Hotel Industry Leading indicator improves in September
you’ve been following HotelNewsNow.com for the past few months, you’ve noticed the Hotel Industry’s Pulse reports that are released around the first of every month. The HIP is a real-time indicator that measures the overall health of the hotel industry by capturing current economic conditions of the hotel industry to help identify peaks and troughs in the business cycle. These peaks and troughs then can be traced to the overall U.S. business cycle to better understand how the timing and degree of losses or gains in the hotel industry perform in comparison to the overall economy. In more broad terms, the HIP measures business activity in the hotel industry similar to the gross domestic product for the total United States economy.