Hotels
HIL Indicator Bodes Well for Hotels
By Michael J. ShapiroDecember 9, 2009
The U.S. Hotel Industry Leading indicator increased by 0.7 percent in October, according to the economic research firm e-forecasting.com and Smith Travel Research. That marks the seventh consecutive month of increase for the measurement, a composite leading indicator that generally leads the industry business by four to five months. In other words, according to e-forecasting.com, the industry has "hit a cyclical shift, from recession to expansion."