Market Report
Vancouver Hospitality Market Report
2025 Investment Forecast
Scenic Landscape and Ample Tourist
Attractions Support Hotel Performance
Contracting supply and natural splendor aids hotels. Vancouver upholds a booming tourism industry, thanks to the natural beauty provided by its location on the Pacific Coast and its proximity to the Coastal Mountain Range. These scenic surroundings attract outdoor and sports enthusiasts from across the globe, sustaining Vancouver’s hotel sector as a top performing market. While the metro’s occupancy rate did inch down in 2024 due to fewer citywide events lowering group demand, its hotel performance outlook is favourable. Vancouver is home to Canada’s largest cruise ship terminal, which witnessed a historic amount of travellers in 2024. As falling borrowing costs support an uptick in discretionary spending this year, the cruise sector is likely to gain further momentum. Additionally, Vancouver will be a host city for the 2026 World Cup. Coupled with the elimination of Covid-era flight restrictions to China and the potential for Canada to be reinstated on the country’s approved travel list, international group and leisure demand from Asia could return to pre-pandemic levels in the years ahead. On top of a strong demand outlook, Vancouver’s hotel inventory has also contracted over the past ten years, keeping supply-side pressures to a minimum. Hotel performance is likely to stay strong in 2025 and beyond as a result.
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