Hotel Price Categories for Rural Oklahoma Hotels

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. 

Since Elk City, OK is a small town in rural Oklahoma, it's rate classification is based on 113 hotels in rural Oklahoma that are oustide the metropolitan areas.  The latest rate analysis for rural Oklahoma hotels was performed on April 28, 2008.  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.

Discount Rate Analysis for Elk City, Oklahoma Hotels

Ramada Inn Elk City          Info   Photos   Rate-history   Map
102 BJ Hughes
Elk City, OK 73644

Rate Analysis	Low	High
Running Average Rate :	$70	$79
Rates observed on 7/25/08:	$57	$79

The observed low rate is 19% below the average low rate.
The observed high rate is equal to the average high rate.

Holiday Inn Elk City, Ok          Info   Photos   Rate-history   Map
I-40 & State Hwy. 6 - exit 38
Elk City, OK 73644

Rate Analysis	Low	High
Running Average Rate :	$112	$134
Rates observed on 7/25/08:	$104	$145

The observed low rate is 7% below the average low rate.
The observed high rate is 8% above the average high rate.

Elk City Days Inn          Info   Photos   Rate-history   Map
2500 South Main Street
Elk City, OK 73644

Rate Analysis	Low	High
Running Average Rate :	$59	$725
Rates observed on 7/25/08:	$59	$85

The observed low rate is equal to the average low rate.
The observed high rate is 88% below the average high rate.

Elk City Super 8 Motel          Info   Photos   Rate-history   Map
2801 E. Hwy. 66
Elk City, OK 73644

Rate Analysis	Low	High
Running Average Rate :	$56	$79
Rates observed on 7/25/08:	$56	$56

The observed low rate is equal to the average low rate.
The observed high rate is 29% below the average high rate.

Econo Lodge Elk City          Info   Photos   Rate-history   Map
108 Meadow Ridge
Elk City, OK 73644

Rate Analysis	Low	High
Running Average Rate :	$48	$59
Rates observed on 7/25/08:	$49	$54

The observed low rate is 2% above the average low rate.
The observed high rate is 8% below the average high rate.

Red Carpet Inn Elk City          Info   Photos   Rate-history   Map
1100 Hwy 34 & I-40
Elk City, OK 73644

Rate Analysis	Low	High
Running Average Rate :	$36	$50
Rates observed on 7/25/08:	$39	$48

The observed low rate is 8% above the average low rate.
The observed high rate is 4% below the average high rate.

Hotel Rate Table for Elk City, Oklahoma

The table below shows Elk City, Oklahoma 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 dates in the "Reservation Dates" form above and click "Update Rates" for the most current rates.  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 Elk City, Oklahoma Hotels                Averages calculated:  April 28, 2008        Rates captured:  12:00 AM on 7/25/08 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 Elk City Days Inn 392 59 59 0 85 725 -640 Holiday Inn Elk City, Ok 123 104 112 -8 145 134 11 Best Western Elk City Inn 93 111 88 23 111 98 13 Ramada Inn Elk City 74 57 70 -13 79 79 0 Elk City Super 8 Motel 68 56 56 0 56 79 -23 Econo Lodge Elk City 54 49 48 1 54 59 -5 Elk City Travelodge 51 na 48 na na 54 na Red Carpet Inn Elk City 43 39 36 3 48 50 -2

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 April 28, 2008 rate analysis for Elk City, Oklahoma hotels is based on the average room rates of 113 hotels in rural Oklahoma oustide the metropolitan areas.  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:  $42 - Super 8 Motel Blackwell
Highest Average Room Rate:  $142 - Holiday Inn Express Hotel & Suites Miami

The graph on the right shows the typical shape of a rate distribution for a wide range of room rates.  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 28, 2008 analysis, the resulting mean room rate for rural Oklahoma hotels is $82 and the standard deviation is $24.

Hotels with average rates greater than one standard deviation above the mean are categorized as deluxe.  One standard deviation above the mean is $106, so Elk City hotels with an average rate higher than $106 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 $62, so Elk City hotels with an average rate lower than $62 are classified as budget hotels (green ) on the map.

Everything in between is categorized as moderate priced hotels, so Elk City hotels with average room rates greater the $62 and less that $106 are classified as moderate priced hotels ( cyan ) on the map.