With the news that hotel reservations are now being accepted for the 2015 SHRM Annual Conference, I bring you my 6th annual expose of SHRM hotel costs.
I look at selected SHRM conference brochures (i.e., the ones that I still possessed) over the past 15 years to see what it would cost a person to book a single room on a per night average. Clearly, prices in 2001 will be different than in 2015, so I use an inflation calculator to adjust costs to today's dollars. So, how does the 2015 Conference in Orlando compare to years past?
Cost of an Average SHRM-Affiliated Hotel (per night: 6/28-7/1)
Chicago (2008): $267.00 (sd of $30.74)
San Francisco (2001): $266.69 (standard deviation of $58.80)
San Diego (2010): $254.95 (sd of $43.88)
Chicago (2013): 253.46 (sd of 20.99)
Washington DC (2006): $240.38 (sd of $41.30)
Philadelphia (2002): $226.45 (sd of $60.54)
San Diego (2005): $212.11 (sd of $51.72)
Atlanta (2012): $204.31 (sd of $22.80)
Las Vegas (2007): $173.20 (sd of $33.38)
Orlando(2014): $162.07 (sd of $36.07)
Las Vegas (2015): $142.79 (sd of $22.85)
Las Vegas (2011): $133.83 (sd of $18.56)
Not surprisingly, when you saw Las Vegas as the location of choice in 2015, you knew you would be able to get a hotel relatively cheaply, and the numbers don't lie. This will be the 2nd lowest average hotel cost in the last 15 years. Half of the hotels are below the median cost of $149. The first quartile is at $131, and the 3rd quartile is at $1596. The lowest price hotel is at $99 with a top price of $179. 5 star hotels such as the Bellagio ($179), Venetian ($149), or Wynn ($165) can be had for not much more than the average hotel room...just be leery of the resort fees. Even better SHRM hotel costs in Las Vegas are usually competitive even against such sites as Hotwire and Priceline.
Just get ready to save your pennies, as more expensive hotels will be expected as Washington, DC and Chicago will be the destinations in the not too distant future.
See you in Las Vegas