Future business activity in U.S. hotels rose in April according to the latest reading of the Hotel Industry Leading (HIL) Indicator. e−forecasting.com's HIL, a composite of nine predictive analytics which gauges future monthly overall business conditions for U.S. hoteliers, increased by 0.4% in April to 138.8, following an increase of 0.3% in March. The index is set to equal 100 in 2010.
"The probability of the hotel industry entering into recession in the near-term, which is detected in real-time from HIL with the help of sophisticated statistical techniques, registered 1.2% in April, down from 1.3% in March," said Maria Sogard, CEO at eforecasting.com. "As a result, the probability that the U.S. Hotel Industry will be in the expansion phase of its business cycle in the near-term marked 98.8% in April, higher than March's reading of 98.7%." Maria added.
"Five of the forward looking predictive analytics of business activity that comprise Hotel Industry Leading (HIL) Indicator had a positive contribution to its change in April: Jobs Market; Hotel Profitability; Foreign Demand; New Orders; Vacation Barometer; Four indicators of future business activity had a negative or zero contribution to HIL's change in April: Hotel Worker Hours; Yield Curve; Oil Prices; Housing Activity; " said Evangelos Simos, professor at the University of New Hampshire and series editor for predictive analytics databases at e-forecasting.com.
e-forecasting.com, an international research and predictive intelligence consulting firm, offers disruptive predictive analytics of the economic and business environment using proprietary, real-time information content to produce customized solutions for what’s next.
For more media content contact: Contact: Judy Curran, judy.curran@e-forecasting.com
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