Tourism is one of Vancouver’s few strong industries, yet the capacity to support this economic sector that sustains many jobs — which also directly benefits shops, restaurants, services, and other businesses, including many small businesses — is at risk without addressing the growing shortage of hotel rooms.
According to Destination Vancouver, Metro Vancouver will need an additional 20,000 hotel rooms over the coming decades — including 10,000 within the city of Vancouver, where demand is highest. The shortage of hotel rooms is expected to become especially acute later this decade, leading to a sharp rise in average nightly rates, which are already the highest among Canada’s major urban centres, and an inability to attract a…
