June 2014 is reported the best month of June this century by STR. The US hotel industry posted an impression gains in all three hotel key performance metrics for June 2014:
- Occupancy at an impressive 71.7%, the best June prior being in 2007 at 71.1%
- ADR was up 3.9% at $112
- RevPAR grew by 6.4% to $71
This increase for June 2014 is in line with the newly released Q2 STR report where the industry posted increases in:
- Occupancy showed steady growth of 3.6% to 68.1%
- ADR increased 4.4% to $115.46 USD
- RevPAR grew an amazing 8.2% to $78.59 USD
The hotel industry is growing and now is the time to make sure that you hotel is running at its best and maximizing ADR and RevPAR. RoomKeyPMS has now partnered with iRates a powerful new Revenue Management system that is powered by innovative algorithm that uses historical data and comp set information to recommend rates. To learn more about iRates or any other of products that complete our GMS, visit our Products Page.