Insight
Vancouver’s average daily hotel rate (ADR) climbed to a record peak of $330 in July, a 7 percent increase year-over-year.
Record summer hotel prices in Vancouver as FIFA World Cup 26™ nears
Summary
Vancouver hotel prices reached record highs this summer due to short-term rental restrictions, with ADRs nearly tripling in five years. Hosts in Vancouver are limited in their ability to rent out properties and are advised to stay informed about potential regulatory changes and the impact on their business.
Key takeaway