Hotel Price Categories for Parsippany, New Jersey

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 Parsippany, NJ was performed on April 7, 2009.  The analysis is based on the average room rates for 86 hotels within Parsippany, NJ and adjacent towns forming the Newark, NJ 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 Parsippany, New Jersey Hotels

Parsippany - Days Inn          Info   Rate History   Map
3159 Route 46 East
Parsippany, NJ 07054

Rate Analysis	Low	High
Running Average Rates :	$93	$134
Observed Rates :	$50	$54

The observed low rate is 46% below the average low rate.
The observed high rate is 60% below the average high rate.

Courtyard By Marriott Parsippany          Info   Rate History   Map
3769 Route 46 East
Parsippany, NJ 07054

Rate Analysis	Low	High
Running Average Rates :	$150	$195
Observed Rates :	$84	$169

The observed low rate is 44% below the average low rate.
The observed high rate is 13% below the average high rate.

Fairfield Inn And Suites By Marriott Parsippany          Info   Rate History   Map
3535 US Highway 46 East
Parsippany, NJ 07054

Rate Analysis	Low	High
Running Average Rates :	$128	$187
Observed Rates :	$74	$169

The observed low rate is 42% below the average low rate.
The observed high rate is 10% below the average high rate.

Red Roof Inn Parsippany (nyc)          Info   Rate History   Map
855 US 46 East
Parsippany, NJ 07054

Rate Analysis	Low	High
Running Average Rates :	$73	$81
Observed Rates :	$55	$65

The observed low rate is 25% below the average low rate.
The observed high rate is 20% below the average high rate.

Staybridge Suites Parsippany          Info   Rate History   Map
61 INTERPACE PKWY
Parsippany, NJ 07054

Rate Analysis	Low	High
Running Average Rates :	$116	$248
Observed Rates :	$88	$225

The observed low rate is 24% below the average low rate.
The observed high rate is 9% below the average high rate.

Ramada Limited          Info   Rate History   Map
949 Rt 46 East
Parsippany, NJ 07054

Rate Analysis	Low	High
Running Average Rates :	$71	$92
Observed Rates :	$59	$99

The observed low rate is 17% below the average low rate.
The observed high rate is 8% above the average high rate.

Howard Johnson Express Inn          Info   Rate History   Map
625 Route 46 East
Parsippany, NJ 07054

Rate Analysis	Low	High
Running Average Rates :	$53	$58
Observed Rates :	$45	$53

The observed low rate is 15% below the average low rate.
The observed high rate is 9% below the average high rate.

Sheraton Parsippany Hotel          Info   Rate History   Map
199 Smith Road
Parsippany, NJ 07054

Rate Analysis	Low	High
Running Average Rates :	$182	$231
Observed Rates :	$189	$219

The observed low rate is 4% above the average low rate.
The observed high rate is 5% below the average high rate.

Holiday Inn Hotel & Suites Parsippany,nj          Info   Rate History   Map
707 Rt. 46 E.
Parsippany, NJ 07054

Rate Analysis	Low	High
Running Average Rates :	$131	$168
Observed Rates :	$130	$180

The observed low rate is 1% below the average low rate.
The observed high rate is 7% above the average high rate.

Sheraton Parsippany Hotel          Info   Rate History   Map
199 Smith Road
Parsippany, NJ 07054

Rate Analysis	Low	High
Running Average Rates :	$182	$231
Observed Rates :	$189	$219

The observed low rate is 4% above the average low rate.
The observed high rate is 5% below the average high rate.

Hotel Rate Table for Parsippany, New Jersey

The table below shows Parsippany, New Jersey 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 Parsippany, New Jersey Hotels Enter your arrival and departure dates and click Update Rates. Estimated processing time : 28 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 Residence Inn By Marriott Parsippany 210 199 185 14 199 236 -37 Sheraton Parsippany Hotel 206 189 182 7 219 231 -12 Hilton Parsippany 190 179 183 -4 209 196 13 Staybridge Suites Parsippany 182 88 116 -28 225 248 -23 Courtyard By Marriott Parsippany 172 84 150 -66 169 195 -26 Fairfield Inn And Suites By Marriott Parsippany 158 74 128 -54 169 187 -18 Embassy Suites Hotel Parsippany 157 209 142 67 214 172 42 Holiday Inn Hotel & Suites Parsippany,nj 150 130 131 -1 180 168 12 Hampton Inn Parsippany, Nj 140 159 137 22 249 144 105 Sierra Suites Parsippany 130 139 117 22 179 144 35 Parsippany - Days Inn 114 50 93 -43 54 134 -80 Ramada Limited 82 59 71 -12 99 92 7 Red Roof Inn Parsippany (nyc) 77 55 73 -18 65 81 -16 Howard Johnson Express Inn 56 45 53 -8 53 58 -5

Discount Hotels Page

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Hotel Rate Analysis and Classification Details

The April 7, 2009 rate analysis for Parsippany, New Jersey hotels is based on the average rates of 86 hotels within Parsippany, NJ and adjacent towns forming the Newark, NJ 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:  $50 - Rnjmp - Red Carpet Inn Morris Plains
Highest Average Room Rate:  $305 - Mountain Creek Resort

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 Newark, NJ MSA hotels is $146 and the standard deviation is $50.

Hotels with average rates greater than one standard deviation above the mean are categorized as deluxe.  One standard deviation above the mean is $196, so Parsippany hotels with an average rate higher than $196 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 $98, so Parsippany hotels with an average rate lower than $98 are classified as budget hotels (green ) on the map.

Everything in between is categorized as moderate priced hotels, so Parsippany hotels with average room rates greater the $98 and less that $196 are classified as moderate priced hotels ( cyan ) on the map.