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| Durham, N.H., Apr. 30, 2001 –. The composite Lodging Executive’s Sentiment
Index (LEsI) calculated for the month of April continues to decline…to
its lowest reading since inception eleven months ago, the index is pegged
at 50.0, on the flatline indicating no growth and no decline in the general
business conditions. The latest impressions of lodging executives about
the level of business activity for the lodging industry continues a downward
trend for the fourth consecutive month with the LEsI calculation for March
lower by 7.5 index points. A LEsI reading of 50+ marks the lodging industry
as generally expanding; and below 50, the industry is generally declining
while the distance from 50 is indicative of the strength of the expansion
or decline. Contributors and subscribers will enjoy a full report of the
survey results.
Only 10.1% of the respondents indicated that current business conditions were good, but 42.9% felt that in 12 months business conditions would be better. The LEsI, a nationwide poll of lodging industry executives in operations, finance and development, human resources, and marketing who represent all segments of the lodging industry, tracks on a month-to-month basis a 12-month outlook for the lodging industry. LodgingForecast.com holds its executives’ responses in strictest confidence, and only the final summary analysis is reported.
About the Index Created by researchers at LodgingForecast.com, the LESI tracks on a month-to-month basis a 12-month outlook for the lodging industry. The LESI is a nationwide poll of lodging industry executives in operations, finance and development, and marketing who represent all segments of the lodging industry. LodgingForecast.com holds its executives’ responses in strictest confidence; only the final summary analysis is reported, and the summary analysis encompasses upwards of 1.2 million hotel rooms. Following the Purchasing Managers Index method of tracking leading indicators, the LESI satisfies the need for real-time information for executive decision making in the lodging industry. The LESI is a leading indicator based on opinions of lodging executives. Under development since June 1999, the LESI is a diffusion index--a convenient summary measure showing the prevailing direction of change and the magnitude of change for the Lodging Industry. LodgingForecast.com is a division of the consulting firm evanjoeray, LLC which publishes several lodging related indicators each month. |
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Raymond J.Goodman, Jr. Info@LodgingForecast.com (603) 868-7888 http://orbit.unh.edu/dhm http://www.lodgingForecast.com |