Future business activity in U.S. hotels rose in March according to the latest reading of the Hotels' future business conditions (HIL) indicator. e−forecasting.com's HIL, a composite indicator that gauges future monthly overall business conditions in the U.S. hotel industry, increased by 0.1% in March to 115.5, following a decline of 0.1% in February. The index is set to equal 100 in 2005.
Hotel prices have increased across European cities this month - in some cases by as much as 58 per cent - according to the monthly trivago Hotel Price Index (tHPI) reported by comparison site trivago.co.uk.
Sojern's Q1 Global Travel Insights Report Offers Summer Travel Forecast, Analyzes Impact of Regional and Current Events
In February, Budapest and Warsaw hotels registered impressive surges in gross operating profit per available room (GOPPAR) of 78.5% and 54.1% respectively, according to the latest data from HotStats.
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