The indicator known as Hotel Industry Pulse (HIP) continued to fall in the month of October, according to the website e-forecasting.com after a study conducted in conjunction with STR Global, which indicates that after a fall in September of 0.4%, in October the record was 0.3%.The growth rate over the past six months, which has historically shown signs of turning points in U.S. hotel activity, continues to deteriorate. During October, the growth rate in this indicator rose 10.9%, after registering 13.3% in September. This is a useful benchmark against the long-term growth rate of 3.2%, as it is the same average annual growth rate of the last 38 years of the industry's GDP.
The probability of business expansion in the hotel industry was 96.1% in October, slightly lower than what it registered in September with 97.2%.
