How the index rates LRA priority
Every corridor is rated on one question: how often will an NLRA rate close out on nights your travelers need? The answer decides whether a deeper NLRA discount or a last-room-available rate costs less over a year. The underlying close-out arithmetic is on Hotel RFP Engineering: LRA vs. NLRA.
- Critical
- Core submarkets compress on ordinary weekdays as well as during events. LRA with a hard ceiling is needed at every property carrying meaningful volume. New York, Central London and Boston–Cambridge.
- High
- Compression is driven by a predictable event calendar: conventions, trade fairs, institutional meetings. LRA or a named event ceiling is needed in the core; NLRA can work in suburbs. San Francisco, Chicago, Washington, Frankfurt–Munich.
- Moderate
- Deep hotel supply and a short event list. A static NLRA rate with a few event ceilings usually wins. Dallas and Houston.
Rate bands in the index are Business Travel Consulting 2026 benchmarks for negotiated corporate rates at upper-midscale to upscale properties in each corridor’s core areas, drawn from hotel RFP responses and folio audits. US rates exclude tax; London and DACH rates include VAT, as hotels there quote them.