Chicago Hotel Market Data
Chicago, USA — North America
Market Snapshot
| 3-Star Average | $91 |
| 4-Star Average | $131 |
| 5-Star Average | $177 |
| Occupancy | 78% |
| RevPAR | $102 |
| YoY Growth | 3.9% |
| Hotels Tracked | 100 |
| Competition Level | Very High |
| Peak Season | Jun-Aug |
Market Insights
Chicago's strong 78% occupancy despite high competition and a diverse price range ($87-$605) indicates robust demand. However, the average 3-star rate at $145 suggests potential for value-driven hotels to capture market share, especially when compared to North American averages, and the significant jump to $248 for 4-star offers clear differentiation opportunities for quality over basic offerings.
Regulatory Environment
Hotel accommodations tax at 4.5% plus state and county taxes totaling ~17.4%. Short-term rental regulations require licensing. Convention center proximity incentives for hotel development.
Recent Market News
Chicago convention business recovery driving midweek demand. Navy Pier redevelopment and Riverwalk expansion attracting leisure visitors. O'Hare modernization improving connectivity.