Hotel industry rounds the bend, HIL indicator up | hotelnewsnow.com

This morning economic research firm e-forecasting.com in conjunction with Smith Travel Research announced that their U.S. Hotel Industry Leading indicator—HIL—went up in October, the seventh consecutive month of increase for the indicator. HIL went up 0.7 percent in October, after edging up 0.3 percent in September. HIL, a monthly leading indicator for the U.S. hotel industry, is a composite leading indicator that, on average, leads the industry’s business activity four to five months in advance. The latest increase brought the index to a reading of 106.6. The index was set to equal 100 in 2000.