News & Articles - hotel supply

  • Vancouver tourism

    Vancouver Hotel Shortage Looms

      Without new investment, the lack of hotel supply in Metro Vancouver will translate into significant losses to the provincial economy, according to a new study released by Destination Vancouver. To close the gap between current supply and projected demand, 20,000 new hotel rooms are needed in Metro Vancouver by 2050; with 10,000 of those new hotel rooms necessary just in Vancouver. Between 2022 and 2050, the cumulative economic impacts are projected to be: $30.6 billion in foregone output. $16.6 billion in…

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