Hotel Price Categories for Burbank, Illinois

The hotels on the Rate Table and the Interactive Map are grouped into color coded price categories based on their average room rates.  The average rate for each hotel is calculated from the average of it's high and low room rates observed over a period of one year.

The latest hotel rate analysis for Burbank, IL was performed on April 7, 2009.  The analysis is based on the average room rates for 460 hotels within Burbank, IL and adjacent towns forming the Chicago, IL Metropolitan Statistical Area.  The current classification breaks based on this analysis are as follows:

See Hotel Rate Analysis and Classification Details below for a detailed explanation of the classification price breaks.

Automated Rate Analysis for Burbank, Illinois Hotels

Best Western Inn & Suites-midway Airport          Info   Rate History   Map
8220 South Cicero Avenue
Burbank, IL 60459

Rate Analysis	Low	High
Running Average Rates :	$108	$149
Observed Rates :	$99	$161

The observed low rate is 8% below the average low rate.
The observed high rate is 8% above the average high rate.

Hotel Rate Table for Burbank, Illinois

The table below shows only one hotel for Burbank, Illinois, but other nearby hotels may be found by using the interactive map.

The hotel record is color coded according to the Hotel Price Categories described above.  The "Low Dif" column shows the difference between the current low rate and the average low rate.  The "High Dif" column shows the difference between the current high rate and the average high rate.  Enter dates in the "Reservation Dates" form above and click "Update Rates" for the most current rates.  Click on the hotel name to see all available room rates and make reservations. 

Click the help link below for more information on the rate table update & analysis procedures. 

Open Help Window:  Rate Table Help

Interactive Rate Table for Burbank, Illinois Hotels Enter your arrival and departure dates and click Update Rates. Estimated processing time : 2 seconds    Arrival Date                   Departure Date Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31             Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31                Click Hotel Names for Info Pages          Click Avg Rates for Graphs           Click Table Headers to Sort Name Avg Rate Low Rate Avg Low Low Dif High Rate Avg High High Dif Best Western Inn & Suites-midway Airport 128 99 108 -9 161 149 12

Hotel Rate Analysis and Classification Details

The April 7, 2009 rate analysis for Burbank, Illinois hotels is based on the average rates of 460 hotels within Burbank, IL and adjacent towns forming the Chicago, IL Metropolitan Statistical Area.  The average rate for each hotel is calculated from the average of it's high and low room rates observed over a period of one year.  The rates range between the following values:

Lowest Average Room Rate:  $0 - Hyatt Place Chicago Lombard
Highest Average Room Rate:  $401 - Hard Rock Hotel Chicago

The graph on the right shows the typical shape of a room rate distribution for a metropolitan area.  The colored areas depict the price breaks used to classify the hotels.  Rates greater than two standard deviations above the mean for all values are considered high end outliners and are removed from the price break calculations.

For the April 7, 2009 analysis, the resulting mean room rate for Chicago, IL MSA hotels is $148 and the standard deviation is $65.

Hotels with average rates greater than one standard deviation above the mean are categorized as deluxe.  One standard deviation above the mean is $214, so Burbank hotels with an average rate higher than $214 are classified as deluxe hotels ( magenta ) on the map.

Hotels with average rates falling in the lower half of the range below the mean are categorized as budget.  The rate halfway between the low rate and the mean rate is $74, so Burbank hotels with an average rate lower than $74 are classified as budget hotels (green ) on the map.

Everything in between is categorized as moderate priced hotels, so Burbank hotels with average room rates greater the $74 and less that $214 are classified as moderate priced hotels ( cyan ) on the map.