Risk Of U.S. Hotel Recession Retreats | hotelnewsnow.com

This morning economic research firm e-forecasting.com in conjunction with Smith Travel Research announced that following a decline of 4.7 percent in November, HIP edged up 0.1 percent in December. HIP, the Hotel Industry's Pulse Index, is a composite indicator that gauges business activity in the U.S. hotel industry in real-time. This increase brought the index to a reading of 91.6. The index was set to equal 100 in 2000.