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UNH: LESI Falls as Lodging Executives Present and Future Sentiment Wanes
| Content Provider | Semantic Scholar |
|---|---|
| Author | Mantz, Erika |
| Copyright Year | 2014 |
| Abstract | The Lodging Executives Sentiment Index for the current period ending July 2014 decreased to 72.9 from June's 79.5 reading. Overall the lodging executives' sentiment for Present Business Conditions and Business Conditions 12 months in the future fell significantly during this current period. " Lodging Executives expectations for present business conditions, as well as future business conditions 12 months in the future dropped month over month; However, future employment sentiment regarding hiring of non-managerial employees increased. Overall executives are suggesting a normal operational state currently and over the next 12 months, " said Nelson Barber, associate professor of hospitality management, who manages the index. Fifty-eight percent of lodging executives indicated current business conditions were good, a decrease from seventy-three percent last period, while forty-two percent indicated conditions were normal, an increase from twenty-seven percent last period. During the current and prior periods, no executives expressed present conditions were bad. Looking forward, thirty-three percent of the executives thought business conditions will be better in the next 12 months, a decrease from forty-five percent last period while sixty-seven percent indicated they will be the same; up from fifty-five percent last month. During the two periods, no executives indicated future conditions were bad. Looking forward twelve months, lodging executives' future employment sentiment regarding hiring of non-managerial employees increased from 50.0 in June 2014 to 54.2 in July 2014. Lodging Executives appear to be adding employees to satisfy current business demand. The ISM Employment Index increased to 58.2, from 52.8 in June 2014, suggesting manufacturing is anticipating a hiring increase. These two measures are in line with the reported July unemployment rate, published by the Bureau of Labor Statistics (BLS. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://scholars.unh.edu/cgi/viewcontent.cgi?article=5534&context=news |
| Alternate Webpage(s) | https://paulcollege.unh.edu/sites/paulcollege.unh.edu/files/webform/LESI%20Final%20Report%20July%202014.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
