Durham, New Hampshire USA: Business activity for US hoteliers rose to a reading of 118.4 in November according to today’s release of the Hotel Industry’s Pulse (HIP) indicator. e−forecasting.com’s HIP – a predictive analytic which gauges monthly overall business conditions for hotels earlier than any industry indicator – climbed by 0.4% in November after an increase of 0.2% in October. The index is set to equal 100 in 2005.
HIP’s six-month growth rate, which has historically confirmed the turning points in US hotel business activity, posted a positive rate of 2.8% in November, following a positive rate of 2.6% in October. This compares to a long-term annual growth rate of 3%, the same as the 40-year average annual growth rate of the industry’s gross domestic product.
The probability of the hotel industry being in recession, which is detected in real-time from HIP with the help of sophisticated statistical techniques, registered 9.3 % in November, down from 10.0% reported in October. When this recession-warning gauge is near or passes the threshold probability of 50%, the US hotel industry has entered a recession.
All demand and supply indicators of current business activity that make up Hotel Industry’s Pulse (HIP) Index had a positive contribution to its change in November: Hotel Jobs; Total Spending on Hotels (includes non-room revenues) and Hotel Capacity. None of the three indicators of current business activity had a negative or zero contribution to HIP’s change in November.
Your email address will not be published. Required fields are marked *
Notify me of follow-up comments by email.
Notify me of new posts by email.
Sign me up for the newsletter!
Fatty Liver: Know why it is known as a ‘silent killer’
Celebrity Vedic Astrologer Mr. Sagar Chug recognized with Star Achiever’s Award, 2019
Deutsche Post DHL Group’s Disaster Response Team ends first deployment in Africa having processed nearly 800 tonnes of cargo
Manage Diabetes in heat
92.7 BIG FM BENGALURU SENSITIZES THE LOCALS ON THE IMPORTANCE OF VOTING THROUGH A RAP SONG BY RJ PRADEEPAA
2014 The Global Indian New Network (TGINN)