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October 2011 Press Release of e-forecasting

Hotel Forecast News: e-forecasting Press Release for the Hotel Industry in US Europe and Global Markets

  HIP: Hotel Industry Pulse | HIL: Hotel Industry Leading Indicator | Hotel Industry HIP and HIL Press Release
 
LODGING & HOSPITALITY MARKET NEWS FOR WHAT'S NEXT
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HIP: Hotel industry stronger than overall economy:

EDITOR'S NOTE

July 18th, 2011
e-forecasting.com eNews for the Hotel Industry

DURHAM, New Hampshire ó  After a slight decline of 0.5% in May, HIP climbed 1.4% in June, according to e-forecasting.comís expanded HIP report. HIP, the Hotel Industry Pulse Index, is composite indicator that gauges business activity in the U.S. hotel industry in real time, similar to a GDP measure for the industry. The latest monthly change brought the index to a reading of 100.2. The index was set to equal 100 in 2000.

Looking at HIP's six-month growth rate, which historically has signaled turning points in U.S. hotel business activity, HIPís growth rate remained at high levels, reaching a rate of 9.8 percent in June. This is up from May's rate of 8.3 and significantly higher than the long term average growth rate of 3.2 percent.

ďThe US hotel industry has outperformed the overall economy fourfold," commented Maria Simos, CEO of e-forecasting.com. "With our expanded HIP report, we now compare the hotel industry on a monthly basis to the US economy by positioning it against our US monthly GDP. This provides a meaningful analysis for hoteliers thirsty for more timely information on not just their properties, but the economy overall."

The probability of business expansion in the hotel industry was at 99.8 percent in June, lower than May's reading of 96.9 percent.



The Hotel Industry Pulse, or HIP for short, is a hotel industry indicator which was created to fill the void of a real-time monthly indicator for the hotel industry that captures current conditions. What the indicator does is provide useful information about the timing and degree of the industryís linking with the US business cycle for the last 40 years. Simply put, it tracks monthly overall business conditions in the industry, like an industry GDP, and points in a timely way to the changes in direction from growth to recession or vice versa. The composite indicator is made with the following components: revenues from consumers staying at hotels and motels adjusted for inflation, room occupancy rate and hotel employment, along with other key economic factors which influence hotel business activity

 
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