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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

Overall Value per Room Annual Percent Change
2017 130,459 1.2%
2018 $134,980 3.5%
2019 $138,262 2.4%
2020 $86,638 -37.3%
2021 $111,818

29.1%

Luxury
2017 $397,560 -2.1%
2018 $414,069 4.2%
2019 $426,539 3.0%
2020 $369,168 -13.5%
2021 $381,658 3.4%
Upper Upscale
2017 $210,324 0.4%
2018 $215,387 2.4%
2019 $222,790 3.4%
2020 $157,987 -29.1%
2021 $175,543 11.1%
Upscale
2017 $153,252 0.5%
2018 $155,610 1.5%
2019 $158,633 1.9%
2020 $108,317 -31.7%
2021 $134,426 24.1%
Upper Midscale
2017 $113,906 -0.6%
2018 $113,756 -0.1%
2019 $116,087 2.0%
2020 $75,840 -34.7%
2021 $99,107 30.7%
Midscale
2017 $73,892 1.7%
2018 $73,237 -0.9%
2019 $74,230 1.4%
2020 $51,346 -30.8%
2021 $65,285 27.1%
Economy
2017 $39,983 2.0%
2018 $42,537 6.4%
2019 $43,591 2.5%
2020 $27,174 -37.7%
2021 $38,991 43.5%
Source: The Pennsylvania State University
Appointment Type
Accepting Graduate Students?
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 Management - HM/SHM