Hotel Price Categories for Wayne, 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 Wayne, NJ was performed on April 7, 2009.  The analysis is based on the average room rates for 53 hotels within Wayne, NJ and adjacent towns forming the Bergen-Passaic, 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.

Automated Rate Analysis for Wayne, New Jersey Hotels

Ramada Inn Wayne Fairfield          Info   Rate History   Map
334 Route 46 East Service Rd.
Wayne, NJ 07470

Rate Analysis	Low	High
Running Average Rates :	$113	$118
Observed Rates :	$59	$59

The observed low rate is 48% below the average low rate.
The observed high rate is 50% below the average high rate.

Wellesley Inn Wayne          Info   Rate History   Map
1850 Route 23 N. at Ratzer Road
Wayne, NJ 07470

Rate Analysis	Low	High
Running Average Rates :	$69	$73
Observed Rates :	$59	$59

The observed low rate is 14% below the average low rate.
The observed high rate is 19% below the average high rate.

Residence Inn By Marriott Wayne          Info   Rate History   Map
30 Nevins Road
Wayne, NJ 07470

Rate Analysis	Low	High
Running Average Rates :	$174	$220
Observed Rates :	$209	$209

The observed low rate is 20% above the average low rate.
The observed high rate is 5% below the average high rate.

Hotel Rate Table for Wayne, New Jersey

The table below shows Wayne, 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 Wayne, New Jersey Hotels Enter your arrival and departure dates and click Update Rates. Estimated processing time : 6 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 Wayne 197 209 174 35 209 220 -11 Ramada Inn Wayne Fairfield 116 59 113 -54 59 118 -59 Wellesley Inn Wayne 71 59 69 -10 59 73 -14

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 Wayne, New Jersey hotels is based on the average rates of 53 hotels within Wayne, NJ and adjacent towns forming the Bergen-Passaic, 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:  $64 - Scottish Inns Paterson
Highest Average Room Rate:  $244 - Residence Inn By Marriott East Rutherford Meadowla

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 Bergen-Passaic, NJ MSA hotels is $148 and the standard deviation is $46.

Hotels with average rates greater than one standard deviation above the mean are categorized as deluxe.  One standard deviation above the mean is $194, so Wayne hotels with an average rate higher than $194 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 $106, so Wayne hotels with an average rate lower than $106 are classified as budget hotels (green ) on the map.

Everything in between is categorized as moderate priced hotels, so Wayne hotels with average room rates greater the $106 and less that $194 are classified as moderate priced hotels ( cyan ) on the map.