The UNH Lodging Executives Sentiment Index for the month ending February 2014 dropped to 75.0 from 76.9 in January 2014. Overall the lodging executives’ sentiment for present business conditions remained steady during this current period while future business conditions decreased.
“Executive sentiment for general business conditions 12 months from now have weakened, supported by a less than positive view of future reservations and non-managerial employment,” said Nelson Barber, associate professor of hospitality management, who manages the index.
Sixty-seven percent of lodging executives indicated current business conditions were good, an increase from 62 percent last period, while 26 percent indicated conditions were normal, up from 23 percent during the same period. During the current period, 7 percent of executives indicated present conditions were bad, an improvement from last period where 15 percent of the executives reporting had such concern.