WIN­TER STORMS BOOST HOTE­LIERS’ JAN­UARY RE­SULTS

Business Traveler (USA) - - UPFRONT -

Busi­ness ac­tiv­ity in US ho­tels rose in Jan­uary ac­cord­ing to the lat­est Ho­tel In­dus­try’s Pulse (HIP) in­di­ca­tor from e−fore­cast­ing.com. The in­dex climbed 0.7 per­cent to a read­ing of 114.4 in Jan­uary af­ter an in­crease of 0.8 per­cent in De­cem­ber. The com­pos­ite in­di­ca­tor gauges monthly over­all busi­ness con­di­tions in the US ho­tel in­dus­try; the in­dex is set to equal 100 in 2005.

The six-month growth rate posted a pos­i­tive rate of 6.7 per­cent in Jan­uary, fol­low­ing a pos­i­tive rate of 6.1 per­cent in De­cem­ber. This com­pares to a long-term an­nual growth rate of 3 per­cent, the same as the 40-year aver­age an­nual growth rate of the in­dus­try’s gross do­mes­tic prod­uct.

“Higher oc­cu­pancy rates with­out in­crease in jobs are in­dica­tive of an un­ex­pected busi­ness ac­tiv­ity due to weather in Jan­uary,” said Maria Sog­ard, CEO of efore­cast­ing.com. “The win­ter storms have slowed the over­all econ­omy but were ben­e­fi­cial to hote­liers.”

For de­tails visit e-fore­cast­ing.com.

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