Business activity for China's hoteliers stayed flat in January, according to the latest reading of e−forecasting.com's China Hotel Industry Pulse. China HIP is a business analytic which tracks monthly overall business conditions in China's hotel industry. January’s indicator remained unchanged from the previous month’s reading of 95.8. HIP index is set to equal 100 in 2010.
However, prospects for future business activity for China hotels rose in January according to the country’s Hotel Industry Leading indicator from e−forecasting.com. China HIL, a monthly predictive analytic, rose 0.2 percent in January to a reading of 100.2, following an increase of 0.3 percent in December. HIL index is set to equal 100 in 2010.
"All eight forward looking indicators of business activity that comprise China's Hotel Industry Leading had a positive contribution to its change in January,” according to Evangelos Simos, editor of predictive analytics databases and professor of economics at the University of New Hampshire.
The indicators used in the HIL index are: US Future Hotel Business; Energy Costs; Merchandise Imports; Leading Economic Indicator; Foreign Demand; Manufacturing Barometer; Economic Climate; Consumer Confidence None of these factors had a negative or zero contribution to the change of China's Hotel Industry Leading index in January.