Hotel Price Categories for Rural Florida 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 Madison, FL is a small town in rural Florida, it's rate classification is based on 294 hotels in rural Florida that are oustide the metropolitan areas.  The latest rate analysis for rural Florida 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.

Automated Rate Analysis for Madison, Florida Hotels

SUPER 8 MOTEL - MADISON          Info   Photos   Rate-history   Map
I-10 and SR 53
Madison, FL 32340

Rate Analysis	Low	High
Running Average Rate :	$65	$69
Rates observed on 7/25/08:	$60	$60

The observed low rate is 8% below the average low rate.
The observed high rate is 13% below the average high rate.

Holiday Inn Express Madison, Fl          Info   Photos   Rate-history   Map
I-10 & S.R. 53 S. (Exit # 37)
Madison, FL 32340

Rate Analysis	Low	High
Running Average Rate :	$96	$120
Rates observed on 7/25/08:	$91	$140

The observed low rate is 5% below the average low rate.
The observed high rate is 17% above the average high rate.

Madison - Days Inn          Info   Photos   Rate-history   Map
SR 53 Rte. 1
Madison, FL 32340

Rate Analysis	Low	High
Running Average Rate :	$70	$72
Rates observed on 7/25/08:	$75	$75

The observed low rate is 7% above the average low rate.
The observed high rate is 4% above the average high rate.

Hotel Rate Table for Madison, Florida

The table below shows Madison, Florida 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 Madison, Florida 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 Holiday Inn Express Madison, Fl 108 91 96 -5 140 120 20 Madison - Days Inn 71 75 70 5 75 72 3 Super 8 Motel - Madison 67 60 65 -5 60 69 -9

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 Madison, Florida hotels is based on the average room rates of 294 hotels in rural Florida 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:  $40 - Americas Best Inns-lake City
Highest Average Room Rate:  $652 - The Pillars At New River Sound

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 Florida hotels is $184 and the standard deviation is $120.

Hotels with average rates greater than one standard deviation above the mean are categorized as deluxe.  One standard deviation above the mean is $304, so Madison hotels with an average rate higher than $304 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 $112, so Madison hotels with an average rate lower than $112 are classified as budget hotels (green ) on the map.

Everything in between is categorized as moderate priced hotels, so Madison hotels with average room rates greater the $112 and less that $304 are classified as moderate priced hotels ( cyan ) on the map.