Center for Hospitality Real Estate Strategy

Penn State Index of U.S. Hotel Values

The Penn State Index of U.S. Hotel Values is an index produced by the Center for Hospitality Real Estate Strategy that projects hotel values for the overall U.S. and for the specific hotel property types of Luxury, Upper Upscale, Upscale, Upper Midscale, Midscale and Economy hotels. Read more about the Penn State Index of U.S. Hotel Values >>

Current Index of U.S. Hotel Values

Current Index

Overall Value per Room Annual Percent Change
2014 $114,093 6.7%
2015 $121,436 6.4%
2016 $128,878 6.1%
2017 $136,015 5.5%
Luxury
2014 $376,808 6.2%
2015 $389,705 3.4%
2016 $406,076 4.2%
2017 $422,594 4.1%
Upper Upscale
2014 $192,019 6.5%
2015 $200,064 4.2%
2016 $209,537 4.7%
2017 $218,934 4.5%
Upscale
2014 $137,189 7.5%
2015 $145,343 5.9%
2016 $152,552 5.0%
2017 $158,499 3.9%
Upper Midscale
2014 $101,398 7.4%
2015 $107,752 6.3%
2016 $114,599 6.4%
2017 $121,226 5.8%
Midscale
2014 $62,949 9.4%
2015 $68,975 9.6%
2016 $72,661 5.3%
2017 $76,851 5.8%
Economy
2014 $32,439 16.8%
2015 $35,595 9.7%
2016 $39,215 10.2%
2017 $41,938 6.9%
Source: The Pennsylvania State University

John W. O'Neill, MAI, ISHC, Ph.D.
Professor and Director
Center for Hospitality Real Estate Strategy
The Pennsylvania State University
201 Mateer Building
University Park, PA 16802
814-863-8984
814-863-4257 (fax)
jwo3@psu.edu