First Free Story (1 of 3)

More travel executives get their mission-critical industry news from Skift than any other source on the planet.

Already a member?

Need a last-minute hotel reservation in the Boston area Wednesday night? Be prepared to pay up.

As of Tuesday, the best available rate at the Courtyard by Marriott in Cambridge was $809 for a room with a king-size bed, according to Marriott’s website. (It was no longer available on Wednesday morning). Many of the local hotels listed on Hilton’s website were sold out. Among the company’s available offerings was a room at a suburban Hilton Garden Inn, where $294 would get you two queen beds with breakfast included — just 17 miles from downtown Boston. Fast-forward a week and the Courtyard books for $249, the Garden Inn for $184.

Parents of Harvard seniors won’t be surprised. The university holds its 2018 commencement ceremony on Thursday. This year, demand for hotel rooms is compounded by the Boston Celtics’ run through the National Basketball Association playoffs. The team hosts the Cleveland Cavaliers in game five of the Eastern Conference finals on Wednesday night.

Source: ©2018 Bloomberg L.P.

Boston hotels commanded an average daily rate of $260.95 on the night before Harvard’s 2017 commencement, a 17 percent premium on the average rate for the month of May, according to lodging data provider STR. Figures on this year’s rate spike aren’t available yet, but recent history shows Wednesday will be among the month’s most expensive nights.

©2018 Bloomberg L.P. This article was written by Patrick Clark from Bloomberg and was legally licensed through the NewsCred publisher network. Please direct all licensing questions to

Photo Credit: The lobby of the Courtyard by Marriott in Cambridge. The hotel was sold out on May 23, 2018 because of demand for the Harvard commencement and the NBA playoffs. Marriott International