The Rooms Reservations Index continued its slide downward and for the month of July the index dipped well below flatline echoing last month�s first negative growth reading; the Rooms Reservation Index reads at 35.3 as compared to 46.4 for June. The Rooms Reservation Index asks executives what they expected for rooms reservations/bookings over the next 12 months compared to the last 12 months. 

In its sixth reporting, the monthly Lodging Employment Index for July climbed slightly more positive with the total index reading of non-management employees of 44.1 compared to 42.9 for the previous month, June.  Lodging industry executives are asked whether, over the next 12 months, they expect to: 1) add non-management employees, 2) keep the number about the same, or 3) reduce the total number of non-management employees. With the Lodging Employment Index reading below flatline, this corroborates the general decline indicated in the future expectations index.
 

About the Index

Created by researchers at LodgingForecast.com, the LEsI tracks on a month-to-month basis a 12-month outlook for the lodging industry. The LEsI is a nationwide poll of lodging industry executives in operations, finance and development, and marketing who represent all segments of the lodging industry. LodgingForecast.com holds its executives� responses in strictest confidence; only the final summary analysis is reported, and the summary analysis encompasses upwards of 1.3 million hotel rooms.

Following the Purchasing Managers Index method of tracking economic indicators, the LEsI satisfies the need for real-time information for executive decision making in the lodging industry. Inaugurated in June 2000, the LEsI is a diffusion index--a convenient summary measure showing the prevailing direction of change and the magnitude of change for the Lodging Industry. The LEsI is a leading indicator based on opinions of lodging executives looking into the future as well as weighing in on the current situation.

LodgingForecast.com is a division of the consulting firm evanjoeray, LLC
that publishes several lodging-related indicators each month. In agreement with PKF�s Hospitality Research Group and using proprietary forecasting models, LodgingForecast.com generates the LEsI and 18-month forecasts for occupancy, ADR, RevPAR, and employment costs.