Hotel Price Categories for Rolling Meadows, Illinois

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 Rolling Meadows, IL was performed on April 7, 2009.  The analysis is based on the average room rates for 460 hotels within Rolling Meadows, IL and adjacent towns forming the Chicago, IL 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 Rolling Meadows, Illinois Hotels

Holiday Inn Express Rolling Mdws-schaumburg Area          Info   Rate History   Map
3477 ALGONQUIN RD.
Rolling Meadows, IL 60008

Rate Analysis	Low	High
Running Average Rates :	$96	$202
Observed Rates :	$90	$160

The observed low rate is 6% below the average low rate.
The observed high rate is 21% below the average high rate.

Holiday Inn Chicago-rolling Meadows, Il          Info   Rate History   Map
3405 ALGONQUIN
Rolling Meadows, IL 60008

Rate Analysis	Low	High
Running Average Rates :	$116	$138
Observed Rates :	$190	$240

The observed low rate is 64% above the average low rate.
The observed high rate is 74% above the average high rate.

Hotel Rate Table for Rolling Meadows, Illinois

The table below shows Rolling Meadows, Illinois hotels listed from the highest average rate to the lowest average rate (Avg Rate column).  The table may be sorted on any column by clicking the column headers. 

The hotels are 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 for each hotel.  The "High Dif" column shows the difference between the current high rate and the average high rate for each hotel.  Enter your arrival and departure dates and click "Update Rates" to get rates for specific dates.  Click on the hotel names to see all avaiable 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 Rolling Meadows, Illinois Hotels Enter your arrival and departure dates and click Update Rates. Estimated processing time : 4 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 Holiday Inn Express Rolling Mdws-schaumburg Area 149 90 96 -6 160 202 -42 Holiday Inn Chicago-rolling Meadows, Il 127 190 116 74 240 138 102

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Hotel Rate Analysis and Classification Details

The April 7, 2009 rate analysis for Rolling Meadows, Illinois hotels is based on the average rates of 460 hotels within Rolling Meadows, IL and adjacent towns forming the Chicago, IL 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:  $0 - Hyatt Place Chicago Lombard
Highest Average Room Rate:  $401 - Hard Rock Hotel Chicago

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 Chicago, IL MSA hotels is $148 and the standard deviation is $65.

Hotels with average rates greater than one standard deviation above the mean are categorized as deluxe.  One standard deviation above the mean is $214, so Rolling Meadows hotels with an average rate higher than $214 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 $74, so Rolling Meadows hotels with an average rate lower than $74 are classified as budget hotels (green ) on the map.

Everything in between is categorized as moderate priced hotels, so Rolling Meadows hotels with average room rates greater the $74 and less that $214 are classified as moderate priced hotels ( cyan ) on the map.