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Larry King Going Live at the Carlyle

Jaquet Droz President Manuel Emch Resigns

Sharon Stone's Basic Instinct is to Sell

UK holidaymakers hoard nearly ?1billion in forgotten currency

USA: Leading hotel indicator shows improvement

Italy wins first place at the Sunday Times Travel Magazine Awards

PATA launches relief fund for victims of natural disasters

SITA and Orange Business Services conclude a $2b. deal

Etihad moves to new home at Heathrow’s Terminal 4

Mosaic Holidays launches forst Jordan Programme

Virgin Atlantic welcomes EC’s concerns about proposed BA/AA alliance

Marketing sustainable tourism can help improve profits, says World Travel Market

The Co-Operative Travel challenges aviation industry on emissions

Jaz Hotels, Resorts & Cruises launches new resort in Egypt

Continental Airlines to move Tokyo flights check-in at Narita Airport

NYC & Company announces "NYC: The Real Deal Fall"

SynXis' Distribution Marketing Solutions help Westcord Hotels launch new brand

33.9 percent of companies' marketing budget allocated to exhibitions in 2009

Jet Airways wins business traveller's ‘Best Indian Airlines’ Award in London

New generation passenger boarding bridge in Barcelona

Fraport welcomes “New Airline” to the Frankfurt fleet of 130 carriers

EYE see increase in domestic airport audiences

Casino Opens At Greenbrier

Dunnellen Hall Price Dropped Another $15 Million

House's Wedding Rental Causes Controversy

Holiday prices are dropping through the floor

Travel & Tourism: Unity through diversity in the age of globalization

Airports strengthen revenue diversification

Iceland Express takes a biteout of the Big Apple

International visitor spending in the US down sharply in July

Amadeus launches Amadeus Hotel Store in the UK

British Airways melts in The Maldives

AVIVA Stadium Meetings & Events goes live

Jumeirah to enter Rose City in Morocco

IHG's first Hotel Indigo in Hong Kong

Qatar Airways flying high above the credit crunch

Jaz Hotels, Resorts & Cruises opens its new Star on the Red Sea Riviera

AHS announces two new properties in Thailand for U Hotels & Resorts

Regent Secen Seas Cruises enters final phase of fleetwide refurnishment program

Focus Hotels to implement Protel multi-property edition PMS from Xn Hotel Systems

The Feversham Arms Hotel & Verbena Spa awarded ‘AA Hotel Of The Year 2009’

Amex 2010 Business Travel Forecast

Raleigh Acquired By Brilla Group, AJ Capital Partners



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USA: Leading hotel indicator shows improvement

Economic research firm e-forecasting.com in conjunction withSmith Travel Research announced that their US hotel industry leading indicator -HIL- went up in August for the fourth consecutive month. HIL went up 1.7 percent in August, after going up 2 percent in July. HIL, a monthly leading indicator for the U.S. hotel industry, is a composite leading indicator that, on average, leads the industry’s business activity four to five months in advance. This means when the HIL increases for four to five consecutive months, the hotel industry should begin to show signs of improvement. The latest increase brought the index to a reading of 105.6. The index is set to equal 100 in 2000.Looking at its six-month growth rate, a signal of turning points, the Hotel Industry's Leading Indicator went up by an annual rate of 4.9 percent in August, after an increase of 0.7 percent in July. This compares to a long-term annual growth rate of 3.6 percent, the same as the annual growth rate of the industry’s overall economic activity. At the deepest depths of the recession, this growth rate was down to negative 15.7 percent, which happened in January of this year.Six of the nine components that make up Hotel Industry's Leading Indicator had a positive contribution in August: Weekly Hours in Hotels; Hotel Profitability; International Visitors Future Demand; Interest Rate Spread; New Orders for Manufactured Goods and National Vacation Barometer. Three of the nine components had a negative or zero contribution to Hotel Industry's Leading Indicator in August: Labor Market Tightness; Oil Prices and Housing Activity.“The leading indicator continues to improve, with the August reading continuing the trend,”noted CEO of e-forecasting.comMaria Simos.“This is the first time in nearly three and a half years that the six month growth rate of the indicator has been above the long term trend of 3.6 percent. This is positive news for the industry that expansion lies ahead.”The US hotel industry leading indicator, or HIL for short, is a monthly leading indicator for the industry.  Building off the tracking success of HIP, the real-time indicator for the US hotel industry, HIL was built as a composite indicator that uses nine different components that, on average, when put together have led the industry four to five months in advance of a change in direction in the industry business cycle. What the indicator does is provide useful information about the timing of future shifts in the direction of the US hotel industry.


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