HIL indicator shows positive trend
Economic research firm e-forecasting.com, in conjunction with Smith Travel Research, announced this morning that their U.S. Hotel Industry Leading indicator, HIL, went up in August for the fourth consecutive month. HIL rose 1.7 percent in August, after rising 2 percent in July. 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. This means that when the HIL increases for four to five consecutive months, the hotel industry should begin to show signs of improvement. The latest increase brought the index to a reading of 105.6. The index was set to equal 100 in 2000.