The UNH Lodging Executives Sentiment Index (LESI) surged to 78.1 in August 2013 from 65.8 in July 2013, fueled by strong business conditions and a more positive employment outlook.
“These results represent lodging executives’ strong and positive sentiments of the present general business conditions for their properties, which increased 8.7 on the sentiment scale, combined with a strong sentiment about general business conditions 12 months in the future, which increased by 16.0,” said Nelson Barber, associate professor of hospitality management, who manages the index.