Hotel Price Categories for North Bay Village, Florida

The hotels on the Rate Table and the Interactive Map are grouped into color coded price categories based on their average room rates.  The average rate for each hotel is calculated from the average of it's high and low room rates observed over a period of one year.

The latest hotel rate analysis for North Bay Village, FL was performed on April 7, 2009.  The analysis is based on the average room rates for 133 hotels within North Bay Village, FL and adjacent towns forming the Miami, FL Metropolitan Statistical Area.  The current classification breaks based on this analysis are as follows:

See Hotel Rate Analysis and Classification Details below for a detailed explanation of the classification price breaks.

Automated Rate Analysis for North Bay Village, Florida Hotels

Best Western On The Bay Inn And Marina          Info   Rate History   Map
1819 79th Street Cswy
North Bay Village, FL 33141

Rate Analysis	Low	High
Running Average Rates :	$110	$196
Observed Rates :	$120	$134

The observed low rate is 9% above the average low rate.
The observed high rate is 32% below the average high rate.

Hotel Rate Table for North Bay Village, Florida

The table below shows only one hotel for North Bay Village, Florida, but other nearby hotels may be found by using the interactive map.

The hotel record is color coded according to the Hotel Price Categories described above.  The "Low Dif" column shows the difference between the current low rate and the average low rate.  The "High Dif" column shows the difference between the current high rate and the average high rate.  Enter dates in the "Reservation Dates" form above and click "Update Rates" for the most current rates.  Click on the hotel name to see all available room rates and make reservations. 

Click the help link below for more information on the rate table update & analysis procedures. 

Open Help Window:  Rate Table Help

Interactive Rate Table for North Bay Village, Florida Hotels Enter your arrival and departure dates and click Update Rates. Estimated processing time : 2 seconds    Arrival Date                   Departure Date Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31             Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31                Click Hotel Names for Info Pages          Click Avg Rates for Graphs           Click Table Headers to Sort Name Avg Rate Low Rate Avg Low Low Dif High Rate Avg High High Dif Best Western On The Bay Inn And Marina 153 120 110 10 134 196 -62

Hotel Rate Analysis and Classification Details

The April 7, 2009 rate analysis for North Bay Village, Florida hotels is based on the average rates of 133 hotels within North Bay Village, FL and adjacent towns forming the Miami, FL Metropolitan Statistical Area.  The average rate for each hotel is calculated from the average of it's high and low room rates observed over a period of one year.  The rates range between the following values:

Lowest Average Room Rate:  $76 - Princess Ann Hotel
Highest Average Room Rate:  $1114 - Betsy Hotel

The graph on the right shows the typical shape of a room rate distribution for a metropolitan area.  The colored areas depict the price breaks used to classify the hotels.  Rates greater than two standard deviations above the mean for all values are considered high end outliners and are removed from the price break calculations.

For the April 7, 2009 analysis, the resulting mean room rate for Miami, FL MSA hotels is $295 and the standard deviation is $197.

Hotels with average rates greater than one standard deviation above the mean are categorized as deluxe.  One standard deviation above the mean is $492, so North Bay Village hotels with an average rate higher than $492 are classified as deluxe hotels ( magenta ) on the map.

Hotels with average rates falling in the lower half of the range below the mean are categorized as budget.  The rate halfway between the low rate and the mean rate is $185, so North Bay Village hotels with an average rate lower than $185 are classified as budget hotels (green ) on the map.

Everything in between is categorized as moderate priced hotels, so North Bay Village hotels with average room rates greater the $185 and less that $492 are classified as moderate priced hotels ( cyan ) on the map.