U.S. lodging executives reported strong optimism about general business conditions in February, an improvement in their outlook compared with the prior month, according to the UNH Lodging Executives Sentiment Index (LESI) for the current month ending February 2013. The index increased from 61.7 in January 2013 to 72.6 in February 2013.
“This increase results from lodging executives’ positive opinions of the present general business conditions for their properties, as well as their optimism for general business conditions 12 months in the future. However, they were cautious about expectations for room reservations looking forward 12 months,” said Nelson Barber, associate professor of hospitality management, who manages the index.
Fifty-two percent of lodging executives indicated current business conditions were good, an improvement from 27 percent last month, while 43 percent indicated conditions were normal, down from 66 percent in January. Five...
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