Lodging Executives’ Sentiment As a Leading Economic Indicator:

Content Provider	Semantic Scholar
Author	Aliouche, E. Hachemi Barber, Nelson A. Goodman, Raymond J.
Copyright Year	2013
Abstract	The lodging industry is known to be closely linked to the general economy. Lodging executives and managers have a unique position in current and future economic events. This study examines whether lodging executives’ sentiment can be regarded as a leading indicator for the aggregate economy. It uses a new index (Lodging Executives’ Sentiment Index [LESI]) that has captured on a monthly basis lodging executives’ sentiment for over ten years. The LESI can be regarded as an additional tool in the toolbox of decision makers, researchers, and analysts to validate and potentially extend existing economic indicators’ forecasts. This study finds that lodging executives’ expectations can be regarded as leading indicators for retail sales, employment, interest rates, and stock prices. When used in conjunction with the LESI, the predictive power and the forecast horizon of well-established indicators, such as the Conference Board’s Index of Leading Economic Indicators, can be significantly improved. Given its respec...
Starting Page	406
Ending Page	415
Page Count	10
File Format	PDF HTM / HTML
DOI	10.1177/1938965513492905
Alternate Webpage(s)	https://paulcollege.unh.edu/sites/paulcollege.unh.edu/files/files/lodging_executives_abstract.pdf
Alternate Webpage(s)	https://doi.org/10.1177/1938965513492905
Volume Number	54
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article