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Find low hotel rates in Richmond, IN using the rate comparison tools below.  Compare current rates to the rate history of each hotel to identify below average rates.
Best Rates List:  See the best deals in Richmond, IN found by automated rate analysis.  Enter specific dates for real time results.  Verify results against rate history graphs for each hotel.  go to discounts...
Locator Map:  Zoom in to reduce your analysis to a specific area of Richmond.  Access real time rates for the visible hotels.  Observe rate data in the format shown on the right.  Check the difference from average for each hotel to identify low rates.  more info...
Interactive Rate Table:  For a comprehensive view of all Richmond hotels, use the Rate Table to compare each hotel's current rates and annual average rates.  Sort the table by any column.  go to rate table...
Map HelpOpen Help Window:  Locator Map Help
Richmond, IN  Hotel Rates
Hotel Price Categories for Rural Indiana 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 Richmond, IN is a small town in rural Indiana, it's rate classification is based on 134 hotels in rural Indiana that are oustide the metropolitan areas.  The latest rate analysis for rural Indiana hotels was performed on April 7, 2009.  The current classification breaks based on this analysis are as follows:
Deluxe Hotels  (Magenta) :
Moderate Hotels  (Cyan) :
Budget Hotels  (Green) :
average room rate > $117
average room rate is $69 to $117
average room rate < $69
See Hotel Rate Analysis and Classification Details below for a detailed explanation of the classification price breaks.
Automated Rate Analysis for Richmond, Indiana Hotels
This analysis calculates the difference between the current rates and average rates for each hotel in Richmond, Indiana.
Enter your arrival and departure dates and click "Update Rates" to analyze the rates for specific dates.
The hotels are listed in order starting with the best difference first.
Up to ten hotels may be listed.
The first five hotels show the best difference in the low rates, while the last five are the best of the high or low rates.
For further discretion, view the rate graphs for each hotel through the "Rate History" links.
Enter your arrival and departure dates and then click the Update Rates button.
The rate analysis routine will step through the rate table and then post the new results below.
Estimated processing time : 14 seconds
Knights Inn Richmond          Info   Rate History   Map
3020 East Main Street
Richmond, IN 47374
|Running Average Rates :||$66||$67|
|Observed Rates :||$55 ||$55 |
The observed low rate is 17% below the average low rate.
The observed high rate is 18% below the average high rate.
Comfort Inn Richmond          Info   Rate History   Map
912 Mendelson Dr.
Richmond, IN 47374-1232
|Running Average Rates :||$84||$88|
|Observed Rates :||$79 ||$154 |
The observed low rate is 6% below the average low rate.
The observed high rate is 75% above the average high rate.
Richmond Days Inn          Info   Rate History   Map
5775 National Rd East
Richmond, IN 47374
|Running Average Rates :||$59||$62|
|Observed Rates :||$64 ||$81 |
The observed low rate is 8% above the average low rate.
The observed high rate is 31% above the average high rate.
Best Western Classic Inn          Info   Rate History   Map
533 W Eaton Pike
Richmond, IN 47374-2641
|Running Average Rates :||$83||$131|
|Observed Rates :||$99 ||$174 |
The observed low rate is 19% above the average low rate.
The observed high rate is 33% above the average high rate.
For more analysis results, see the Discount Rates Page after you have updated the rate table.
Hotel Rate Table for Richmond, Indiana
The table below shows Richmond, 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
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 7, 2009 rate analysis for Richmond, Indiana hotels is based on the average room rates of 134 hotels in rural Indiana 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:
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 7, 2009 analysis, the resulting mean room rate for rural Indiana hotels is $92 and the standard deviation is $25.
Hotels with average rates greater than one standard deviation above the mean are categorized as deluxe.  One standard deviation above the mean is $117, so Richmond hotels with an average rate higher than $117 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 $69, so Richmond hotels with an average rate lower than $69 are classified as budget hotels (green ) on the map.
Everything in between is categorized as moderate priced hotels, so Richmond hotels with average room rates greater the $69 and less that $117 are classified as moderate priced hotels ( cyan ) on the map.
United States : Indiana
Richmond, IN Hotels
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Hospitals & Medical Care FacilitiesReid Hospital and Health Care Service
Richmond State Hospital
Gaar House Museum
Indiana Football Hall of Fame
Richmond Art Museum
Wayne County Historical Museum
Universities & CollegesBethany Theological Seminary
Earlham School of Religion
Indiana University - East
Richmond Hotel ChainsBest Western
Super 8 Motels
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