https://str.com/press-release/us-hotel-results-week-ending-11-january

5-11 January 2025 (percentage change from comparable week in 2024):

• Occupancy: 49.2% (-7.7%)
• Average daily rate (ADR): US$144.03 (-5.9%)
• Revenue per available room (RevPAR): US$70.92 (-13.2%) 

https://www.hotelmanagement.net/operate/costar-us-hotels-report-slowest-adr-revpar-growth-4-years

BDI in Jan 2024 +140%

BDI Jan 2025 -49%

Economy weakening…even in last quarter Q4 2024

SPY quarterly slowdown…

Oil back down in Jan and

M1 money supply positive for 2024 and

OEX at end of year Q4 points to bear market…below 65 like 2021…Q4 critical to the following year…