According to e-forecasting.com, in conjunction with Smith Travel Research (STR), announced this week that the HIP dropped in September. After an increase of 1.6 percent in August, HIP went down 2.2 percent in September.
HIP, the Hotel Industry Pulse Index, is a composite indicator that gauges business activity in the United States' hotel industry in real time, similar to a GDP measure for the industry. The latest monthly change brought the index to a reading of 87.9. The index was set to equal 100 in 2000.
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