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Penn State Index of U.S. Hotel Values

The Penn State Index of U.S. Hotel Values is an index produced by the Hospitality Real Estate Strategy Group 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

 

 

 

 

Value

Annual

Overall

Per Room

% Change

2018

$134,980

3.5%

2019

$138,262

2.4%

2020

$86,638

-37.3%

2021

$104,544

20.7%

2022

$117,145

12.1%

Luxury

 

 

2018

$414,069

4.2%

2019

$426,539

3.0%

2020

$369,168

-13.5%

2021

$380,845

3.2%

2022

$395,084

3.7%

Upper Upscale

 

2018

$215,387

2.4%

2019

$222,790

3.4%

2020

$157,987

-29.1%

2021

$162,577

2.9%

2022

$185,496

14.1%

Upscale

 

 

2018

$155,610

1.5%

2019

$158,633

1.9%

2020

$108,317

-31.7%

2021

$126,870

17.1%

2022

$142,851

12.6%

Upper Midscale

 

2018

$113,756

-0.1%

2019

$116,087

2.0%

2020

$75,840

-34.7%

2021

$87,474

15.3%

2022

$95,617

9.3%

Midscale

 

 

2018

$73,237

-0.9%

2019

$74,230

1.4%

2020

$51,346

-30.8%

2021

$62,405

21.5%

2022

$64,804

3.8%

Economy

 

 

2018

$42,537

6.4%

2019

$43,591

2.5%

2020

$27,174

-37.7%

2021

$35,311

29.9%

2022

$36,685

3.9%

Source:

The Pennsylvania State University

Find

Last Name
Professor of Hospitality Management
Director of the Hospitality Real Estate Strategy Group
Summary Statement

Professor O’Neill conducts research, outreach and teaching in the areas of real estate, asset management and strategic management in the hotel industry, and serves as director of the Hospitality Real Estate Strategy Group. 

Department
  • Hospitality Real Estate Strategy Group