Скачать или смотреть Macro Meets Micro: What This Hotel Industry Metric Reveals About the U.S. Economy

When our Macro outlook jives with our analyst’s Sector research that is truly a state of “macro research nirvana.” That’s exactly what our analysts are seeing in the U.S. economy today. Both our Macro team and Gaming, Lodging & Leisure (GLL) team see American growth accelerating.

We have 11 Sector teams at Hedgeye, with over 40 research analysts ranging from Retail and Industrials to Energy and Technology – all of whom are seeking their own industry and company-level truths. “This is one of the many un-talked about important components of my process,” says Hedgeye CEO Keith McCullough.

Take our Gaming, Lodging & Leisure team for instance.

In the video above, GLL analyst Sean Jenkins describes his team’s Hotel industry leading indicator. This model predicts, on a forward-looking basis, whether revenue per available room (RevPar) will accelerate or decelerate in the coming quarter. This is a critically important metric to watch for the industry, Jenkins explains, because “when RevPar is accelerating, [hotel industry] multiples expand.”

Our GLL team’s current RevPar outlook is for an acceleration through the back half of 2017.

“Hotels are a pretty big part of the business cycle,” McCullough says. “So that’s embedded in my view and that’s an important thing that is corroborating our bullishness.”