Last updated: 12:18 PM ET, Tue November 01 2016

Cleveland Hotel Rates Soar Ahead of 2016 World Series Finale

Hotel & Resort | Patrick Clarke | November 01, 2016

Cleveland Hotel Rates Soar Ahead of 2016 World Series Finale

PHOTO: Cleveland's Progressive Field, home of the Indians. (Photo via Flickr/Erik Drost) 

This year's historic World Series clash between the Chicago Cubs and Cleveland Indians is set to come to a dramatic conclusion in Cleveland this week, with one team poised to end a decades-long championship drought.

Unsurprisingly, hotel rooms are currently tough to come by in Cleveland.

With demand surging ahead of Tuesday's Game 6 showdown at Progressive Field, Cleveland.com reports that hotels are selling out despite soaring room rates. Although there are still some rooms to be had in downtown Cleveland, they won't come cheap. Many hotels with availability are charging more than $500 for an overnight stay in the city.

For example, a room at the Hilton Cleveland Downtown Tuesday night is priced at $599 on Hotels.com, while the three-star Hilton Garden Inn Cleveland Downtown near Progressive Field is asking $509 for the night.

"It's basic supply and demand," Hotel & Leisure Advisors vice president Laurel Keller told Cleveland.com. "These properties are assuming demand will be so high they're going to sell out. They've taken their rates to the max so they won't leave any money on the table."

READ MORE: 7 Things To Do in Cleveland While Waiting for a World Series Game to Start

Citing STR, Cleveland.com reports the average room rate for the first Tuesday in November last year was $129. And even the average rate during July's Republican National Convention came in around $343.

According to KAYAK, hotel prices are up 48 percent in Cleveland during this year's World Series when compared to the same period last year.

Hotel prices aren't the only things climbing in Cleveland. Data from KAYAK also shows that flight prices to Cleveland are up more than 40 percent as baseball fans make their way to the shores of Lake Erie to see a champion crowned.

Last-minute visitors to Cleveland this week may want to consider staying a few miles outside of the city, where hotel room rates will be much more affordable. 

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