Leading Economic Indicator: Nebraska Lodging Tax Revenue

According to SIFMA, "the markets’ reaction to the release of economic indicators depends on the indicator itself, where we are currently in the business expansion/contraction cycle, and policymakers’ reaction to structural changes in the economy.

Leading indicators, which have historically predicted the future direction of the economy, are more important than lagging indicators of economic turns that have already occurred."

Lodging Tax can be considered a leading indicator of economic growth and recovery since it reflects both business and recreational travel increase and confidence. 

AUGUST 2013 LODGING TAX REVENUE IN NEBRASKA 

Adams County $23,012, up 15% * 

Douglas County $531,448, down 5% 

Hall County $102,998, up 13% 

Lancaster County $257,655, up 4%

*Data compared to August 2012  

**Data from Nebraska Department of Revenue 

In August, the Grand Island and Kearney Nebraska communities show strong trends at continuing to grow faster than the national trends. Smith Gardner Slusky represent many interests in this area of Nebraska and recognize its vibrancy.