The UNH Lodging Executives Sentiment Index (LESI) continued its slide from 76.8 in September 2013 to 75.0 in October 2013. Overall the lodging executives’ sentiment for present business conditions was up during this current period while future business conditions continued to weaken.
“There appears to be continued economic uncertainty among executives, with demand leveling off,” said Nelson Barber, associate professor of hospitality management, who manages the index.
Fifty-three percent of lodging executives indicated current business conditions were good, an increase from 38 percent last period, while 47 percent indicated conditions were normal, down from 62 percent during the same period. No executive indicated such conditions were bad in either period.