Hospitality Leaders Hospitality Leaders Menu 0
Google Translate
Hospitality Industry News, Surveys, Polls and Research, Tourism News

US & UK Hotel Activity Remains Stronger Than Overall Economy, Germany Falls Flat

Profile Photo By: H L
July 11, 2013

US & UK Hotel Activity Remains Stronger Than Overall Economy, Germany Falls Flat

EconomyBusiness activity in U.S. hotels increased in June to a reading of 109.5 according to the latest reading of the U.S. Hotel Industry’s Pulse (U.S.-HIP) indicator. e?’s U.S.-HIP, a composite indicator that gauges monthly overall business conditions in the U.S. hotel industry increased 0.5% in June, following an increase of 0.7% in May. The index is set to equal 100 in 2005.

U.S.-HIP’s six-month growth rate, which has historically confirmed the turning points in U.S. hotel business activity, had a positive rate of 5.5% in June, following a positive rate of 5% in May. This compares to a long-term annual growth rate of 3%, the same as the 30-year average annual growth rate of the industry’s gross domestic product.

The probability of the hotel industry entering into recession, which is detected in real-time from U.S.-HIP with the help of sophisticated statistical techniques, registered 3.6% in June, down from 4.5% reported in May. When this recession-warning gauge passes the threshold probability of 50%, the U.S. hotel industry enters a recession.

“Our U.S.-HIP continues to show that the U.S. hotel industry continues to outperform that domestic economy,” commented Maria Sogard, CEO of e? “This is a similar trend to what we have seen with our U.K.-HIP, whereas with our German-HIP the indicator is slowing much like the overall country’s economic climate.”

Two of the demand and supply indicators of current business activity that constitute Hotel Industry’s Pulse (U.S.-HIP) Index had a positive contribution to its change in June: Hotel Jobs and Hotel Capacity. ?The current business activity indicator that had a negative or zero contribution to U.S.-HIP’s change in June was Spending on Hotels.

“In the last twelve months – June 2012 to June 2013 – overall economic activity, measured by’s monthly U.S. GDP – rose by 1.2%. Over the same period, economic activity in U.S. Hotels, measured by U.S.-HIP, jumped by 4.1%.”, Maria added.

Click here to read more.

Source Hotel News Resource


Uneingeschränkter Zugang

Erhalten Sie vollen Zugang zu Nachrichten aus Hotellerie und Gastgewerbe.

Jetzt anmelden. Kostenlos.
Oder importieren Sie Ihre Angaben aus