Hotel Economy Better than Expected
HotelNewsNow.com reported on July 26, 2012 that prospects for U.S. hotels looks brighter.
Despite a softening economy, the outlook for future monthly overall business conditions in the U.S. hotel industry increased during June, according to e-forecasting.com's Hotel Industry Leading indicator. The indicator increased 0.5% to 103.5 during June, following an increase of 0.6% during May. It was set to equal 100 in 2005.
HIL's six-month growth rate, which historically has confirmed the forthcoming turning points in U.S. hotel business activity, was 4.1% in June, following a positive rate of 3.6% in May. The probability of the hotel industry entering into recession in the near-term registered 0.8% in June, down from 0.9% reported in May.
Given the dire predictions of economic doom by certain political analysts, the report above forecasts a better future for the U.S. hotel industry.