then $u(a)<1$ hence $L^tx$ converges geometrically to $0$. If $r(s)<0$ for every $s$ (and this is what the OP actually wrote), then $\ell(a)>1$ hence $L^tx$ diverges geometrically to $+\infty$.

For $(x_t)$ to converge to a nondegenerate limit, one should assume that $r$ has positive **and** negative coordinates.