Vancouver needs 10,000 more hotel rooms by 2050, tourism organization says

Destination Vancouver says the city needs to build 10,000 hotel rooms by 2050 to keep up with growing demand.

The tourism organization recently published a new report, highlighting strategies and recommendations to reach this target. It says shifts in the real estate market, including declining demand for office space, has created a window for hotel development.

According to the organization, hotels in the city are currently operating at 80 per cent capacity year-round, and 95 per cent capacity during peak seasons.

A previous report from 2023 found that a lack of new investment and a lack of hotel supply would translate into significant losses for the provincial economy.

Destination Vancouver’s 2023 study on the…