U.S. lodging executives were less optimistic about present and future business conditions in June, according to the UNH Lodging Executives Sentiment Index. The index declined from 71.2 in May 2013 to 65.3 in June 2013.
From May to June 2013, lodging executives were less optimistic about present general business conditions, with optimism falling 11.7 percent. They also were less optimistic about general business conditions in the next 12 months, with future sentiment falling by 5.1.
“Some lodging executives were concerned about the economic conditions and the impact of the sequestration, particularly on the Washington, D.C., market. Future business conditions were influenced by the 6.1 percent decline in expectations about room reservations over the same 12-month period,” said Nelson Barber, associate professor of hospitality management, who manages the index.
Twenty-eight percent of lodging executives indicated current business conditions were good, a decrease...