NDLI: UNH: LESI Surges on Strong Business Conditions and Employment Outlook

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UNH: LESI Surges on Strong Business Conditions and Employment Outlook

Content Provider	Semantic Scholar
Author	Wright, Lori
Copyright Year	2013
Abstract	The Lodging Executives Sentiment Index for the current period ending August 2013 surged to 78.1 compared to 65.8 in July 2013. These results are from lodging executives' positive sentiment of the present general business conditions for their properties which increased 8.7, and the positive sentiment for how they view general business conditions twelve months in the future which increased to 84.4 in August 2013 from 68.4 in July 2013. Future business conditions are influenced by the 13.3 increase in expectations about future room reservations over the same twelve month period. Forty-four percent of lodging executives indicated current business conditions were good, an increase from twenty-six percent last period, while fifty-six percent indicated conditions were normal, down from seventy-four percent during the same period. No executive indicated such conditions were bad in either period. Looking forward, sixty-nine percent of the executives thought conditions will be better in the next 12 months versus forty-two percent last month, while thirty-one percent indicated they will be the same versus fifty-eight percent last month indicating they would be the same. Executive sentiment for this period revealed that no executive thought they would be worse. Looking forward twelve months, lodging executives expect an increase in hiring of non-managerial employees, representing a continued increase in expectations for lodging executives' The LESI indices follow the Institute of Supply Management's Index (ISM) method of tracking leading indicators. A LESI survey reading of greater than 50 indicates expansion whereas a reading below 50 indicates decline and the distance from 50 in either direction is indicating the
File Format	PDF HTM / HTML
Alternate Webpage(s)	https://paulcollege.unh.edu/sites/paulcollege.unh.edu/files/files/LESI%20Final%20Report%20August%202013.pdf
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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