What the HIL? A new leading indicator for the hotel industry
The U.S. hotel industry contributes more than US$200 billion a year to the U.S. economy in terms of output. While we might be a small fish in a big pond in the total U.S. economy, it was surprising that we could not find a monthly indicator to gauge business activity in the industry. That issue was solved when the HIP—the Hotel Industry Pulse, which is a real-time monthly indicator for the hotel industry that captures current conditions—was released.