Hotel Price Categories for Chenoa, 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 Chenoa, IL was performed on April 28, 2008.  The analysis is based on the average room rates for 27 hotels within Chenoa, IL and adjacent towns forming the Bloomington-Normal, 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 Chenoa, Illinois Hotels

Hotel Rate Table for Chenoa, Illinois

The table below shows only one hotel for Chenoa, Illinois, but other nearby hotels may be found by using the interactive map.

The hotel record is 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.  The "High Dif" column shows the difference between the current high rate and the average high rate.  Enter dates in the "Reservation Dates" form above and click "Update Rates" for the most current rates.  Click on the hotel name to see all available room rates and make reservations. 

Click the help link below for more information on the rate table update & analysis procedures. 

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Interactive Rate Table for Chenoa, Illinois 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 Chenoa Super 8 Motel 68 64 64 0 106 73 33

Hotel Rate Analysis and Classification Details

The April 28, 2008 rate analysis for Chenoa, Illinois hotels is based on the average rates of 27 hotels within Chenoa and adjacent towns forming the Bloomington-Normal, 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:  $60 - Americas Best Inns-bloomington
Highest Average Room Rate:  $136 - Courtyard By Marriott Bloomington

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 28, 2008 analysis, the resulting mean room rate for Bloomington-Normal, IL MSA hotels is $92 and the standard deviation is $23.

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 Chenoa 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 $76, so Chenoa hotels with an average rate lower than $76 are classified as budget hotels (green ) on the map.

Everything in between is categorized as moderate priced hotels, so Chenoa hotels with average room rates greater the $76 and less that $115 are classified as moderate priced hotels ( cyan ) on the map.