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EXECUTIVE SENTIMENT CREEPS UP

Published Thursday, May 15, 2008

The current Lodging Executives Sentiment Index reading is 55.4, up from 54.6 last period but down from 75 in the same period a year ago. This LESI indicates slightly faster economic expansion. A reading greater than 50 indicates lodging is expanding. One below 50 suggests the industry is declining; the distance from 50 shows relative strength and weakness. As one lodging executive surveyed said, “We're seeing a bit of slowdown with our transient business.” The Present Situation Index registers a very slightly slower decline in business activity, reading 53.6 this period against last period's 55.6 and 78.3 during ...

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