Market Report U.S.

E-forecasting.com U.S. Hotel Industry's Pulse (HIP) Index Rose in July

e-forecasting.com

Business activity for US hoteliers rose to a reading of 120.8 in July according to today's release of the Hotel Industry's Pulse (HIP) indicator. e-forecasting.com's hotel predictive analytic, which "...gauges monthly overall business conditions for hotels earlier than any industry indicator, climbed by 0.1% in July after an increase of 0.1% in June...", said Evangelos Simos, editor-in-chief of the Digest series and professor at the University of New Hampshire.

Graph - Hotel Industry's Pulse (HIP) indicator July 2018

Two of the three 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 July: Hotel Jobs; Total Hotel Revenues (which include non-room revenues, like food & beverage services);  The current business activity indicator which had a negative or zero contribution to HIP's change in July was Hotel Capacity.                                                                            

HIP's six-month growth rate, which has historically confirmed the turning points in US hotel business activity, posted a positive rate of 0.8% in July, following a positive rate of 0.9% in June. This compares to a long-term annual growth rate of 2%, the same as the 40-year average annual growth rate of the industry's gross domestic product.

"In the last twelve months - July 2017 to July 2018 - overall economic activity, measured by e−forecasting.com's monthly US GDP - rose by 2.9%.  Over the same period, economic activity in US Hotels, measured by HIP, increased by 1%." Evangelos added.

e-forecasting.com, an international research and predictive intelligence consulting firm, offers disruptive predictive analytics of the economic and business environment using proprietary, real-time information content to produce customized solutions for what’s next.



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