HIL Indicator Bodes Well for Hotels

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."