Intercontinental Hotels Group
Short
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IHG Hotels Hitting Triple Top

166
With so much money printed and QE causing asset price inflation, some of that money has been used
to front-run in the hotel space that is not hitting key multiple resistance areas. Buying up hotels at
such valuations as if hotel occupancy rate will exceed Jan 2020 is a joke.

statista.com/statistics/206546/us-hotels-occupancy-rate-by-month/

CAR (Avis) is experiencing something similar simultaneously

CAR BIG DOUBLE TOP!


Price is what you pay value is what you get. Buffet Not much value at these prices.
Note
As expected it hit a brick wall that never recovered.

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