Hotel Price Categories for West Lafayette, Indiana

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 West Lafayette, IN was performed on September 09, 2008.  The analysis is based on the average room rates for 20 hotels within West Lafayette, IN and adjacent towns forming the Lafayette, IN 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 West Lafayette, Indiana Hotels

Rodeway Inn West Lafayette          Info   Rate History   Map
2030 Northgate Drive
West Lafayette, IN 47906

Rate Analysis	Low	High
Running Average Rates :	$62	$80
Observed Rates :	$55	$70

The observed low rate is 11% below the average low rate.
The observed high rate is 12% below the average high rate.

Campus Inn          Info   Rate History   Map
200 Brown Street
West Lafayette, IN 47906

Rate Analysis	Low	High
Running Average Rates :	$55	$95
Observed Rates :	$55	$95

The observed low rate is equal to the average low rate.
The observed high rate is equal to the average high rate.

University Inn Conference Center And Suites          Info   Rate History   Map
3001 Northwestern Avenue
West Lafayette, IN 47906

Rate Analysis	Low	High
Running Average Rates :	$114	$140
Observed Rates :	$117	$148

The observed low rate is 3% above the average low rate.
The observed high rate is 6% above the average high rate.

Hotel Rate Table for West Lafayette, Indiana

The table below shows West Lafayette, Indiana 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 West Lafayette, Indiana Hotels Enter your arrival and departure dates and click Update Rates. Estimated processing time : 8 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 University Inn Conference Center And Suites 127 117 114 3 148 140 8 Campus Inn 75 55 55 0 95 95 0 Rodeway Inn West Lafayette 71 55 62 -7 70 80 -10 Prestige Inn 50 na 46 na na 54 na

Discount Hotels Page

After updating the rate table, check to see if any new hotels are listed on the Discount Rates Page.

Hotel Rate Analysis and Classification Details

The September 09, 2008 rate analysis for West Lafayette, Indiana hotels is based on the average rates of 20 hotels within West Lafayette, IN and adjacent towns forming the Lafayette, IN 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:  $48 - Economy Inn
Highest Average Room Rate:  $131 - Towneplace Suites By Marriott Lafayette

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 September 09, 2008 analysis, the resulting mean room rate for Lafayette, IN MSA hotels is $89 and the standard deviation is $26.

Hotels with average rates greater than one standard deviation above the mean are categorized as deluxe.  One standard deviation above the mean is $115, so West Lafayette hotels with an average rate higher than $115 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 $68, so West Lafayette hotels with an average rate lower than $68 are classified as budget hotels (green ) on the map.

Everything in between is categorized as moderate priced hotels, so West Lafayette hotels with average room rates greater the $68 and less that $115 are classified as moderate priced hotels ( cyan ) on the map.