Business facts
Estimated employees~7
Rough estimate from limited signals
Area statistics (60131)
Population18,258
Median household income$74,606
Source: US Census ACS
About
PremiumValue is located in Chicago, Illinois. This business is working in the following industry: Serviced Accommodation.
Market analysis
Earning above its category median in a growing category (Serviced Accommodation).
EstimateCategory trend: 2024, +6.5%
Revenue trend (modeled)
~$1.7M2019
~$808.7K2020
~$933.4K2021
~$1.5M2022
~$1.7M2023
~$1.9M2024
Modeled from official industry statistics+2.6%/yr since 201980% confidence band: ±42%
Category context
| Businesses | Total revenue | Mean | Median | Median rating | vs median | |
|---|---|---|---|---|---|---|
| Serviced Accommodation in Illinois | 85 | ~$83.8M | ~$998.2K | ~$681.8K | 4.9★ | 2.8× |
Category revenue trend2024: +6.5%2023: +10.2%2022: +19.1%2021: +15.8%Modeled from business-level estimates
Chain pressure47 chains expanding in this category, led by Choice, Hampton Inn Macomb, Harvest (+232 locations since 2016)
Revenue trajectory vs benchmarks (indexed, 2019 = 100)
Estimate
Immediate area (1 km)
| Businesses | Total revenue | Mean | Median | Jobs | Estimated wage bill | vs median | |
|---|---|---|---|---|---|---|---|
| 1 km area (all businesses) | 1,845 | ~$3.3B | ~$1.8M | ~$557.6K | 4,738 | ~$645.5M | 3.4× |
| Accommodation and food service activities | 42 | ~$36.5M | ~$868.5K | — | 204 | — | — |
1 km area (all businesses): median from the 1,728 of 1,845 businesses with estimates
Estimate
Area conditions (60131)
Population18,258 ±127
Median household income$74,606 ±$7,891
Median home value$246,500
Bachelor's degree or higher0.2%
Unemployment rate0.0%
Source: US Census ACS