Hotel Price Categories for Lakeland, Tennessee

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 Lakeland, TN was performed on September 09, 2008.  The analysis is based on the average room rates for 137 hotels within Lakeland, TN and adjacent towns forming the Memphis, TN-AR-MS 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 Lakeland, Tennessee Hotels

Lakeland Super 8 Motel          Info   Rate History   Map
9779 Huff & Puff Road
Lakeland, TN 38002

Rate Analysis	Low	High
Running Average Rates :	$60	$73
Observed Rates :	$58	$69

The observed low rate is 3% below the average low rate.
The observed high rate is 5% below the average high rate.

Hotel Rate Table for Lakeland, Tennessee

The table below shows only one hotel for Lakeland, Tennessee, 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. 

Open Help Window:  Rate Table Help

Interactive Rate Table for Lakeland, Tennessee Hotels Enter your arrival and departure dates and click Update Rates. Estimated processing time : 2 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 Lakeland Super 8 Motel 66 58 60 -2 69 73 -4

Hotel Rate Analysis and Classification Details

The September 09, 2008 rate analysis for Lakeland, Tennessee hotels is based on the average rates of 137 hotels within Lakeland, TN and adjacent towns forming the Memphis, TN-AR-MS 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:  $46 - Scottish Inns - Memphis Airport
Highest Average Room Rate:  $222 - Residence Inn By Marriott Memphis Downtown

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 September 09, 2008 analysis, the resulting mean room rate for Memphis, TN-AR-MS MSA hotels is $104 and the standard deviation is $36.

Hotels with average rates greater than one standard deviation above the mean are categorized as deluxe.  One standard deviation above the mean is $140, so Lakeland hotels with an average rate higher than $140 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 $75, so Lakeland hotels with an average rate lower than $75 are classified as budget hotels (green ) on the map.

Everything in between is categorized as moderate priced hotels, so Lakeland hotels with average room rates greater the $75 and less that $140 are classified as moderate priced hotels ( cyan ) on the map.