Insight
The report estimates that Montréal could lose over $19 million in visitor spending due to the lodging shortage during the two major events.
Report: Montréal seasonal short-term rental ban risks millions in tourism revenue
Summary
Montréal's seasonal ban on short-term rentals is projected to cause a shortfall of over 26,000 accommodation nights during major events like the Formula 1 Canadian Grand Prix and the UCI World Cycling Championships in 2026. This could cost the city over $19 million in lost revenue. Airbnb urges the city to end the ban and streamline permitting to support local businesses and the tourism sector.
Key takeaway