Developing an economic indicator system (a forecasting technique) for the hotel industry

Jeong Gil Choi

doi:10.1016/S0278-4319(03)00015-X

Developing an economic indicator system (a forecasting technique) for the hotel industry

Jeong Gil Choi

Research output: Contribution to journal › Article › peer-review

32 Citations (Scopus)

Abstract

The objective of this study was to develop an economic indicator system for the US hotel industry to project the industry's growth and turning points. By conducting a comprehensive literature review, and by using National Bureau of Economic Research turning point criteria and statistical correlation method, 12 leading, 10 coincident, and 10 lagging indicators were identified. The performances of the indicator system demonstrated that the system has great potential as a forecasting method.

Original language	English
Pages (from-to)	147-159
Number of pages	13
Journal	International Journal of Hospitality Management
Volume	22
Issue number	2
DOIs	https://doi.org/10.1016/S0278-4319(03)00015-X
Publication status	Published - Jun 2003

Keywords

Business cycle
Forecasting
Hotel industry
Indicator system

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10.1016/S0278-4319(03)00015-X

Cite this

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KW - Indicator system

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Developing an economic indicator system (a forecasting technique) for the hotel industry

Abstract

Keywords

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