Penn State Index of U.S. Hotel Values
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 |
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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 |
