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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
2016 $128,878 6.1%
2017 $130,459 1.2%
2018 $134,980 3.5%
2019 $138,262 2.4%
2020 $141,869 2.6%
Luxury
2016 $406,076 4.2%
2017 $397,560 -2.1%
2018 $414,069 4.2%
2019 $426,539  3.0%
2020 $441,150 3.4%
Upper Upscale
2016 $209,537 4.7%
2017 $210,324 0.4%
2018 $215,387 2.4%
2019 $222,790 3.4%
2020 $231,259 3.8%
Upscale
2016 $152,552 5.0%
2017 $153,252 0.5%
2018 $155,610 1.5%
2019 $158,633 1.9%
2020 $162,083 2.2%
Upper Midscale
2016 $114,599 6.4%
2017 $113,906 -0.6%
2018 $113,756 -0.1%
2019 $116,087 2.0%
2020 $118,583 2.2%
Midscale
2016 $72,661 5.3%
2017 $73,892 1.7%
2018 $73,237 -0.9%
2019 $74,230 1.4%
2020 $75,400 1.6%
Economy
2016 $39,215 10.2%
2017 $39,983 2.0%
2018 $42,537 6.4%
2019 $43,591 2.5%
2020 $44,638 2.4%
Source: The Pennsylvania State University

 

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