Hotel Price Categories for Bedford Park, 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 Bedford Park, IL was performed on April 7, 2009.  The analysis is based on the average room rates for 460 hotels within Bedford Park, 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.

Discount Rate Analysis for Bedford Park, Illinois Hotels

Sleep Inn Midway Airport          Info   Rate History   Map
6650 S. Cicero Ave.
Bedford Park, IL 60638

Rate Analysis	Low	High
Running Average Rates :	$147	$150
Observed Rates :	$112	$112

The observed low rate is 24% below the average low rate.
The observed high rate is 25% below the average high rate.

Hilton Garden Inn Chicago/midway Airport          Info   Rate History   Map
6530 S. Cicero Avenue
Bedford Park, IL 60638

Rate Analysis	Low	High
Running Average Rates :	$162	$169
Observed Rates :	$145	$205

The observed low rate is 10% below the average low rate.
The observed high rate is 21% above the average high rate.

Courtyard By Marriott Midway Airport          Info   Rate History   Map
6610 South Cicero Avenue
Bedford Park, IL 60638

Rate Analysis	Low	High
Running Average Rates :	$146	$224
Observed Rates :	$135	$149

The observed low rate is 8% below the average low rate.
The observed high rate is 33% below the average high rate.

Fairfield Inn By Marriott Midway          Info   Rate History   Map
6630 South Cicero Avenue
Bedford Park, IL 60638

Rate Analysis	Low	High
Running Average Rates :	$131	$186
Observed Rates :	$135	$145

The observed low rate is 3% above the average low rate.
The observed high rate is 22% below the average high rate.

Residence Inn Chicago Midway          Info   Rate History   Map
6638 South Cicero Avenue
Bedford Park, IL 60638

Rate Analysis	Low	High
Running Average Rates :	$150	$209
Observed Rates :	$159	$189

The observed low rate is 6% above the average low rate.
The observed high rate is 10% below the average high rate.

Hotel Rate Table for Bedford Park, Illinois

The table below shows Bedford Park, 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 Bedford Park, Illinois Hotels Enter your arrival and departure dates and click Update Rates. Estimated processing time : 10 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 Courtyard By Marriott Midway Airport 185 135 146 -11 149 224 -75 Residence Inn Chicago Midway 180 159 150 9 189 209 -20 Hilton Garden Inn Chicago/midway Airport 166 145 162 -17 205 169 36 Fairfield Inn By Marriott Midway 158 135 131 4 145 186 -41 Sleep Inn Midway Airport 148 112 147 -35 112 150 -38

Discount Hotels Page

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Hotel Rate Analysis and Classification Details

The April 7, 2009 rate analysis for Bedford Park, Illinois hotels is based on the average rates of 460 hotels within Bedford Park, 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 Bedford Park 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 Bedford Park 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 Bedford Park hotels with average room rates greater the $74 and less that $214 are classified as moderate priced hotels ( cyan ) on the map.